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Box BOX was chosen by Panasonic Information Systems for transparent and secure cloud content management and collaboration.
Panasonic’s cloud services, which are powered by Box, are integrated with microservices. Thanks to this, Panasonic has established a secure platform capable of handling large files.
Panasonic uses Box to securely share and collaborate information, both internally and externally, across multiple ecosystems.
With the help of Box solutions, Panasonic strives to digitally transform its infrastructure and processes for better business performance.
Box goes to great lengths to provide cloud management solutions based on customer needs. This, in turn, builds customer loyalty for the business and increases its customer base.
In addition to the latest partnership, Lotte Corporation chose Box to advance its digital transformation agenda and strengthen the collaboration infrastructure.
Box was also selected by BT for the organization, management and distribution of digital assets as well as secure collaboration with customer forums and external agencies.
Additionally, some leading government organizations have taken advantage of Box’s technologies to digitize and modernize their functionality.
Recently, the United States General Service Administration selected Box’s electronic signature feature, Box Sign, for a seamless signing experience.
Additionally, the Defense Contract Management Agency chose Box’s cloud content management platform for workload operations and lower operating costs.
Previously, the US Department of Health and Human Services had selected Box to provide an advanced technical advantage to health services in the country.
Box’s growing collaboration with private companies and government organizations underscores the effectiveness and reliability of the hardening product portfolio.
We believe its robust product portfolio will continue to drive customer momentum in the days to come, which in turn will benefit financial performance. This will help the company to gain the trust of investors.
Box gained 42.9%, surpassing the 6.6% decline in the Zacks industry since the start of the year.
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The company recently added new features to its security control and intelligent threat detection solution, Box Shield, to provide users with enhanced security without disrupting business workflows.
It also launched Box Shuttle, which facilitates the seamless transfer of large content to Box Content Cloud.
In addition, Box has integrated with MicrosoftMSFT Office software suite from MSFT named Microsoft 365 so customers can work seamlessly and securely in the cloud.
The partnership with Microsoft includes Box integrations with Teams and Box Shield with Office 365 as well as new advancements in Box for Microsoft Office Online and Box Connector for Microsoft Graph.
Zacks rank and actions to consider
Currently, Box carries a Zacks Rank # 3 (Hold).
Investors interested in the wider tech sector may want to consider higher-ranked stocks like ON Semiconductor On and Advanced micro-systems AMD. While ON Semiconductor has a Zacks # 1 (strong buy) rank, Advanced Micro Devices has a Zacks # 2 (buy) rank. You can see The full list of today’s Zacks # 1 Rank stocks here.
ON Semiconductor has gained 89.8% year-to-date. The stock’s long-term earnings growth rate is currently projected at 53.9%.
Advanced Micro Devices has gained 66.2% year-to-date. The stock’s long-term earnings growth rate is currently projected at 46.2%.
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