What happened Shares of Box (NYSE: BOX) slumped 10.7% in October, according to data from S&P Global Market Intelligence. The sell-off occurred in conjunction with a pullback for the broader market. ^SPX data by YCharts A surge in new coronavirus cases once again complicated the global economic outlook, and many growth-dependent tech stocks saw substantial dips in November. Box's double-digit slide last month followed an 11.6% decline for the company's share price in September. Image source: Getty Images. So what Box stock popped after the company posted better-than-expected second-quarter results at the end of August, but it wasn't able to hold on to those gains. While there wasn't much in the way of business-specific news driving the pullback for the company's share price last month, it looks like investors and analysts are becoming less optimistic about growth opportunities for pure-play companies in the cloud content management and file sharing market. Box's competitor Dropbox has also seen a wave of significant sell-offs, with its share price down roughly 20% over the last three months. Now what Box stock has regained some ground early in November's trading. The company's share price has climbed roughly 5% in the month amid momentum for the broader market. BOX data by YCharts Box is set to report third-quarter earnings after the market closes on Dec. 1. The company is guiding for sales between $193 million and $195 million in the quarter, representing growth of roughly 10% year over year at the midpoint of the target. Adjusted earnings per share for the period are expected to be between $0.13 and $0.15 For the full-year period, management is targeting sales between $757 million and $770 million, good for growth of roughly 10% at the midpoint of the target. Adjusted earnings per share are projected to be between $0.56 and $0.60, and the company anticipates an adjusted operating margin between 12% and 13%. Box has a market capitalization of roughly $2.6 billion and trades at roughly 28 times this year's expected earnings. 10 stocks we like better than BoxWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Box wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Keith Noonan has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Box. The Motley Fool has a disclosure policy.Source