What to Expect When Box Reports Earnings Wednesday Afternoon

NEW YORK (TheStreet) -- Shares of Box Inc (BOX) were slightly down 0.06% to $16.91 in early market trading Wednesday, ahead of the online data storage provider's first-quarter earnings release after the market closes later today.

Box, a cloud-storage company which went public earlier this year, is expected to post a loss of 31 cents per share on sales of $63.7 million, according to analysts surveyed by Thomson Reuters.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio said he's not expecting a big upside, but a better conference call compared to last quarter.

Cramer thinks that Box had a "horrendous" conference call, and is looking for a better narrative this time around.

He believes the company is "substantially" undervalued compared to its privately-held rival Dropbox.

Los Altos, Calif.-based Box has about 32 million users, compared with about 300 million for Dropbox.

Box is a provider of a cloud platform engaged in storing, sharing and managing various company files with services including secure file sharing, professional services and support, enterprise security and file synchronization.

BOX ChartBOX data by YCharts

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