Commodity Channel Index
|Bid||22.62 x 2200|
|Ask||22.72 x 1000|
|Day's Range||21.95 - 22.75|
|52 Week Range||14.55 - 26.20|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.73|
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
You're not imagining things. Computers are getting smarter every day.Artificial intelligence (AI) is a not-so-new technology that involves "smart" computers capable of demonstrating intelligence, usually through solving problems or learning. As the horsepower behind AI improves, the technology is able to perform increasingly complex tasks, from identifying new sales opportunities to steering vehicles. And that technology is driving the best AI stocks to strong outperformance this year, with many equities that either use or help power artificial intelligence boasting double-digit gains against a down market.In fact, you probably use AI every day, whether you realize it or not. Artificial intelligence powers personal assistants such as Alexa, Cortana and Siri. It also guides the search results you plug into your computer or smartphone, and it often helps determine the advertisements you see.It's an incredible investing opportunity, too. AI stocks are gunning after a market poised to grow from $10.1 billion in 2018 to $126 billion in 2025, according to estimates by emerging-technology research and consulting firm Omdia | Tractica.Here, we look at 10 of the best AI stocks to buy for investors in it for the long haul. Each stock has already outperformed considerably year-to-date, and the coronavirus outbreak still might rattle them in the short-term. But each also shows plenty of promise looking out to 2021, 2022 and beyond. SEE ALSO: 20 Best Stocks to Buy Now for the Next Bull Market
Dropbox has been overlooked as investors rushed to stay-at-home tech stocks. Why the early cloud player deserves a fresh look.
Jim Cramer told the caller and viewers that, "I thought they had a good quarter and I'm going to say yes to it." In the daily bar chart of DBX, below, we can see that prices have been trading sideways since August in a basing pattern. The On-Balance-Volume (OBV) line has been moving higher the past 12 months telling us that buyers of DBX have been more aggressive.
Dropbox, Inc. (DBX) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
Citi analyst Walter Pritchard launched coverage of Dropbox and Atlassian with Buy ratings and Zoom Video Communications and Smartsheet with Neutral ratings.
Dropbox topped our Q1 financial results on May 7, and shares of the cloud storage firm have jumped 20% in 2020, against the S&P 500's 12% slide...
Dropbox (DBX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Yahoo Finance catches up with Dropbox co-founder and CEO Drew Houston to discuss the future for the tech outfit after the COVID-19 pandemic.
In this episode of Yahoo Finance Presents, correspondent Brian Sozzi speaks with Dropbox Founder & CEO Drew Houston about the companies technology to support remote workers as well as their collaboration with Zoom. Houston also discusses how he personally is being affected by the COVID-19 pandemic.
The Nasdaq closed in positive territory for the year on Thursday. Futures on the index future are 1% higher. Several stocks are moving on earnings reports.
Ladies and gentlemen, thank you for standing by and welcome to the First Quarter 2020 Dropbox Earnings Conference Call. Today Dropbox will discuss the quarterly financial results that were distributed earlier. Statements on this call include forward-looking statements, including the potential impact of the COVID-19 pandemic and related public health responses on our business, financial results and the economy, statements relating to the expected performance of our business, future financial results, including expectations regarding future profitability and our ability to generate and sustain positive free cash flow, our ability to extend our platform by developing new products or features, our strategy as well as the ability of our key employees to execute on our strategy, long-term growth and overall future prospects.
“There is enormous opportunity,” Dropbox Chief Executive Drew Houston told MarketWatch in a phone interview after the company announced better-than-expected quarterly results Thursday, its first profitable GAAP quarter, and offered revenue guidance that topped Wall Street estimates.
(Bloomberg) -- Dropbox Inc. reported its first-ever net income, in a quarter when demand for cloud software was bolstered by a shift to working from home.Earnings in the first quarter were $39.3 million, or 9 cents a share, the San Francisco-based company said in a statement on Thursday. Sales rose 18% to $455 million. Analysts on average had projected a net loss of 3 cents and revenue of $452.2 million. Dropbox has exceeded analysts’ estimates for sales and profit every quarter since going public in March 2018, according to data compiled by Bloomberg.The milestone caps years of work by Dropbox to cut costs and add paying customers for its software, which lets users sync and share files via the internet. Demand for Dropbox’s services also got a boost as coronavirus-related lockdowns forced employees to work from home, providing a greater need for cloud services to help workers collaborate and pass files between office and home computers.“Our customers are turning to Dropbox for help with this transition to remote work,” Chief Executive Officer Drew Houston said in an interview. “We’ve certainly seen record trial volumes, we’ve seen increases in direct purchases, we’ve seen increases in engagement.” He added, though, that there is some uncertainty about whether it will last. “We are mindful of the macroeconomic environment and the unpredictability that the second half of the year may bring.”Dropbox said its number of paying customers climbed to 14.6 million in the period, up from 13.2 million a year ago.The company’s shares, which closed at $21.89 in regular New York trading, climbed as high as $23.60 following the report. The stock has gained 22% this year.Dropbox has slowed its rate of hiring but is still looking to fill certain roles, Houston said. The company has already been more conservative about costs and doesn’t need to do anything “dramatic,” but does want to keep a close eye on the situation, he said.“We’re experiencing a bunch of tailwinds, but anything that causes our customers to struggle could be reflected in our business,” he said.For 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.
Dropbox Inc. shares initially climbed nearly 5% in after-hours trading Thursday after the enterprise-software company reported fiscal first-quarter revenue that topped Wall Street estimates and its first profitable GAAP quarter. Dropbox reported net income of $39.3 million, or 9 cents a share, compared with a loss of $7.7 million, or 2 cents a share, in the year-ago quarter. Revenue climbed 18% to $455 million from $385.6 million a year ago. Analysts surveyed by FactSet had expected net income of 14 cents a share on sales of $446 million. Dropbox shares are down 6% in the last year. The broader S&P 500 index is up 0.4% in the last year.
Dropbox achieved profitability on a GAAP basis since it went public in March 2018, as it reported a net income of $39.3 million, or 9 cents per share, compared to a loss of $7.7 million, or 2 cents, a year earlier. The company said it had 14.6 million paid subscribers at the end of the first quarter, in line with estimates of 14.61 million subscribers, according to research firm FactSet.