24.40 -0.03 (-0.12%)
After hours: 6:07PM EDT
|Bid||24.44 x 4000|
|Ask||24.43 x 800|
|Day's Range||24.39 - 25.17|
|52 Week Range||18.50 - 34.95|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.27|
Dropbox, Inc. (DBX), a leading global collaboration platform, announced today that it will report financial results for the second quarter ended June 30, 2019 after market close on Thursday, August 8, 2019. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. Dropbox is a leading global collaboration platform that's transforming the way people and teams work together.
eBay (EBAY) reports impressive second-quarter results on the back of strong GMV growth, advertising revenues and solid cost-cut efforts.
Otter.ai, creator of Otter Voice Meeting Notes, an AI-powered live transcription and collaboration app has partnered with Dropbox, Inc. (DBX), a leading global collaboration platform, as one of Dropbox’s media integrations announced today. The Otter integration is now available to Dropbox users.
Zacks.com featured highlights include: United States Cellular, Dropbox, Chipotle Mexican Grill and Molina Healthcare
Semtech's (SMTC) LoRa devices will be integrated into HWM's smart water meter solutions to improve operations and reduce management costs.
Avis Budget, Kohl???s, Dropbox, ServiceNow and Veeva highlighted as Zacks Bull and Bear of the Day
Box (BOX) has been chosen by NEC as its content management platform to reform work initiative and promote digital transformation.
Lady Gaga is soon going to launch the highly anticipated beauty brand ??? Haus Laboratories ??? via Amazon (AMZN), which will in turn expand its share in the cosmetic business.
IBM's blockchain, cloud and ML capabilities, among others poises its offerings well to gain robust adoption. Also, synergies from acquisition remains a tailwind.
Cisco (CSCO) is benefiting from its expanding footprint in the rapidly growing security market. Also, partnerships and acquisitions will boost the company's revenue base.
Sharing files through Dropbox is not a new concept. For years, the company has made it pretty easy to share any file or folder stored in your Dropbox with others, regardless of whether or not they have an account of their own. A new feature called Dropbox Transfer (launching in private beta today) aims to remove the last bits of friction from that process by focusing specifically on sending files, not necessarily collaborating on them.
(Bloomberg) -- Burak Alici, a veteran Morgan Stanley mutual fund manager, is starting his own firm to invest in public and private companies through a permanent-capital vehicle, according to a person familiar with the matter.Qvidtvm Inc. is seeking to raise $100 million to $200 million, using a C-corp structure that caters to family offices in which investors lock up capital for years, said the person, who asked not to be identified because the firm hasn’t officially launched. The vehicle, which the firm plans to list as a publicly traded conglomerate, will focus on equity investments in consumer goods, industrials and digital companies.Alici, 43, left Morgan Stanley Investment Management earlier this year after working there since 2007, managing the Global Discovery Portfolio. The fund has outperformed about 97% of its peers in the past three years, helped in part by bets on Bernard Arnault’s Christian Dior SE as well as early investments in Dropbox Inc., Airbnb Inc., Blue Bottle Coffee Inc. and Palantir Technologies Inc., the controversial data-mining company co-founded by Peter Thiel.He is bringing Morgan Stanley alumna Nina Murphy with him as chief operating officer as well as Max Schwendner, formerly of JPMorgan Chase & Co., as director of private investments, the person said. The team has started investing as it raises funds, taking a stake in Italian coffee company Ditta Artigianale.Representatives for Qvidtvm and Morgan Stanley declined to comment.The firm, whose name comes from a Latin phrase translated as what next, is launching at a time when more investors are willing to make longer-duration capital commitments to seek better returns. They’re wagering that buying equity in companies in the private market and tying that money up as the investment matures will yield more than the shorter holding period of hedge funds, for example. Warren Buffett built his Berkshire Hathaway Inc. around such a buy-and-hold model of investing.The Turkish-born Alici holds degrees from Columbia University, Boston College and Bogazici University in Istanbul. He will be based in Texas, while the rest of the investment team is in New York.To contact the reporter on this story: Nikolaj Gammeltoft in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Nikolaj Gammeltoft at email@example.com, ;Alan Mirabella at firstname.lastname@example.org, Josh Friedman, Dan ReichlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- CloudFlare Inc., an internet service meant to protect websites from going down, faced its own network issues Tuesday, leading to several prominent sites -- like blogging platform Medium and video game chat provider Discord -- being unavailable for some time.A bug in CloudFlare’s software caused one part of its network to suck up computing resources from the rest of the company, leading thousands of websites around the world that rely on CloudFlare to go offline for as long as 30 minutes, Chief Executive Officer Matthew Prince said in an interview. The problem wasn’t because of an outside attack, as was earlier speculated, Prince said.