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Why Box Shares Rose 8% This Week

Why Box Shares Rose 8% This Week

Shares of Box (NYSE: BOX) beat the market this week, rising 8% through Thursday trading compared to a 1.7% decline in the S&P 500. The cloud software services specialist reported positive earnings results for the third quarter and lifted its outlook for the full fiscal year. Sales through late October rose 14%, the company said on Tuesday afternoon, to mark Box's third consecutive quarter of accelerating gains.