DBX - Dropbox, Inc.
| Previous Close | 24.05 |
| Open | 23.69 |
| Bid | 23.46 x 3200 |
| Ask | 23.45 x 4000 |
| Day's Range | 23.22 - 24.00 |
| 52 Week Range | 18.50 - 43.50 |
| Volume | 4,483,308 |
| Avg. Volume | 3,733,279 |
| Market Cap | 9.646B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.07 |
| Earnings Date | Aug 7, 2019 - Aug 12, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 32.42 |
- Yahoo Finance Video•last month
Dropbox outperforms, a sad picture at AMC Entertainment, Ford gets upgraded
Dropbox, AMC Entertainment, Ford, Anheuser-Busch InBev and Boston beer are the companies to watch.
- Bloomberg•4 days ago
Slack Listing Likely to Value It at Up to $17 Billion
The expected value is up from the $7.1 billion in its last private funding round in August. It’s similar to the company’s share sales on the private market, where in April investors were snapping up stock at prices that would give the company a valuation of about $16 billion. A spokeswoman for Slack declined to comment.
- MarketWatch•4 days ago
Dropbox unveils workspace apps to take on Google, Microsoft
Dropbox Inc. radically revamped its software lineup Tuesday in a bold bid to take on Microsoft Corp. and Google for supremacy in the market for productivity.
- Yahoo Finance•4 days ago
How Dropbox is working with Slack, Google, and Zoom to make you a better employee
Dropbox wants to make employees better workers — and ultimately, paid users.
- American City Business Journals•5 days ago
Dropbox delivers one-two punch with major overhaul
The San Francisco-based storage and collaboration platform company hits its competition with its largest product redesign in its 12-year history and positions itself to further goose up revenue.
- Bloomberg•5 days ago
Dropbox Overhauls Software, Upping Rivalry With Microsoft, Google
Dropbox is promoting a new desktop workspace and updates to its web site and mobile app to combine different files, work software and teams of employees. Customers will be able to create, access and share Google documents, spreadsheets and slides and open Microsoft Office files, according to a presentation by Chief Executive Officer Drew Houston at an event Tuesday in San Francisco. The company also announced deals with other partners including Slack Technologies Inc., Zoom Technologies Inc. and Atlassian Corp. that will help Dropbox expand into popular areas of workplace functions and capture more of employees’ time as they build, share and work with software files.
- Engadget•5 days ago
Dropbox's big redesign makes it a lot more useful at work
Dropbox is getting an overhaul. At an event in San Francisco, CEO Drew Houston announced that starting today, Dropbox will be a lot more integrated into other aspects of your work life. The new interface aims to centralize your contacts, calendar, communication, tools and more in a single space. The company gave us a sneak peek at the potential of this a few months ago when it allowed its enterprise users to edit Google Docs within Dropbox. Today, however, that ability is now available to all Dropbox users.
- Reuters•5 days ago
Dropbox revamps its software to combine work tools in one spot
The company's new "workspace," announced at an event held in San Francisco, will let users create and share documents from Microsoft Corp's Office suite and Alphabet Inc's Google Docs from the main Dropbox window, as well as start conversations in services like Slack Technologies Inc or Zoom Video Communications Inc. Dropbox, which started by charging for storage space, now has higher-priced plans for professional users that make more money off features like the ability to make the text in scanned documents searchable.
- Business Wire•5 days ago
Dropbox Introduces New Workspace to Bring Files, Tools, and Teams Together
Today Dropbox, Inc. (DBX), a leading global collaboration platform, unveiled a new integrated workspace, the biggest user-facing change in the company’s history. The update includes early access to a new desktop app designed to provide a convenient new access point to the workspace.
- Simply Wall St.•5 days ago
Can We See Significant Insider Ownership On The Dropbox, Inc. (NASDAQ:DBX) Share Register?
The big shareholder groups in Dropbox, Inc. (NASDAQ:DBX) have power over the company. Institutions will often hold...
