Jim Cramer on Box, Inc.: "That's Pretty Darn Cheap"

Box, Inc. (NYSE:BOX) is one of the software stocks that Jim Cramer named as potential undervalued buys. Cramer started his list with the stock and commented:

Let’s go through some of my favorites… Let’s start with Box… document storage and collaboration software play with a stock that’s down 36% from its high. CEO Aaron Levie was on CNBC earlier this week, and I thought he gave a great rebuttal to the idea that AI will make enterprise customers completely abandoned third party software… Box is expected to grow its earnings at a 15% clip this year, and it sells for just 16 times this year’s earnings estimates. That’s pretty darn cheap, especially since Box hasn’t had any trouble meeting the estimates.

Box, Inc. (NYSE:BOX) provides a cloud-based platform that allows organizations to securely manage, share, and collaborate on digital content from any device.

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Disclosure: None. This article is originally published at Insider Monkey.