Category Archives: cloud content management

Box wins proxy board battle with activist investor Starboard Value

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A battle between Box and its majority shareholder Starboard Value over control of the board ended today when the company’s slate of directors easily defeated Starboard’s. It culminated months of maneuvering on both sides as they battled for control of the company. Box, in a somewhat generic statement, expressed gratitude for the results: Box appreciates […] Continue reading Box wins proxy board battle with activist investor Starboard Value→

Box reports earnings early to give shareholders time to review financials ahead of board vote

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Box has been in an ongoing dispute with activist investors Starboard Value over control of the board, an argument that is expected to come to a head on September 9th at the annual shareholder meeting. In an effort to show shareholders that the numbers are continuing to improve under the current leadership, Box took the […] Continue reading Box reports earnings early to give shareholders time to review financials ahead of board vote→

Box beats expectations, raises guidance as it looks for a comeback

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Box executives have been dealing with activist investor Starboard Value over the last year, along with fighting through the pandemic like the rest of us. Today the company reported earnings for the first quarter of its fiscal 2022. Overall, it was a good quarter for the cloud content management company. The firm reported revenue of […] Continue reading Box beats expectations, raises guidance as it looks for a comeback→

Starboard Value puts Box on notice that it’s looking to take over board

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Activist investor Starboard Value is clearly fed up with Box and it let the cloud content management know it in no uncertain terms in a letter published yesterday. The firm, which bought a 7.7% stake in Box two years ago claims the company is underperforming, executing poorly and making bad business decisions — and it […] Continue reading Starboard Value puts Box on notice that it’s looking to take over board→

Industry experts bullish on $500M KKR investment in Box, but stock market remains skeptical

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When Box announced it was getting a $500 million investment from private equity firm KKR this morning, it was hard not to see it as a positive move for the company. It has been operating under the shadow of Starboard Value, and this influx of cash could give it a way forward independent of the […] Continue reading Industry experts bullish on $500M KKR investment in Box, but stock market remains skeptical→

KKR hands Box a $500M lifeline

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Box announced this morning that private equity firm KKR is investing $500 million in the company, a move that could help the struggling cloud content management vendor get out from under pressure from activist investor Starboard Value. The company plans to use the proceeds in what’s called a “dutch auction” style sale to buy back […] Continue reading KKR hands Box a $500M lifeline→

Box benefits from digital transformation as it raises its growth forecast

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Box has always been a bit of an enigma for Wall Street and perhaps for enterprise software in general. Unlike vendors who shifted tools like HR, CRM or ERP to the cloud, Box has been building a way to manage content in the cloud. It’s been a little harder to understand than these other enterprise […] Continue reading Box benefits from digital transformation as it raises its growth forecast→

Starboard Value takes 7.5% stake in Box

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Starboard Value, LP revealed in an SEC Form 13D filing last week that it owns a 7.5% stake in Box, the cloud content management company. It is probably not a coincidence that Starboard Value looks for undervalued stocks. Box stock has been on a price roller coaster ride since it went public in 2015 at […] Continue reading Starboard Value takes 7.5% stake in Box→

Box fourth quarter revenue up 20 percent, but stock down 22 percent after hours

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By most common sense measurements, Box had a pretty good earnings report today, reporting revenue up 20 percent year over year to $163.7 million. That doesn’t sound bad, yet Wall Street was not happy with the stock getting whacked, down more than 22 percent after hours as we went to press. It appears investors were […] Continue reading Box fourth quarter revenue up 20 percent, but stock down 22 percent after hours→

Box builds a digital hub to help fight content fragmentation

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The interconnectedness of the cloud has allowed us to share content widely with people inside and outside the organization and across different applications, but that ability has created a problem of its own, a kind of digital fragmentation. How do you track how that piece of content is being used across a range of cloud […] Continue reading Box builds a digital hub to help fight content fragmentation→