- TechCrunch•5 days ago
Dropbox relaunches as an enterprise collaboration workspace
Dropbox is evolving from a file-storage system to an enterprise softwareportal, where you can coordinate work with your team
- Benzinga•11 days ago
Najarian Brothers See Unusual Options Activity In Gold, Pan American Silver And More
On CNBC's "Fast Money Halftime Report," Jon Najarian spoke about VanEck Vectors Gold Miners ETF (NYSE: GDX). Najarian explained that this is a bearish bet because SQQQ is the short ETF and he thinks the trade might be a protection. Pete Najarian spoke about Dropbox Inc (NASDAQ: DBX).
- InvestorPlace•11 days ago
10 Stocks to Buy That Could Be Takeover Targets
M&A activity continues to be reasonably strong and it should stay that way. Corporations remain flush with cash, borrowing rates are low, and the U.S. stock market sits not far off all-time highs. As a result, investors are looking for takeover targets: stocks to buy on hopes that they will be acquired, usually at a large premium to the trading price.That said, relying solely on takeover hopes is a risky strategy. It only takes one acquirer to lead to big gains, but even finding just one can be difficult. Rumors of acquisitions don't always pan out. And if a premium is priced into a stock, and a buyout doesn't come through, the declines can be steep. * The 10 Best Stocks for 2019 -- So Far These ten stocks look like attractive takeover targets. But they also have reasonably strong underlying bull cases. In other words, an acquisition might be the best-case scenario, but there are paths to upside, even if a buyer doesn't emerge.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Dropbox (DBX)Source: Shutterstock The question for cloud provider Dropbox (NASDAQ:DBX) is reasonably simple. Are rivals going to buy the company for its market share, or try to take that share for themselves?At InvestorPlace, Will Healy took the bearish side, comparing Dropbox to America Online (now owned by Verizon Communications (NYSE:VZ)). Giants like Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) all are targeting the same storage space.But Dropbox has carved out an impressive niche, with a user base over 500 million. And one of those giants could easily leap forward by buying Dropbox out in a deal that probably would cost a reasonable $12-$15 billion. In the meantime, DBX stock isn't terribly expensive given its growth, at 39x next year's earnings-per-share estimates. And a big first-quarter report alongside raised full-year guidance suggests it's more than holding its own in a growing market. Diamondback Energy (FANG)Source: Shutterstock Diamondback Energy (NASDAQ:FANG) is one of the operators in the Permian Basin, which makes it a potential takeover target at the moment. Indeed, FANG shares gained nicely last month after Chevron (NYSE:CVX) announced its plan to acquire Anadarko Petroleum (NYSE:APC).The thesis was that Chevron's bid would be the first of many in a suddenly hot U.S. shale industry. The fact that Occidental Petroleum (NYSE:OXY) wound up outbidding Chevron for Anadarko only added to the optimism. * 10 Heavily Shorted Stocks to Sell -- Because the Bears Are Right A recent downturn in oil prices has brought FANG back to Earth, but also made its valuation more reasonable. Dana Blankenhorn detailed the standalone case for the stock back in February at modestly higher prices. Since then, a big Q1 report and a $2 billion share buyback program have only strengthened the case. Diamondback is a valuable play on U.S. shale, and it could see a big gain if other oil majors want to build on their presence in the Permian. William Lyon Homes (WLH)Source: Shutterstock Last year, I highlighted William Lyon Homes (NYSE:WLH) as one of three homebuilders that could be an acquisition target. The sector had seen M&A, with Lennar (NYSE:LEN) acquiring CalAtlantic and Taylor Morrison (NYSE:TMHC) taking out AV Homes. Valuations were cheap, though they got cheaper as 2018 went on before a rally in 2019.And it looks like William Lyon might be open to a deal. Last month, the WLH board allowed founder and CEO William Lyon to discuss a potential sale of the company with outside investors. A strong Q1 report helped as well, leading WLH shares up 13%.But there's more potential upside ahead. WLH shares have given back some of the gains in recent trading. They still sit some 40% below early 2018 highs, and trade at less than 8x