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The Ratings Game: Box shows off ‘worst execution’ since IPO as stock tumbles toward biggest drop in a year

Box Inc. shares are plunging toward their worst day in a year after the company reported a quarter that showcased its “worst execution since its 2015 IPO.”

That’s according to Canaccord Genuity analyst Richard Davis, who became less upbeat about the company’s prospects following the report. Davis highlighted Box’s BOX, -0.74% inability to secure big deals during the latest quarter—it logged just two seven-figure deals in the period, versus nine a year earlier—as well as its “exceptional weakness” in Europe, the Middle East, and Africa. That region has persistently proven a sore spot for Box.

But Davis isn’t ready to give up on Box just yet.

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