Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Box, Inc. reported its fiscal 2026 fourth quarter and full-year results with revenue reaching $306 million in Q4, marking a 9% year-over-year increase (8% in constant currency).</li><li>For the full fiscal year, revenue grew 8% to $1.18 billion.</li><li>The company’s operating margin expanded slightly to 28.3% in FY ’26, and earnings per share (EPS) in Q4 came in at $0.49, surpassing the guidance of $0.33, partly due to favorable tax items.</li></ul>

Box, Inc. reported its fiscal 2026 fourth quarter and full-year results with revenue reaching $306 million in Q4, marking a 9% year-over-year increase (8% in constant currency).For the full fiscal year, revenue grew 8% to $1.18 billion.The company’s operating margin expanded slightly to 28.3% in FY ’26, and earnings per share (EPS) in Q4 came in at $0.49, surpassing the guidance of $0.33, partly due to favorable tax items.

Box: The Platform Play Behind AI—Why Box Could Dominate Secure Content Workflows!

<ul><li>Box, Inc. recently reported strong financial results for the third quarter of fiscal 2026, reflecting both the ongoing strategic investments and heightened demand for its AI-enabled content management solutions.</li><li>The company exceeded revenue expectations, with a 9% year-over-year increase to $301 million, driven by a 12% rise in billings and an 18% growth in remaining performance obligations (RPO).</li><li>This progress was attributed to the successful adoption of their Enterprise Advanced suite, which integrates sophisticated AI capabilities into workflow automation and content management.</li></ul>

Box, Inc. recently reported strong financial results for the third quarter of fiscal 2026, reflecting both the ongoing strategic investments and heightened demand for its AI-enabled content management solutions.The company exceeded revenue expectations, with a 9% year-over-year increase to $301 million, driven by a 12% rise in billings and an 18% growth in remaining performance obligations (RPO).This progress was attributed to the successful adoption of their Enterprise Advanced suite, which integrates sophisticated AI capabilities into workflow automation and content management.

Box Is Unlocking Pricing Leverage With AI—But Can It Sustain the Momentum?

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<p>We continue to see signs of improving risk appetites alongside healthy market dynamics. As a result, our outlook remains constructive. A breakout to new highs in the Russell 2000 (IWM) and Russell Micro-Caps (IWC), above $234.50 and $159, would likely cause us to shift to an outright bullish stance. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Technology, and Health Care.</p>

We continue to see signs of improving risk appetites alongside healthy market dynamics. As a result, our outlook remains constructive. A breakout to new highs in the Russell 2000 (IWM) and Russell Micro-Caps (IWC), above $234.50 and $159, would likely cause us to shift to an outright bullish stance. In today’s report we highlight attractive Groups and stocks within Consumer Discretionary, Technology, and Health Care.

U.S. Yields Testing Support Ahead Of FOMC Meeting

<p>We continue to view the market as healthy in terms of breadth, although rotations are occurring at the margin which warrant minor tweaks to our overall theme of continued consolidation and heightened volatility. Also within our May Equity Strategy, we highlight opportunities within the Technology (Overweight), Financial (Overweight), and Energy (Market weight) Sectors.</p>

We continue to view the market as healthy in terms of breadth, although rotations are occurring at the margin which warrant minor tweaks to our overall theme of continued consolidation and heightened volatility. Also within our May Equity Strategy, we highlight opportunities within the Technology (Overweight), Financial (Overweight), and Energy (Market weight) Sectors.

U.S. Equity Strategy: Upgrading Utilities, Downgrading Manufacturing

<ul><li>Box, Inc.'s latest earnings for Q2 FY 2026 highlight a blend of growth and strategic transformation through AIdriven offerings.</li><li>The company reported revenue of $294 million, which reflects a year-over-year growth of 9%, or 7% in constant currency, surpassing their guidance.</li><li>This growth is attributed to an uptick in customer adoption of Box's AI and advanced workflow solutions.</li></ul>

Box, Inc.'s latest earnings for Q2 FY 2026 highlight a blend of growth and strategic transformation through AIdriven offerings.The company reported revenue of $294 million, which reflects a year-over-year growth of 9%, or 7% in constant currency, surpassing their guidance.This growth is attributed to an uptick in customer adoption of Box's AI and advanced workflow solutions.

Box’s Enterprise Advanced Suite: Is This the Future of Legal, Finance, & Healthcare Data?

United States

Box, Inc. develops internet applications software. The Company operates a content sharing platform that enables users to share, access, and manage content in the cloud, as well as provides mobile access, online file storage, and online collaboration solutions. Box serves customers worldwide.

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Box Inc Class A (BOX US)

Box: The Platform Play Behind AI—Why Box Could Dominate Secure Content Workflows!

Box, Inc. reported its fiscal 2026 fourth quarter and full-year results with revenue reaching $306 million in Q4, marking a 9% year-over-year...

Baptista Research

Box Is Unlocking Pricing Leverage With AI—But Can It Sustain the Momentum?

Box, Inc. recently reported strong financial results for the third quarter of fiscal 2026, reflecting both the ongoing strategic investments and...

Baptista Research

U.S. Yields Testing Support Ahead Of FOMC Meeting

We continue to see signs of improving risk appetites alongside healthy market dynamics. As a result, our outlook remains constructive.

Vermilion Research

U.S. Equity Strategy: Upgrading Utilities, Downgrading Manufacturing

We continue to view the market as healthy in terms of breadth, although rotations are occurring at the margin which warrant minor tweaks to our...

Vermilion Research

Box’s Enterprise Advanced Suite: Is This the Future of Legal, Finance, & Healthcare Data?

Box, Inc.'s latest earnings for Q2 FY 2026 highlight a blend of growth and strategic transformation through AIdriven offerings. The company...

Baptista Research

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