Is There A Future For Box? - Box (NYSE:BOX) | Seeking Alpha
Summary Since its IPO in 2015, Box's shares had quickly depreciated in value. To tackle this problem, the company announced three major initiatives that will improve its overall financial condition and restore shareholder confidence. Investors should be focused on the implementation of those initiatives since their success will determine whether the company has a future. Launched in 2005 as a cloud-based service, Box (NYSE: BOX ) quickly became one of the most popular cloud storage companies in the world. But as the cloud computing industry progressed, other competitors, due to the low barrier of entrance, also joined the space. At the moment, Box is ranked lower in comparison with giants like Microsoft (NASDAQ: MSFT ), Salesforce.com (NYSE: CRM ), Cisco (NASDAQ: CSCO ) and others that have unlimited amount of resources and known for ruthless competition: Click to enlarge And if we look at the Box's stock performance in the last couple of years,Read full article from Is There A Future For Box? - Box (NYSE:BOX) | Seeking Alpha
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