Box Inc. (BOX) - Get Report  shares jumped after the content-storage and -management company reported stronger-than-expected third-quarter revenue and raised its full-year guidance, leading multiple analysts to update investors with affirmed ratings and some positive comments.

Box reported a net loss of $40.9 million, wider than the $40.2 million deficit of the year-earlier quarter. The company's loss of 1 cent a share was in line with expectations.

The Redwood City, Calif., company reported a 14% increase in third-quarter revenue to $177.2 million, topping analysts' $174.6 million consensus estimate.

Box also raised its full-year revenue estimate to between $693.7 million and $694.7 million from its previous expectation between $690 million and $692 million. 

Analysts at Oppenheimer are bullish on the stock, maintaining their outperform rating and $18 price target. The firm is "comfortable that [Box is] making positive progress that can be sustained." The firm also sees signs that the company's product evolution will be a positive catalyst.

At Canaccord, analysts affirmed their hold rating while increasing the price target to $18 from $16. While the company has plans to "grow its way out of an excessive cost structure ... Box needs to improve its execution before the stock will substantially work."

And analysts at JMP Securities maintained their market perform rating. Box should maintain its efforts "to significantly [expand] margins in fiscal year 2021 and beyond," the firm said, though it also sees execution risk tied to those efforts.

Box shares at last check were trading up 6.8% at $17.83. The stock through Tuesday had been up by a third since touching a 52-week low $12.46 in late August.