Box Got Crushed

In 2005, one of Box’s founders the start up with money he earned from playing poker. Ten years later, the company went public and now serves 70% of the Fortune 500 companies.  

Box began as an enterprise-focused cloud storage company, but it’s been increasingly building out a platform on top of its cloud-storage product.  It provides cloud content management platform that enables organizations of various sizes to manage and share their enterprise content from anywhere or any device.

It was only three weeks ago Goldman Sach issued a buy rating with a $31 target price. The Goldman Sach’s analyst thinks Box as

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