DBX - Dropbox, Inc.
| Previous Close | 18.61 |
| Open | 18.60 |
| Bid | 18.41 x 2900 |
| Ask | 18.63 x 800 |
| Day's Range | 18.41 - 18.64 |
| 52 Week Range | 16.08 - 26.49 |
| Volume | 4,036,000 |
| Avg. Volume | 4,075,668 |
| Market Cap | 7.696B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.14 |
| Earnings Date | Feb 19, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 28.50 |
- MarketWatch
It isn’t 1999—the party’s not over for tech stocks yet, Goldman says
Goldman Sachs analysts believe there’s still upside in tech stocks, even if other observers compare the current moment to the bursting of the dot-com bubble two decades ago.
- Zacks
Dropbox (DBX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Dropbox (DBX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Yahoo Finance
Short-seller calls Dropbox a 'slowly melting business,' sees 25-60% downside
A forensic accountant, Ben Axler has some questions about the cash flow statement.
- Business Wire
Aragon Research Positions HelloSign in the Leader Section of the Globe for Digital Transaction Management, 2020
Dropbox (NASDAQ: DBX) today announced that HelloSign, a leading eSignature and digital workflow platform, has been positioned by Aragon Research, Inc. in the Leader section of the Globe for Digital Transaction Management (eSignature), 2020.1
- American City Business Journals
Finnish startup to expand Boston presence after raising $40M
Aiven, a Finnish provider of managed cloud service hosting for software infrastructure services, is planning an expansion of its currently limited Boston presence following the closing of a $40 million round of funding.
- Barrons.com
Dropbox Stock Will Fall Because Everyone Is Getting Into Cloud Storage, a Bear Says
Once the quintessential Silicon Valley software unicorn, “Dropbox is a decelerating business in an increasingly low value-added space,” short seller Ben Axler wrote.
- Benzinga
Zuckerberg's Friend Dropbox CEO Houston Joins Facebook Board Of Directors
Drew Houston, CEO and co-founder of Dropbox Inc. (NASDAQ: DBX), has been appointed to Facebook Inc.'s (NASDAQ: FB) board of directors. The addition of Houston, who is a close friend of Mark Zuckerberg, CEO and founder of Facebook, brings the number of male directors of Facebook to six, while there are two female directors on the eight-member board.
- American City Business Journals
Dropbox CEO Drew Houston joins Facebook board
Dropbox Inc. CEO Drew Houston has joined the board of directors at Facebook, effective immediately, the social media giant said Monday. "He thinks deeply about where technology is going and how to build a culture that delivers services that always work well.” Facebook has long faced criticism of the outsized control held by Zuckerberg, who possesses about 60 percent of Facebook's voting shares.
- MarketWatch
Facebook adds Dropbox CEO to board
Dropbox Inc. Chief Executive Drew Houston is joining the Facebook Inc. board, effectively immediately, Facebook said late Monday. In a statement Facebook CEO Mark Zuckerberg said, "Drew brings valuable perspective to our board as a leader of a technology company with services used by millions of people and businesses. He thinks deeply about where technology is going and how to build a culture that delivers services that always work well." Facebook stock rose 1.1% during the regular session Monday as Dropbox stock closed up 0.7%. The S&P 500 index rose 0.7%.
- Bloomberg
Facebook Names Dropbox Chief Executive Drew Houston to Board
(Bloomberg) -- Dropbox Inc. Chief Executive Officer Drew Houston is joining Facebook Inc.’s board.Houston, who co-founded file-sharing software company Dropbox in 2007, is a friend of Facebook CEO Mark Zuckerberg. Houston has in the past turned to Zuckerberg for help running his own company. “He’s given me a lot of advice on company scaling,” Houston told Bloomberg’s Emily Chang in 2015. “How do you organize people? How do you set up these systems?”As a director of the world’s largest social-media company, Houston will be responsible for advising Zuckerberg. Still, Facebook’s dual-class stock structure means that Zuckerberg has a controlling ownership stake in Facebook, putting the board’s actual influence in question. Zuckerberg’s iron-clad authority over the company is one of the central issues each year at Facebook’s annual shareholder meeting.“Drew brings valuable perspective to our board as a leader of a technology company with services used by millions of people and businesses,” Zuckerberg said. “He thinks deeply about where technology is going and how to build a culture that delivers services that always work well.”Houston will be the board’s eighth member, and the first to join since lead independent director Sue Desmond-Hellmann left last October. Houston won’t be the company’s lead independent member, however, and Facebook is still looking for Desmond-Hellmann’s replacement, a company spokeswoman said.“It’s been inspiring to watch Facebook grow into a platform that reaches billions of people around the world,” Houston said in a statement provided by Facebook. “I’m looking forward to working with Mark and the rest of the Board on the many opportunities and challenges ahead.”To contact the reporter on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- American City Business Journals
Tech firms dominate the biggest S.F., Oakland leases over past 5 years
Last year's largest San Francisco office lease was 490,000 square feet and was just approved by the San Francisco Planning Department in July.
