Fannie Mae, Freddie Mac shares tumble after conservatorship comments
Boxlight Corp (NASDAQ:BOXL), a $4.95 billion market cap company with impressive gross margins of 79% and a GREAT financial health score according to InvestingPro, disclosed that Chief Financial Officer Greg Wiggins has decided to resign from his position, with his departure effective July 18, 2025. The company stated that Mr. Wiggins will continue to serve as CFO until that date.
According to a statement in the SEC filing, Mr. Wiggins’s resignation is to pursue another opportunity and did not result from any disagreement with the company regarding its operations, policies, or practices.
This information is based on a press release statement contained in the company’s Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Box Inc. reported impressive first-quarter earnings for 2025, with revenue reaching $276 million and earnings per share (EPS) surpassing expectations at $0.30, compared to the forecasted $0.26. The company’s billings rose 27% year-over-year, indicating strong customer demand and potential for future revenue growth. Following these results, several financial firms have adjusted their price targets for Box. DA Davidson raised its target to $45, maintaining a Buy rating, citing Box’s robust start to fiscal year 2026 and the interest in its new Enterprise Advanced tier with AI capabilities. Raymond (NSE:RYMD) James increased its price target to $42, maintaining an Outperform rating, and highlighted the acceleration in Box’s billings and remaining performance obligations. JPMorgan also raised its target to $39, maintaining an Overweight rating, noting the significant year-over-year growth in billings. RBC Capital, however, raised its target to $24 but maintained an Underperform rating, expressing caution about the timing of upgrades impacting financial estimates. These developments reflect a positive outlook on Box’s future performance and strategic direction, particularly with its focus on AI-driven content management.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.