The coronavirus was a boom for cloud stocks enabling work-from-home business, but not all of the businesses saw material shifts in the demand equation. Box (BOX) is one of the stocks that has rallied to new highs without the company seeing any real benefit from the pulled forward shift to the cloud. Last December, my investment thesis highlighted how the cloud content management stock was tired and as the recent rally plays out Box is likely to fade again.
Uninspiring Guidance
While Box talked a big game about digital transformation, the company doesn't