|Bid||26.22 x 900|
|Ask||26.36 x 900|
|Day's Range||26.18 - 27.02|
|52 Week Range||24.78 - 43.50|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.23|
Eventbrite's market cap at the end of its first day of trading was $2.8 billion, well above its last private valuation of $1.5 billion. Here's a look at five other Bay Area tech companies with similar success this year and three more who hope to join the parade.
Dropbox (DBX) appears to be exploring a venture into the digital signature market, which consulting firm Stratistics MRC says is expanding at the rate of 30.0% annually. TechCrunch noted that Dropbox recently distributed a survey, seeking opinions from its customers about a new feature called “E-Signature from Dropbox.”
In this article I am going to calculate the intrinsic value of Dropbox Inc (NASDAQ:DBX) by taking the expected future cash flows and discounting them to today’s value. I willRead More...
Pot stocks like Canopy Growth Corp (NYSE:CGC) have been on absolute fire lately. Are pot stocks becoming the next crypto-craze, dare we say? I don’t know if I’d go that far with Canopy Growth stock, but its ascent has surely attracted plenty of attention.
NEW YORK, NY / ACCESSWIRE / September 10, 2018 / Wall Street plunged on Friday after the Trump administration announced tariffs on another $267 billion worth of Chinese goods, pressuring the S&P 500 and ...
Box is a rare example of a unicorn that has successfully transformed itself as a public company, moving from monthly subscriptions to big enterprise deals
Shares of Dropbox Inc. (dbx) are on track to close at a new all-time low, as the stock continues its steady decline since the company's mid-August earnings report. The stock reached a new intraday low of $25.19 in Thursday's session and are currently trading at $25.44. The stock's Thursday decline comes as shares of peer Box Inc. (box) are up 2.5%.
Chinese electric car maker Nio, whose U.S. headquarters is in San Jose, is set to go public next week. It will be the 19th IPO this year from a company with a headquarters in the region and there are five more lined up to follow it.
As expected, August has been fairly quiet for the initial public offering (IPO) market. This is usually the case as many investors are on vacation. For the most part, the next batch of upcoming IPOs won’t hit until around mid-September.
It has been a great year for growth stocks, especially high-profile ones. Just look at the gains for operators like Amazon.com (NASDAQ:AMZN), Netflix (NASDAQ:NFLX) and Apple (NASDAQ:AAPL).
Dropbox’s IPO price was $21. The stock is currently trading at $27.16, which indicates a 29% rise compared to the company’s IPO price. Dropbox has generated returns of -2.2% in the last one month and -4% in the last five trading days.
Dropbox’s (DBX) revenues rose 27% YoY (year-over-year) in Q2 2018. Revenue rose 28% in Q1 as well. Analysts expect Dropbox to post revenue of $1.37 billion in fiscal 2018. Revenue is estimated to rise 16% YoY to $1.59 billion in fiscal 2019, 14.4% to $1.82 billion in fiscal 2020, and 13% to $2.06 billion in fiscal 2021. Analysts also expect the company’s revenue to rise 28% YoY to $0.41 in fiscal 2019 and increase at a CAGR (compound annual growth rate) of 16.3% over the next five years.
In the previous part of this series, we saw that Dropbox’s (DBX) paid users grew from 9.9 million in Q2 2017 and 11.5 million in Q1 2018 to 11.9 million in Q2 2018, which indicates growth of 20% YoY (year-over-year) and 3.5% sequentially. This quarterly rise of 400,000 subscribers led Deutsche Bank (DB) analyst Karl Keirstead to raise concerns over the declining growth for Dropbox’s customer base. According to Keirstead, the paid subscriber user growth was lower compared to earlier growth of between 500,000 and 600,000 users per quarter.
Dropbox stock rose 28.6% from $26.77 at the end of July to $34.43 on August 9. Non-GAAP (generally accepted accounting principles) EPS (earnings per share) were $0.11 in Q2. Analysts expected the company to post revenue of $331.4 million with earnings per share of $0.06 in the second quarter.
Dropbox (NASDAQ:DBX) is not a threat since they concentrate on the consumer, unlike Box, which targets businesses. Dropbox recently reported earnings and it, too, was punished hard on the headline. It’s not yet a certainty that BOX will be a dominant player, but for as hot as the industry has been, I’m willing to bet that it can carve a niche for itself.
NEW YORK, Aug. 29, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Cohu, ...
This was the case with Splunk and Dropbox. Splunk shares soared after the company reported second quarter results. Shares of Dropbox headed into the red as a company lockup expired allowing some insiders and employees to sell shares.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said XPO Logistics Inc (NYSE: XPO ) is a buy. He added that its CEO, Brad Jacobs, is doing a fantastic job. Instead of ACADIA Pharmaceuticals ...
Dropbox Inc. could be subjected to a bout of selling with a lockup on the stock expiring Friday. Some employees and insiders at the cloud-data storage company will get their first chance to sell since the March initial public offering. About 18 percent of outstanding shares are held by insiders, according to data compiled by Bloomberg.
U.S. startup incubator Y Combinator said it is establishing a China unit, its first dedicated overseas office, which will be headed by Baidu Inc's former chief operating officer Qi Lu. "China has been an important missing piece of our puzzle -the entrepreneurial energy and talent there is an amazing force. Qi will be able to take what makes YC work and adapt it for China," Sam Altman, president of YC Group said in a blog post.