earnings. If CEO Lyon can find a buyer, WLH shares could soar. If he can't, investors buying at this price could win anyway. XPO Logistics (XPO)Source: via XPO Logistics (Modified) Investors in XPO Logistics (NYSE:XPO) could use some good news. XPO shares plunged during the market sell-off last year, and they haven't recovered. A short-seller report questioning the company's accounting added to the pressure. So did disappointing earnings and the loss of Amazon as a customer.But XPO is reacting. XPO has paused its long-running M&A efforts, with its CEO telling the Wall Street Journal that the declining share price actually led it to back off a potential acquisition. Instead, XPO is buying back its own stock at the new, lower prices. * 7 Small-Cap ETFs to Buy Now At those prices, XPO could become a takeover target. Jefferies (NYSE:JEF) made exactly that argument in late March. Home Depot (NYSE:HD) reportedly considered a deal in late 2017, which raised hopes of a bidding war. At these levels, Home Depot or another strategic acquirer could be more incentivized to step in. If they don't, buybacks and a cheap multiple to earnings suggest XPO could rally once investor sentiment begins to turn. Alexion Pharmaceuticals (ALXN)Source: Alexion Pharmaceuticals Investors could be forgiven for running out of patience with Alexion Pharmaceuticals (NASDAQ:ALXN). Over the years, Alexion has been rumored as a potential target for companies, including Amgen (NASDAQ:AMGN), Roche (OTCMKTS:RHHBY), Pfizer (NYSE:PFE) and Novartis (NYSE:NVS), among others. Elliott Management, who has a history of agitating for sales, took a stake in late 2017, which only added to the speculation.Genetic Engineering & Biotechnology News, including Alexion on its 2019 list of targets in biopharma and cited an analyst claim that BioMarin Pharmaceutical (NASDAQ:BMRN), itself a long-rumored takeover target, could be interested. As another analyst put it, Alexion's $25 billion market cap is "Goldilocks-sized". It's big enough to move the needle, but not so big as to be a "bet the company" type of deal.That said, takeover speculation hasn't done much for ALXN stock. The stock sits well below 2015 highs above $200. It has traded pretty much sideways for three years now.Yet that weak trading has come even as earnings have grown, leaving ALXN reasonably cheap. The stock trades at under 11x 2020 EPS estimates. With Ultomiris succeeding the company's flagship Soliris, earnings should stay solid for years to come. Meanwhile, a recent pullback leaves the stock well below analyst estimates. The average target price of $163 suggests 44% upside.A takeover may finally come, particularly with Ultomiris on the market. But if it doesn't, ALXN is cheap enough to gain on its own. Domino's Pizza (DPZ)Source: Shutterstock I wrote in March that Domino's Pizza (NYSE:DPZ) was simply too cheap. DPZ shares have gained since then, but even 14% higher still look attractive. This remains one of the best operators in the entire restaurant industry. And Domino's continues to take share from rivals like Papa John's International (NASDAQ:PZZA) and Yum! Brands (NYSE:YUM) unit Pizza Hut.Meanwhile, there's the potential for a takeover from an obvious suitor: Restaurant Brands International (NYSE:QSR). Cowen (NASDAQ:COWN) predicted a QSR-DPZ deal in February and it makes quite a bit of sense. Restaurant Brands has said it wants another brand on top of Burger King, Tim Hortons and Popeyes, which it acquired back in 2017. Those concepts could benefit from Domino's best practices and potentially the company's delivery expertise. * 7 Retail Stocks Winning in 2019 and Beyond Such a deal would be a huge one for Restaurant Brands, admittedly and maybe too big to swallow (pardon the pun). But DPZ, even near the highs, is a wonderful company to own even if Restaurant Brands doesn't make a move. Malibu Boats (MBUU) and Mastercraft Boat Holdings (MCFT)Source: ShortChineseGuy via FlickrShares of both Malibu Boats (NASDAQ:MBUU) and Mastercraft Boat Holdings (NASDAQ:MCFT) have come in quite a bit of late. The issue hasn't been performance: both companies delivered strong earnings reports last month, which covered the key calendar first quarter.Rather, investors are worried about the boating industry and the macroeconomic cycle. Boating demand may be under secular pressure, as younger consumers choose non-motorized alternatives like kayaks and stand-up