i want to check in with aaron levy, the cofounder and chairman and ceo of box. mr.y welcome back to "mad money." >> hey, jim, how are you? >> real good. how are you? >> good. thanks for having me many. >> he's talk about the sheer number of large customers you just won. it's something we've not talked about and it's been a remarkable quarter for you. >> yeah, so last quarter we brought in 3,000 new customers. we achieved 85 million and end the the year at other $300 million. certainly from the guidian we put out. that was krichb in later part because of the p larger customer deals. we put out a metric yes ed, we closed 66 deals over $100,000, 13 deals over $500,000, many of those deals were multimillion dollar deals, and again it's driven by large enterprises recognizing they want to be able to transform the way that their businesses operate. to do that they're going to need more agile technology. they're going to need to be able to transform digitally and fundamentally change how their workforces collaborate and share, and that leads them to modern technology, like

aaron levie will join us in an exclusive. squawk alley will be right back. .ith extraordinary offers on the stylish, all-new rx... and the dynamic nx. ♪ this is the pursuit of perfection. >>> apple just got upgraded as well. we'll speak live to the analyst that made the call. we'll take you inside a $300,000 luxury tank. we'll see you in about 15. >> that qualifies as can't miss, scott. looking forward to it. meanwhile the government dropping it's case against apple but the battle is far from over. aaron is the founder and co-ceo of box. good to see you. i remember that your cfo is also a founder. >> yes. >> let's talk about the enkrimgs issue. where is it going next? i if remember last month you announced that you're going to start encrypting the data that you have in the cloud. up to this point on the consumer level, apple and google have been generally helping the government get access today at a in the cloud but if they follow your lead and start giving the key to the customer they won't be able to do that. >> we always encrypted our customer data in our s

landscape, a and in fact aaron levy beyond with our own jim crepe, on "mad money" tonight.erence call tonight is going to start, though, at 5:00 p.m. eastern, and we'll be on it. guys, back to you. >> thank you very much, josh. >> the question is how sticky are these technologies for the company they're serves? whether it's box at the enterprise level? how much pain will it be if he get entrenched to switch? both are spending very heavily to get the new customers. so i think the key question is -- is that going to pay off? if you look at something like box, a million and a half in terms of market cap, that doesn't seem that outrageous if you have a sticky app. if there is that stickyness. i feel like that is the potentially billion and a half dollar question. >> that's my favorite question. what would you call it if box merged with square? >> one is two dimensional and the other is three. >> cube or something. >> there would be engineer jills there? >> tim, thumbs up or thumbs down on box? >> i think a thumbs ultimate. you think box has a competitive mode. you can see the r

. >>> aaron levy his point of view on the apple ruling and what it means for the tech injury. morning. >>> a killer rally to kick off the month of march. coming in like a lion just like they always say. mike, your thoughts here? >> i think we want to see how the crude market kind of absorbs the big inventory number. and stocks have delinked. >> i'm sticking with the make america great rally. you scratch below the surface but it's good for moment. >> you can catch rob's selected breaking view content if you're a subscriber to cnbc. go to cnbc.com. that does it for "closing bell." "fast money" begins right now. >> thank you, kelly. >>> live from the nasdaq market sites, times square, i'm melissa lee. we have the strategist who cut his target on the s&p just before the stocks saved the his -- staged the historic comeback. something happened in the market and it can signal the all clear to buy the stocks and why some technicians are down right giddy. later, the man who called the demise in valiant is taking aim at tesla. you will not

i mean, i was kind of -- there were two calls last night, the box call, aaron levy, and this call. they're both young companies and the calls were terrific. they were great. they were very uplifting. you know, i haven't been feeling that well. i got on these calls, i felt much better! >> that's good. of course, box doesn't need to share their ceo. did you hear anything on that front that satisfied you from dorsey? >> you know, look, dorsey is still -- he has a lot more time than i have. i mean, i'm up 18 hours a day. i guess he just, maybe he's on some sort of drug that makes it so he doesn't have to sleep. >> i don't know. interesting story today in the "wall street journal" about the challenge of falling stock prices for companies such as twitter and how they're meeting that challenge while trying to basically make good, if you will, on the stock compensation part of that by -- >> twitter paying more as a percentage of revenue -- >> than almost anybody at what, 30%. that was a very high number in terms of the stock compensation in terms of revenue. >> $200,000 to stick around for

plastic to keep this levy from leaking because right there could be flooded as the water keeps rising 1:02:04when the sand bags start coming out.. it's pretty clear things are getting bad aaron 1:54:20 from here on south it's called red chute bayou :22only seniors in high school mcelroy can only watch..they have seen it bad before..laura 1:52:06 a long time ago they had to rebuild the bridge because it completely flooded over the bridge :11 this is getting worse.aaron 1:51:37 this rain like i told her is like salt in the wound it's more rain on top of the problem that's already here :41 they've been out of school for three days now because of historic flooding near shreveport, louisiana.aaron 1:50:46 the neighborhoods have been under water and some people can't even get to school :49the rain has slowed down a bit.. but the problem keeps growing.aaron 1:53:41 when it goes over the levy back over there other bayous it will feed off into them and make them flood over :47 this whole area lousiana like this is just flood plains :51 when it gets over a certain point it's not good :53 laura last time it flooded they had sand bags put up all along there and those houses were startin