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Why Box Stock Surged Today

·2-min read
Why Box Stock Surged Today

Shares of Box (NYSE: BOX) jumped 10% on Wednesday, following the release of the cloud-based data storage specialist's fiscal 2022 third-quarter results. Its deferred revenue, meanwhile, increased 21% to $429.7 million. Better still, Box's billings -- a key metric that includes sales to new and existing customers, as well as subscription renewals -- jumped 25% to $231.5 million.

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