paddleboards. Meanwhile, investors continue to fear that a recession is on the way, which has historically undercut boat sales.But the declines leave both stocks essentially pricing in the worst: MCFT trades at less than 7x forward earnings, and MBUU less than 9x. Both multiples seem too cheap, as I argued back in March. A rally soon after has fizzled, with both stocks near year-to-date lows.At these levels, both stocks, as well as marine products manufacturer Johnson Outdoors (NASDAQ:JOUT), look too cheap. And it's possible an acquirer could take advantage. Industry leader Brunswick (NYSE:BC) has sold its fitness business and built out its parts and accessories offering, but could look to add high-end market exposure through either company. Private equity could kick the tires, as the cyclical businesses might do better away from the glare of the public markets.The two companies could even consider merging themselves: Malibu and MasterCraft are headquartered less than 30 miles apart. Either way, boating stocks look cheap, and it seems likely that at some point, someone will do something about it. Sprouts Farmer Market (SFM)Source: Shutterstock Grocery store stocks like Sprouts Farmer Markets (NASDAQ:SFM) are struggling. SFM itself has traded sideways for roughly four years now. Industry leader Kroger (NYSE:KR) is down 40%+ from late 2015 levels. Competition and higher freight costs are among the worries looking forward.Even with those concerns, the sector has seen M&A. Amazon, of course, acquired Whole Foods Market back in 2017. United Natural Foods (NASDAQ:UNFI) took out Supervalu last year. And this year, Smart & Final (NYSE:SFS) agreed to go private.Sprouts could be the next grocer to receive an offer. With a market cap of $2.4 billion, it's the right size for a tuck-in acquisition by Kroger or privately held Albertsons. Strong Q1 results show the company is still growing. It has exposure to organic and natural food trends, both of which should be tailwinds going forward. And there's plenty of room for store expansion going forward. * The 10 Best Stocks for 2019 -- So Far Meanwhile, on its own, SFM is hardly expensive, trading at 15x next year's EPS estimates. That's a reasonable valuation even given the low multiples seen elsewhere in the space. It does seem like patient investors can win with SFM longer-term, with the possibility that more immediate returns will come. Xilinx (XLNX)Source: Shutterstock The biggest concern with semiconductor developer Xilinx (NASDAQ:XLNX) is that seemingly everyone already thinks the company is going to be bought out. Speculation goes back for years, yet no buyer has emerged.Meanwhile, XLNX has continued to get more expensive and it still isn't cheap. A 23x forward multiple is hefty for the chip space, particularly with semiconductor stocks taking a beating over the last year. There's likely some level of takeover premium already embedded in the stock, meaning that if a takeover doesn't come, even strong growth may not lead to much upside.That said, there are reasons why Xilinx has been considered such an attractive potential buy. The stock is cheaper after a disappointing earnings report in April sent the stock tumbling. And it's worth remembering that, in the chip space, even obvious targets eventually sold for a solid premium. Mobileye sold to Intel (NASDAQ:INTC) despite valuation concerns. Mellanox (NASDAQ:MLNX) soared earlier this year after receiving an offer from Nvidia (NASDAQ:NVDA).In both cases, investors who ignored valuation worries were rewarded. Particularly after the recent decline, investors in XLNX could see a similar payoff.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 6 Retailers Including Disney Agree to Ditch On-Call Scheduling * The 10 Best Stocks for 2019 -- So Far * 7 Small-Cap ETFs to Buy Now Compare Brokers The post 10 Stocks to Buy That Could Be Takeover Targets appeared first on InvestorPlace.
- Benzinga•11 days ago
A Look At Some Unusually Large Options Trades In Dropbox
Dropbox Inc (NASDAQ: DBX) hit the ground running following its 2018 IPO, with the stock price soaring from its IPO price of $21 to above $43 per share last summer. On Wednesday morning, Benzinga Pro subscribers received several options alerts related to Dropbox. Between 10:01 a.m. and 11:13 a.m., there were four large purchases of Dropbox call options with a $23 strike price expiring on July 19 at ask prices ranging from $1.041 to $1.151.
