Activists like what they see in these two

Article Excerpt

BOX INC. $17 (New York symbol BOX; Manufacturing & Industry sector; Shares outstanding: 147.8 million; Market cap: $2.5 billion; No dividend paid; Takeover Target Rating: Medium; www.box.com) sells cloud-based storage services to over 95,000 businesses. That gives them online access to software and data files they store on remote servers. The cloud platform lets its clients securely share documents and other data within their organizations and with external parties. Box completed an initial public offering in January 2015 at $14.00 a share. The stock went as high at $28.12 in May 2018, but has since moved down to its current price. That’s largely because The company faces strong competition from much bigger technology firms such as Microsoft and Google (owned by Alphabet Inc.). They now bundle online storage services with their business software packages. Box’s share price drop has prompted activist investment firm Starboard Value to amass 7.5% of the company’s class A shares (one vote per share); insiders control the company through class B shares (10…