Box (BOX – Free Report) and Japan’s Ministry of the Environment have renewed collaboration. This shows the stability of BOX’s portfolio offerings.
The ministry uses BOX for security and defense against serious issues, including internal fraud or information leakage.
The ministry will use Box’s advanced security features to enable employees to collaborate and perform work safely and securely from anywhere.
Behind Box’s capabilities, the ministry will digitize and streamline administrative operations to improve employees’ work styles, thereby increasing productivity.
A new relationship with Japan’s Ministry of the Environment has strengthened Box’s clientele.
Expanding Customer Base
Box makes great efforts to offer cloud management and security solutions according to customer needs. This in turn drives its customer loyalty and expands its customer base.
In addition to the latest partnership renewal, Box was selected by Clario in June to centralize regulated and unregulated content in the cloud.
Box was selected by Pan-American Life Insurance Group in May to facilitate seamless collaboration and a better digital experience for its employees and customers.
In April, Polpharma Biologics chose Box for secure cloud content management and collaboration.
Box’s growing customer base is expected to continue to help its top line in the coming days.
This, in turn, is likely to help Box win the confidence of investors in the near and long term.
Shares of Box rose 4.9% in the year-to-date period against the Zacks Computer and Technology sector’s decline of 36.4%.
Portfolio Strength
Box’s growing collaboration with organizations demonstrates the efficiency and reliability of its portfolio of solutions.
Additionally, BOX continues to bring innovative technological solutions or enhancement offerings to improve its customers’ solutions.
Last month, Box enhanced Box Sign with novel features to help Box customers efficiently use the Box content cloud without incurring additional costs.
In April, Box introduced the Box App Center, which gives customers access to several applications. App Center is an open platform that integrates with over 1500 applications, such as Microsoft Teams, Slack, ServiceNow, Google Workspace and Salesforce.
Box also introduced a virtual whiteboarding and visual collaboration experience solution named Box Canvas to offer a secure collaboration platform to hybrid teams.
Zacks Rank and Stocks to Consider
Currently, Box has a Zacks Rank #3 (Hold). Investors interested in the broader Zacks Computer & Technology sector may want to consider some better-ranked stocks such as Azure Software (ASUR – Free Report), Aspen Technology (AZPN – Free Report) and Amdocs (DOX – Free Report) , each carrying a Zacks Rank #2 (Buy) currently. You see the complete list of Zacks #1 Rank (Strong Buy) stocks today here.
Asure Software lost 14% in the year-to-date period. The long-term earnings growth rate for ASUR is currently projected at 32.8%.
Aspen Technology has returned 62.4% in the year-to-date period. The long-term earnings growth rate for AZPN is currently projected at 18.2%.
Amdocs has gained 8.9% in the year-to-date period. The long-term earnings growth rate for DOX is currently projected at 11.5%.