Longer Sales Cycle Results in Lowered Top-Line Fiscal 2020 Guidance for Box
No-moat Box began its fiscal 2020 by posting its first ever quarter-over-quarter revenue decline and lowering its full-year revenue guidance by 2% or $12 million. Box continues to struggle due to a lengthening sales cycle as the firm transitions toward solution selling. Notably, Box management also backed away from the fiscal 2022 revenue target of $1 billion, which seemed ambitious heading into the quarter.ÂWe are lowering our fair value estimate to $13 per share from $15, due to the decreased...
Box provides a cloud content management platform that enables organizations to manage their content. With the company's Software-as-a-Service cloud content management platform, users can collaborate on content internally and with external parties, automate content-driven business processes, develop applications, and implement data protection, security and compliance features to comply with legal and regulatory requirements, internal policies and industry standards and regulations. The company's platform enables a set of business use cases across an enterprise and various file formats and media types. The company also provides offerings that address business needs via technology, services and marketing programs.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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