- Barrons.com•12 days ago
Box Stock Takes a Tumble on Weak Full-Year Guidance
The cloud-content management company’s shares are down 1.8% in 2019 and have fallen more than 37% in the past 12 months.
- MarketWatch•13 days ago
Why Lyft, Uber and other ‘gig economy’ stocks are in trouble now
The "gig economy" is again in focus with another flashy IPO on the horizon. This time it's Fiverr, an Israeli-based startup that recently filed to go public under the ticker FVRR and hopes to raise as much as $100 million. The specific details for Fiverr is that it's a freelance services marketplace with roughly 3 million users at present.
- Motley Fool•18 days ago
Is Dropbox a Buy?
The data storage specialist is nearly back to last year's IPO price. The stock has gone nowhere, but the year ahead looks more promising.
- Engadget•18 days ago
Paid Dropbox users are getting 1TB more storage space today
Dropbox has spent much of the last few years focused on its products for enterprise business, but the company got its start by offering a simple, reasonably priced cloud storage and sync option. With major competition in the space from Google Drive, Microsoft OneDrive and Apple iCloud, Dropbox today is making its plans a bit more enticing. The first Dropbox paid tier, called plus, now has 2TB of storage, double what it had before and the same as you'll get with similar $10/month plans from Google and Apple. The catch is that Dropbox Plus only costs $10 per month if you sign up for an annual plan -- otherwise, you'll now be billed $11.99 per month. That's still a bit more expensive than the competition, but it's definitely closer than it was before. And Dropbox was quick to point out that it makes all its revenue through subscriptions, so it's not selling your personal information. Given the intense interest in user privacy these days, it's not surprising to see them taking an Apple-like stance when comparing its service to Google's products.
- InvestorPlace•25 days ago
The 7 Best Stocks to Buy From the IPO ETF
The IPO market in 2019's been a bit of a Jekyll and Hyde affair with some well-known unicorns such as Lyft (NASDAQ:LYFT) and Uber (NYSE:UBER) disappointing investors while others like PagerDuty (NYSE:PD) and Beyond Meat (NASDAQ:BYND) have exceeded investor expectations. It's never been easy separating the good IPOs from the bad ones. You never know how a stock is going to perform once it's trading in the secondary markets. However, there are two ETFs available to help investors take advantage of the IPO phenomenon on a long-term basis. InvestorPlace - Stock Market News, Stock Advice & Trading TipsOf the two, the First Trust U.S. Equity Opportunities ETF (NYSEARCA:FPX) is the larger ETF with total net assets of $1.1 billion. However, it is the tiny Renaissance IPO ETF (NYSEARCA:IPO) at $42 million in total assets that has a more appropriate methodology for finding the best stocks to buy. That's because IPO primarily adds new stocks on a quarterly basis -- though it can make fast-track additions if the offering is large enough as was the case with Lyft, while FPX adds IPO stocks after the sixth day of trading, which means in the case of Beyond Meat, that the fund is buying shares at hugely inflated prices.The other difference is that FPX holds for four years while IPO kicks IPO stocks out after two years. In my experience, the best time to buy IPO stocks is between 12-24 months after going public. * 7 Safe Stocks to Buy for Anxious Investors So, based on the holdings of IPO, I've selected the seven best stocks to buy for the long haul. VICI Properties (VICI)Source: Shutterstock VICI Properties (NYSE:VICI) is a real estate investment trust that was spun off from Caesars Entertainment (NYSE:CZR) in October 2017. VICI went public on January 31, 2018, at $20 a share. Its first-day return was 4.5%. Since its IPO, VICI shares are up 11.5% through May 15. What's to like about the experiential and gaming real estate portfolio?First, it has a 100% occupancy rate with its tenants (Caesars, Harrah's, etc.) on triple-net leases. That means the tenants pay for all the upkeep on the properties. Secondly, it has a diversified group of revenue streams. Although gaming accounts for 51% of its overall revenue, it gets another 19% from hotel rooms, 18% from food and beverage, and 12% from management fees, etc. I know what you're thinking. VICI is the asset-heavy castoff from Caesars. Caesars keeps the operating contracts and VICI is stuck with assets that are near-impossible to convert from a