“This was entirely our mistake,” Prince said. “We let the internet down today.”The episode underscores how many services have come to rely on CloudFlare. The system works by effectively acting as a buffer between a website and the end user, making sure to block attacks that could bring a site down by overloading it. A bug in CloudFlare’s firewall made its own software think it was under attack. It pulled computing power from other company products to shore up defenses, as it was programmed to do. But the system took so many resources it starved other CloudFlare products that help other companies deliver their web pages to people around the world, hence the outages.“We misdiagnosed this initially as an attack and that wasted precious minutes,” Prince said. Once they realized what the problem was, they sequestered the software bug and the system quickly returned to normal.Websites in Europe and eastern North America were hit the worst because it was day time and more people were online. Other websites that were affected include small business commerce platform Shopify Inc., music service SoundCloud Ltd., Bitcoin trading platform Coinbase Inc. and online storage site Dropbox Inc.Even the service that tracks online outages, Down Detector, crashed.(Updates with comments from CloudFlare CEO in second paragraph.)To contact the reporter on this story: Gerrit De Vynck in New York at email@example.comTo contact the editors responsible for this story: Jillian Ward at firstname.lastname@example.org, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
When the market capitalization of Microsoft Corporation (NASDAQ: MSFT) topped the $1 trillion mark, investors barely noticed. And why should they? MSFT stock is up about 33.5% in 2019, beating Alphabet's (NASDAQ: GOOGL) 5% 2019 return but just ahead of Apple's (NASDAQ: AAPL) 28% jump. Still, Microsoft has strong revenue momentum as it grows its cloud software and enterprise business and prepares to implement a video- console refresh in 2020. MSFT's Notable AchievementsSource: Shutterstock Microsoft's LinkedIn unit grew its job listings from 300,000 five years ago to 20 million in May 2019. The strong activity justifies the over $26 billion that MSFT paid for the website in 2017. But the professional social network's value to the owners of MSFT stock goes beyond numbers. As a data asset, it gives Microsoft valuable connections and a venue for advertising its own business software. Additionally, MSFT can use its own relationships with companies to sell LinkedIn's products, boosting Microsoft's sales and MSFT stock in the process. And as MSFT adds AI to LinkedIn's sales tools, demand for them will accelerate further. * 7 Restaurant Stocks to Put on Your Plate In the video-game console space, Microsoft announced a refresh to its Xbox. Known as "Project Scarlett," the new console will have 8K video, support up to 120 frames per second, have a faster NAND-based storage drive, and will use AMD's (NASDAQ: AMD) chips. Instead of selling the new consoles at today's price range of $399 - $499, Microsoft may lower the price. Since the games played on the console will be streamed, it requires less storage and memory. As a result, the consoles will be less costly to build. The console's lower prices may drive unit sales higher, allowing Microsoft to enjoy higher profits from game sales and providing another positive catalyst for MSFT stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Continued Growth Ahead for MicrosoftThe deep integration between Azure, MSFT's cloud business; Microsoft 365, its Office and Windows enterprise subscription business; and Dynamics, its other business software apps, brings many advantages. Customers may now perform deep learning through Power BI, which is part of Office 365. Native communications can also be utilized through Office 365. Dynamics 365 offers artificial intelligence. On other companies' platforms, customers may suffer from fragmented solutions. This increases costs due to lower efficiency and productivity. Digital TransformationCustomers may consider DocuSign, Inc. (NASDAQ: DOCU) or Dropbox, Inc. (NASDAQ: DBX) for fulfilling their various digital-transformation needs. But MSFT has decades of experience and offers custom solutions for its big customers.At its Business Apps Summit, Microsoft introduced its integrated tools for digital transformation. Among those tools are the Dynamics 365 Virtual Agent, new AI capabilities that were added to Power BI, and general improvements to both Power BI and PowerApps.PowerApps is a great opportunity for MSFT and MSFT stock. The company can easily get many more developers to enhance PowerApps. As more enterprise applications are developed on the platform, revenue from this segment will grow considerably, providing another positive catalyst for MSFT stock. Valuation23 analysts have an average price target of $144 on Microsoft stock, per Tipranks. That's a conservative target, as it's just 6.6% above the current price of MSFT stock. But on the other hand, the valuation of MSFT stock is on the high end, as its price-earnings ratio is about 30\. And a 5-year EBITDA Exit model suggests a similar fair value for Microsoft stock of around $142. The Bottom Line on MSFT StockMicrosoft stock has been on an uptrend throughout 2019. Except for elevated valuation risks, there's no reason for Microsoft stock to fall. Those looking for a solid technology stock should consider buying Microsoft. The stock will be especially attractive if it happens to dip to $120 - $125.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 F-Rated Stocks to Sell for Summer * 7 Stocks to Buy for the Same Price as Beyond Meat * 7 Penny Marijuana Stocks That Are NOT Cheap Stocks The post Microsoft Stock Is Still Compelling After Recent Rally appeared first on InvestorPlace.
Of the 12 analysts tracking Dropbox (DBX), seven have recommended “buys,” four have recommended “holds,” and one has recommended a “sell” on the stock.
One of Dropbox’s (DBX) key metrics is its paying subscriber growth. At the end of the first quarter, Dropbox had 13.2 million paying users, up from 11.5 million in the first quarter of 2018.