BOXL Stock Price: Boxlight Corp sinks ahead of quarterly earnings call

  • NASDAQ:BOXL falls by 12.85% during Thursday’s trading session.
  • Strategic deal with Samsung provides a look into the future of education.

NASDAQ:BOXL has certainly tantalized investors with its recent performance even though the stock price is still down considerably – down nearly 50% from just a month ago. Shares of the education technology firm dipped 12.85% through Thursday closing at $2.17 – erasing much of the gains made on Wednesday. Boxlight’s stock is now in negative territory over the past 52 weeks and lags the overall performance of the S&P 500 by nearly 20%. 

On Wednesday, Boxlight announced a strategic partnership with Samsung Electronics to provide classroom displays and software applications to the education market in America. The deal utilizes Samsung’s displays with Boxlight’s Oktopus software which creates a fully interactive learning environment for children and teachers alike. Oktopus provides specific teaching tools as well as device collaboration – which could pave the way for the implementation of distance education if the COVID-19 pandemic continues into the new school year.

BOXL Stock News

BOXL stock price

Boxlight will hold its quarterly earnings call on Friday and Wall Street analysts are anticipating a 20% decline in revenues year-over-year. The education technology sector has been hit especially hard by the coronavirus as school closures and a lack of technological infrastructure to support current distant learning techniques will undoubtedly hurt BOXL’s bottom line. 

The deal with Samsung is an optimistic look into the future of the company, especially if schools do re-open this September – despite COVID-19 still rearing its ugly head in many pockets of America. Thursday may have been a selloff by investors out of fear in anticipation of a poor earnings report. On the bright side, the coronavirus lockdown was a situation where things could not be much worse for BOXL – so the next quarter could show signs of a return to normalcy. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

EUR/USD trades at fresh September lows

Risk-aversion is the main theme this Monday, amid resurgent coronavirus cases in the Old Continent and the announcement of  new lockdowns. ECB’s Lagarde said the economic recovery in the EU is “very uncertain, uneven and incomplete.”


GBP/USD extends slump sub-1.2800

The Pound plunged on a dismal market mood, as PM Johnson acknowledged the kingdom is undergoing a second coronavirus wave. GBP/USD trades at one-week lows around 1.2800.


XAU/USD bullish bias starting to fade

Gold prices are testing the bull's commitments at the support structure around $1,906 in what could be a final test before the next leg higher of the bullish trend.

Gold News

Bitcoin needs to defend critical support level at $10,600

Bitcoin was trading inside an ascending triangle pattern between September 3 and September 15, which is created when the price establishes higher lows and a horizontal trendline around the swing highs. 

Read more

WTI plummets to $39, down more than 4%

Crude oil prices closed the previous week sharply higher but erased a large portion of those gains on Monday. As of writing, the barrel of West Texas Intermediate was down 4.2%, the biggest daily percentage decline in nearly two weeks, at $39.15.

Oil News