casino operation should the business go sourThe fact is, VICI's properties generate some of the highest adjusted funds from operations (AFFO) yields in real estate at 6.3%Furthermore, it's got excellent non-gaming external growth opportunities ahead of it to tap into an ongoing desire by consumers to spend on experiences rather than things. Sixteen months into its IPO, it's underperformed. That lack of performance won't last forever. In the meantime, enjoy the 5.1% yield. Roku (ROKU)Source: Roku If you're a cord cutter, you probably are familiar with Roku (NASDAQ:ROKU), the company behind the Roku Channel and its streaming platform that brings together consumers, content publishers, and advertisers for mutual benefit. Roku went public in September 2017 at $14 a share. Its first-day return was 67.9%; its total return since its IPO is 495.3%. I'm not usually a fan of stocks that aren't profitable, but Roku's got a pathway to profitability that's sure to make IPO investors even more money than they've already made. Roku makes money in three ways: advertising, licensing fees from Smart TV makers who license the Roku operating system, and from the sale of streaming players. This trifecta of growth is what's got me so darn excited about its future. I recently stated that an analysts prediction Roku's stock price could triple over the next five years wasn't as crazy as it sounded. That's because Roku continues to grow its user base and hours streamed by 40% or more a quarter. * 5 Great Tech ETFs That Aren't the XLK In my opinion, Roku's got an excellent shot at hitting $200 within the next 2-3 years. It's got that good a business model. Ceridian HCM (CDAY)Source: Shutterstock Although I said in the intro that it's virtually impossible to know how a stock's going to perform in the secondary markets, I had a real strong feeling about Ceridian HCM (NYSE:CDAY) when it went public in April 2018 at $22 a share. Up 41.9% in its first day of trading and 128.0% since its IPO, I recommended CDAY within a week of the human capital management software company selling shares to the public. "Dayforce has over 3,000 customers who pay a per-employee, per month (PEPM) subscription with an initial term of 3-5 years. If the customer grows headcount, Dayforce wins," I wrote May 7, 2018. "Dayforce has grown its cloud revenue by more than 60% on a compounded basis over the past five years. I see it as one of the best up-and-coming stocks to own on the NYSE."Fast forward to the end of Ceridian's Q1 2019 results that it released May 1, and Dayforce now has 3,851 customers, a 28% increase in less than a year. As it continues to build market share in North America and beyond, I expect its profitability will increase dramatically. CEO David Ossip is Canadian (as am I) so I'm biased about his leadership capabilities. However, if you read up on the Toronto resident, you'll find out he's the real deal. Focus Financial Partners (FOCS)Source: Shutterstock If you've owned shares of wealth-management consolidator Focus Financial Partners (NASDAQ:FOCS) since it went public last July at $33, I feel your pain. That's because FOCS made 13.8% on its first day of trading but has given it all back and then some -- down 3.0% in the 11 months since its IPO. The biggest problem with consolidating independent wealth management firms is that you can pay the right price when making an acquisition but lose ground anyway due to market corrections, slowing economies, etc., which lowers the assets under management and by extension the fees you charge as a result. Therefore, you can acquire the smartest money managers in the world, and still lose."Organic revenue growth(1) was 7.7%, which when compared to the prior year quarter, was impacted by the effect of the markets, primarily equities and fixed income, decline in the 2018 fourth quarter and the advanced billing structure utilized by certain of our partner firms," Focus stated in its Q1 2019 press release. "Based on our M&A momentum and the general recovery in the financial markets, our organic revenue growth for the second quarter of 2019 is expected to be above 10%, demonstrating the resiliency of our business model."I believe the consolidation of independent registered investment advisor (RIA) firms is only in the early stages. That being said, if you do buy shares in FOCS, be less concerned about M&A and more concerned about organic growth. Watch that number like a hawk. * 7 Stocks to Buy for Over 20% Upside Potential That's because in 3-5 years, the music will