Box (NYSE:BOX) reported fourth-quarter results that narrowly topped analyst expectations, but the stock tumbled more than 4% intra-day today as the company’s forward guidance failed to impress investors.

The cloud content management firm posted adjusted earnings per share (EPS) of $0.42, just surpassing the consensus estimate of $0.41. Revenue for the quarter reached $279.5 million, slightly ahead of analyst projections of $279.47 million and marking a 6% year-over-year increase.

However, concerns arose from Box’s outlook for fiscal 2026. For the first quarter, the company projected EPS between $0.25 and $0.26, significantly below the anticipated $0.43. Revenue guidance of $274 million to $275 million also fell short of the expected $278.9 million.

The full-year forecast provided little relief. Box expects fiscal 2026 EPS in the range of $1.13 to $1.17, well below analyst estimates of $1.87. Revenue projections of $1.155 billion to $1.16 billion aligned closely with consensus expectations of $1.158 billion but did little to alleviate investor concerns.

Despite CEO Aaron Levie highlighting the company’s strides in AI-powered innovations and the launch of Enterprise Advanced, which integrates its platform into a single solution, market reaction remained negative.