- Bloomberg
Dropbox Names Google Cloud’s Olivia Nottebohm Chief Operating Officer
(Bloomberg) -- Dropbox Inc. has named Google Cloud executive Olivia Nottebohm to the chief operating officer post that has been vacant for the past 16 months at a time the file-syncing software maker navigates what it considers the largest product overhaul in company history.Dropbox, which invented the market for software that synchronizes and shares files over the internet, is trying to remake its strategy around a workspace app called Spaces that houses Dropbox files and works with productivity software from companies like Slack Technologies Inc. and Atlassian Corp. The strategy puts the San Francisco-based company in closer competition with Microsoft Corp. and Nottebohm’s former employer Alphabet Inc.’s Google in the battle over whose software owns more of workers’ time and devices.Nottebohm said part of her role will be to sell this new model for Dropbox to its customers. She expects the idea of helping users combine data and tasks from different places into one workspace will have a strong appeal to customers who have to switch among various apps in their work and personal lives.“As a mother my whole day is fragmented, and I am constantly switching frames,” she said. “The vision of de-cluttering in a work environment is a very powerful message. We see in our customers that they are constantly changing frames and topics.”Dropbox’s revenue growth is projected by analysts to slow over the next two years and the stock remains below its 2018 IPO price, with shares down about 30% in the past 12 months. Chief Executive Officer Drew Houston is looking for ways to broaden the business from a file-sharing app to a larger slice of the overall market for productivity software. At Google Cloud, Nottebohm was a vice president responsible for sales to small- and medium-sized businesses, among other duties. Former COO Dennis Woodside left Dropbox in September 2018 after working on projects like expanding the company’s sales force to target larger customers and building its own cloud to wean much of its data storage from Amazon.com Inc.’s Amazon Web Services cloud unit. When Woodside left, the company said the role wouldn’t be filled. Nottebohm’s hiring is the latest in a series of executive changes at Dropbox in the past year. Last month, Chief Customer Officer Yamini Rangan stepped down. In October, Chief Technology Officer Quentin Clark left and was replaced by Bharat Mediratta and the company named Timothy Young as senior vice president for core product. To contact the author of this story: Dina Bass in Seattle at dbass2@bloomberg.netTo contact the editor responsible for this story: Andrew Pollack at apollack1@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- Business Wire
Dropbox to Announce Fourth Quarter and Fiscal 2019 Earnings Results
Dropbox, Inc. (NASDAQ: DBX), the world’s first smart workspace, announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2019 after market close on Thursday, February 20, 2020. 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.
- Zacks
3 Growth-Focused Tech Stocks to Buy to Help Boost Your Portfolio in 2020
Tech has clearly been the home of growth stocks for years. So let's take a look at three growth-focused tech stocks that we found with our Zacks Stock Screener that investors might want to buy right now...
- Zacks
Enterprise Communication Gains Steam: Watch MSFT, WORK, CSCO
Enterprises are focusing on enhancing workspace communication to boost productivity, which puts Microsoft and Slack under the spotlight.
- Simply Wall St.
Is There An Opportunity With Dropbox, Inc.'s (NASDAQ:DBX) 31% Undervaluation?
Does the January share price for Dropbox, Inc. (NASDAQ:DBX) reflect what it's really worth? Today, we will estimate...
- American City Business Journals
Former YC chief Sam Altman lost a bold bubble bet made in 2015. Now he must pay $100,000
Last year's disappointing IPO by Uber Technologies Inc. is the biggest factor in Sam Altman's lost bet. But it was just one of six unicorns that he projected would be collectively valued at $200 billion or more by 2020.
- Kiplinger
The 11 Best Growth Stocks to Buy for 2020
Growth stocks had a long runway in 2019, despite long stretches of volatility thanks to seesaw trade relations with China and a consistently strong dollar weighing on results. And as in most years, 2020 should provide plenty of opportunity for growth investments to thrive yet again.If you're wondering where to start your search, just zoom in on hot or emerging trends.Mobile payments, for instance, are expected to account for one out of every four dollars spent on American credit cards in 2020. Software has firmly supplanted hardware as the technology sector's driver thanks to the more consistent revenues it drives. And increasing sums are being spent on cloud computing, where remote servers are being leaned on to manage and process large troves of data.Technology isn't the only place you'll find growth stocks in 2020, however. Advances in medicine make the health-care sector a source of high growth, too, and you can even find a couple pockets of explosive potential in the much-maligned retail industry.Here, we explore the 11 best growth stocks to buy for 2020. Most of these companies were on pace to deliver double-digit revenue growth across 2019 - and each is expected to deliver sales improvement of at least 15% during the coming year. SEE ALSO: The 20 Best Stocks to Buy for 2020
- Insider Monkey
How Did Dropbox, Inc. (DBX) Compare Against Top Hedge Fund Stocks in 2019?
Last year's fourth quarter was a rough one for investors and many hedge funds, which were naturally unable to overcome the big dip in the broad market, as the S&P 500 fell by about 4.8% during 2018 and average hedge fund losing about 1%. The Russell 2000, composed of smaller companies, performed even worse, trailing […]
- Zacks
Western Digital Ships Samples of New 20TB and 18TB HDDs
Western Digital's (WDC) latest capacity-optimized enterprise HDDs will address demand for high volume data storage for enterprise workload.
- American City Business Journals
How many chiefs are too many chiefs?
There are now 11 executives holding a “chief” job title in HubSpot’s management team, following the addition of the company’s first-ever chief customer officer. For comparison, enterprise software maker PTC Inc. counts only four chiefs.
- Zacks
Dropbox (DBX) Catches Eye: Stock Jumps 5.6%
Dropbox (DBX) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
- American City Business Journals
Google search could lead to largest office lease ever in San Francisco
The tech giant is looking at gobbling up more than a million square feet in a forthcoming waterfront mega project.
- Yahoo Finance
The 5 largest IPOs of the 2010s
The 2010s saw some huge companies hit the public markets. These, though, pulled in so much cash they're in a different class altogether.
- Schaeffer's Investment Research
Breaking Down the Hectic Dropbox Options Activity
DBX implied volatilities are low at the moment