stop, and you don't want to be left without a chair. Dropbox (DBX)Source: Shutterstock So many IPOs go public each year it's hard to remember when some of the better-known issues listed their shares. Take Dropbox (NASDAQ:DBX), the web-based cloud storage and collaboration platform. I could have sworn it was the granddaddy amongst the seven stocks I've recommended. No, that title goes to Roku, which went public in the fall of 2017. Dropbox's IPO was March 22, 2018, at $21 a share. On its first day of trading, DBX shares gained 35.6%. However, since then, investors haven't been nearly as enthusiastic about its stock. It's up only 8.6% in the almost 14 months it's been trading on NASDAQ.It's not unusual for IPO shares to lose ground after a robust first-day return. According to UBS head of asset allocation Jason Draho, the average first-day return is 18%, followed by six months of underperformance relative to the broader markets. Furthermore, as I often point out when discussing IPOs, you can often buy shares of an IPO for less than its original price within 12-24 months of going public. Dropbox announced its Q1 2019 results May 9 and they were solid across the board. However, DBX dropped perilously close to falling below $21, the price at which it went public. This is one stock where I'd buy a little now and wait to see if it falls below $21 in the next 3-6 months. Zoom Video (ZM)One of the Best Stocks Class of 2019, Zoom Video Communications (NASDAQ:ZM) went public on April 17 at $36 a share. It was an immediate hit with investors gaining 72.2% in its first day of trading and is up 121.6% through May 15, an annualized total return of almost 1,500%. Yikes.I had never heard of the company until I read a Yahoo Finance story by Brian Sozzi about CEO Eric Yuan. In it, he talks about how Zoom would always leave money on the table when obtaining funding from VC investors so that long-term everyone would win. In case you're not familiar with Zoom, it provides outstanding video conferencing technology to companies on a monthly subscription basis. The subscription economy continues to gain traction, so the IPO timing was good on Yuan's part. However, it is the fact that Yuan left Cisco (NASDAQ:CSCO) in 2011 to create better video conferencing technology than the giant networking company offered, that makes this IPO a must own. And, let's not forget it's one of the few Class of 2019 IPOs that makes money. Spotify (SPOT)Source: Spotify I don't know if it's a coincidence, but Spotify (NYSE:SPOT) went public on April 3, 2018, at $132 a share. Its first-day return was a respectable 12.9%. However, its total return through May 15 is 3.4%, 520 basis points worse than Dropbox, whose IPO was two weeks earlier. Unless you've been living on Mars, you're likely familiar with the global music streaming service. At the end of April, it announced its Q1 2019 results that included a 26% year over year increase in active monthly users to 217 million and a 32% increase in premium subscribers to 100 million. Of greater importance is the fact it generated $173 million in free cash flow, 134% higher than in the same quarter a year earlier. While it's best known for streaming music, it is the work it's doing for podcasters that's got my attention. Between launching Spotify for Podcasters last October and Soundtrap for Storytellers on May 14, the company's capturing a potentially lucrative secondary market from its original business idea. * 10 Names That Are Screaming Stocks to Buy Like Dropbox, I see it plodding away at its business until economies of scale force investors to take notice. Until then you're paying about the same valuation for its stock as you would have a year ago, but you're getting a much stronger company from a financial perspective. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post The 7 Best Stocks to Buy From the IPO ETF appeared first on InvestorPlace.
- American City Business Journals•27 days ago
Y Combinator has a new president as Sam Altman shifts entire focus to OpenAI
Altman has also decided he doesn't have the time to be chairman, as had been announced when he gave up the job of president. He will now be a YC adviser but will turn his full-time attention to San Francisco-based artificial intelligence startup Open AI.
- Motley Fool•last month
3 Tech Companies That Recently Beat Wall Street's Expectations
Apple, Amazon, and Dropbox outpaced analysts' estimates, but investors looking for that to be reflected in their stock price moves will be disappointed.
