Box CEO teases small acquisitions and explains conservative guidance

Box CEO teases small acquisitions and explains conservative guidance

6 years ago
Anonymous $2WKDXfy9lA

https://www.cnbc.com/2018/05/31/box-ceo-aaron-levie-teases-small-acquisitions-explains-guidance.html

Box fell more than 7 percent on Thursday after a weaker-than-anticipated second quarteroutlook sparked fears the company's growth would slow. But CEO Aaron Levie says the enterprise cloud storage company stands to benefit from cloud migration, and may even be in the market for some small acquisitions as growth picks up.

"Wall Street had pretty high expectations about where we would be guiding in the future, but we wanted to issue guidance we knew we could commit to achieving," Levi said on CNBC's "Closing Bell."