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What's in the Cards for Box, Inc. (BOX) in Q3 Earnings?

Box, Inc. BOX is set to report third-quarter fiscal 2017 results on Nov 30. Last quarter, the company posted a positive earnings surprise of 21.62%.

Let’s see how things are shaping up for this announcement.

Factors at Play

Box incurred fiscal second-quarter loss of 29 cents per share, lower than the Zacks Consensus Estimate by 21.62%. However, revenues of $95.7 million were up 30.0% year over year driven by strong growth in billings.

The company has been continuously investing in security, compliance and administrative technology, and plans to hire more sales personnel. These investments and partnerships with leading enterprises, namely Cognizant and Adobe among others, will enable the company to capitalize on increasing adoption of cloud computing technologies and the need for secure collaboration.

However, continuous investments in research and development could dent margins as well as profits going ahead.

For the third quarter of fiscal 2017, the company expects to report revenues in the range of $100–$101...