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Box Stock Gains, Canaccord: Equivalent to Alphabet's Google Drive

NEW YORK (TheStreet) -- Shares of Box (BOX) were rising 5.23% to $14.38 on heavy trading late Monday afternoon as Canaccord released a bullish note on the stock.

The firm said that the Redwood City, CA-based enterprise content management company has growth potential.

Several of Box's products, including its file sharing and group workflow services, are on par with tech giant Alphabet's (GOOGL) Google unit's products, according to Canaccord.

"These upgrades bring Box to parity with Google Drive on multi-user, cloud...