- Market Realist•last month
Dropbox Stock Slumped 7.7% on May 13
The May 13 Sell-Off Pummeled Tech StocksPresident Trump’s tweetOn May 13, 2019, the markets fell as China retaliated against tariffs imposed by the United States. Since President Donald Trump’s tweet last week, stocks in the S&P 500 (SPY)
- TheStreet.com•last month
Dropbox Loses Steam Following Earnings Beat
The company forecast current quarter revenue between $399 million and $401 million. The file-sharing company noted that it completed the acquisition of e-signature and document workflow platform HelloSign for $230 million during the first quarter.
Yahoo Finance•last monthDropbox outperforms, AMC Entertainment dims, Ford upgrade: Companies to watch
Dropbox, AMC Entertainment, Ford, Anheuser-Busch InBev and Boston beer are the companies to watch on Friday, May 10, 2019.
- InvestorPlace•last month
Earnings Report Sends Dropbox Stock to the Clouds
As they've done on every earnings report as a public company, last night Dropbox (NASDAQ:DBX) beat on both the top and bottom lines. They also impressed on many other key performance metrics, so the stock spiked 6% on the headline. This morning, the greens are holding up in spite of the geopolitical fears from the China tariff war.Source: Shutterstock As of midnight on Thursday, the U.S. increased the tariffs on China imports. So now China is likely to retaliate and consequently the equity markets are having a bad week. So seeing upside in DBX stock here this morning in the face of this further solidifies its conviction.DBX delivered 22% revenue growth year-over-year which is stronger than expected. They also beat the average revenue per user number, so they are building a base of clients that they can monetize going forward. This can be up-sells to higher tiered plans or even a switch to business accounts. Moreover, they reported having 13.2 millions paid users which was 200,000 better than forecast.InvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors have been neutral on DBX so far. By that I mean that it came into its earnings report up 14% year to date which is in line with the S&P 500. Longer term, the price action is negative. Dropbox stock is down 26% in a year and 18% since its initial public offering. Box (NYSE:BOX) which is probably its closest comparison stock is only down 4% for the same period. Looking Ahead in DBX StockNevertheless, this earnings report shows that management is executing on plans reasonably well, so they left no specific reason to sell the stock on this headline. But I still worry about their competition as it is fierce and some with deep pockets since this includes Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). Although they are not identical business models, they do cross paths, especially with Google. * 7 Cloud Stocks to Buy on Overcast Days In spite of my trepidation, I can trade Dropbox stock from the long side, but I have to be diligent with my exit points. I don't want to stay long it past $27, as it will face selling pressure at the slightest hint of trouble from its own execution or from market-wide threats like this geopolitical headline week. The bears will try a repeat performance once we get there.The demand for DBX services will continue to be strong. Thanks to the intrepid Salesforce.com (NYSE:CRM), which blazed the trail to the cloud, the world has been migrating everything to the cyber-sphere. Odds are that in spite of the competition, there will be enough business to go around. There are only a handful of companies right now, so they should all thrive from this trend.Valuation is a wrinkle in the current fundamentals. Since it still loses money, I use revenue ratios for comparisons. DBX sells at a 7.1 price to sales which is about 40% more than GOOGL or BOX. But for now, this is not a deal killer for me since value is not what I seek in a growth stock. So as long as management keeps delivering reports like today's, investors can give them slack on profitability.Wall Street experts agree, as most analyst who cover the stock still have it as a buy while the stock is trade way below the lowest of their price target. Their average price target for DBX is $32 per share, so according to them, it still has a long runway ahead of it.In summary, even though I will never pay for Dropbox services, I think the stock will continue to perform in a rising stock market. So if long DBX stock, I stay in it while keeping trailing stops below to protect my investment.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Cloud Stocks to Buy on Overcast Days * 6 Stable Stocks Worth Buying for Protection * 5 Active Vanguard Funds That You Have to Own Compare Brokers The post Earnings Report Sends Dropbox Stock to the Clouds appeared first on InvestorPlace.
