My last article highlighted why the dip caused by the Dropbox (DBX) IPO was another opportunity to own Box (BOX). The stock recently hit an all-time high above $28 and another earnings related dip might give investors a chance to buy on weakness.
Source: Box FQ1'18 presentation
Billings Concerns
The market didn't like the FQ1 report including the Rosenblatt analyst that downgraded Box to Neutral. The numbers were generally inline with expectations though billings growth of 17% wasn't that impressive.
Accounting for the new revenue recognition standards of ASC 606, revenue