21.48 -0.97 (-4.32%)
Pre-Market: 4:49AM EST
|Bid||21.48 x 1200|
|Ask||0.00 x 4000|
|Day's Range||21.88 - 23.72|
|52 Week Range||16.08 - 26.20|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 19, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||28.50|
Dropbox shares soared nearly 20% Friday, a day after reporting it expects to achieve profitability by the end of the year and announcing a $600-million share buyback. The San Francisco cloud storage company (NASDAQ: DBX) ended the day at $22.45 per share after going as high as $23.72 in intraday trading. Houston said the company expects to extend its platform into new markets and improve its non-GAAP operating margins to 30% from 28% this year and generate annual free cash flow of over $1 billion.
With a business model very different from that of most cloud/SaaS peers, it took a while for markets to appreciate Dropbox's long-term value.
Dropbox shares are surging toward their best single-day performance on record as bulls say the stock has finally hit a turning point.
Dropbox analysts raised their price targets on the file-sharing platform after its fourth-quarter report. Revenue climbed 19% and the company raised estimates for operating margin and free cash flow.
Dow Jones futures: After a healthy dip for the stock market rally, First Solar, Universal Display, eHealth, Zscaler and Dropbox were big earnings movers late.
Dropbox Inc. shares were initially up 17% before settling to 7% in after-hours trading Thursday after the file-sharing service reported fourth-quarter earnings that beat Wall Street estimates. In a conference call with analysts later, Dropbox Chief Executive Drew Houston said Dropbox's goal is to become profitable on a GAAP basis by the end of the year. The company also reported jumps in paying users (to 14.3 million) and average revenue per user (to $125). Dropbox reported a net loss of $6.6 million, or 2 cents a share, in the quarter, compared with a net loss of $9.5 million, or 2 cents a share, in the year-ago fourth quarter. Revenue improved 19% to $446 million from $375.9 million a year ago. Analysts surveyed by FactSet had expected a loss of 3 cents a share on sales of $443 million. Dropbox shares are down 26.9% over the last 12 months. The broader S&P 500 index has gained 21.6% in the last year.
Dropbox (DBX) delivered earnings and revenue surprises of 14.29% and 0.64%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Dropbox, the San Francisco online storage and collaboration platform, reported a fourth-quarter net loss flat with a year earlier as revenue advanced 19%. Both figures were better than analysts expected.
The company raised its operating margin target between 28% and 30%, which it expects to achieve by 2024, up from its initial range of 20% to 22%. "The big story is the $600 million buyback, which is a clear indication that Dropbox views their stock as undervalued and that management is bullish on the future of the company," said Rishi Jaluria, an analyst from brokerage D.A. Davidson & Co. Dropbox has been trying to attract customers through tools that allow users to create and share documents across platforms, including Google Docs and Microsoft Office.
Dropbox (NASDAQ: DBX) reported fourth-quarter earnings of 16 cents per share on Thursday, which beat the analyst consensus estimate of 14 cents by 14.29%. The company reported quarterly sales of $446 million, which beat the analyst consensus estimate of $443.41 million by 0.58%. Dropbox also announced a $600 million buyback.
Dropbox (NASDAQ: DBX ) announces its next round of earnings this Thursday, February 20. Here's Benzinga's look at Dropbox's Q4 earnings report. Earnings and Revenue Dropbox earnings will be near 14 cents ...
The 14 big Bay Area companies that ranked among Fortune's best places to work included at least two that boasted of having a workforce of either more than 50 percent women or minorities.
Dropbox (NASDAQ: DBX) today announced that HelloSign, a leading eSignature and digital workflow platform, has released new advanced features and compliance certifications for large teams and enterprise companies to better embrace the use of eSignatures. These product features will help businesses save time, break inefficiencies, and enable multiple teams within an organization to use eSignatures, without sacrificing security.
Dropbox's (DBX) continuous efforts to strengthen the product portfolio and new features like Dropbox Spaces are likely to have driven the top line in the fourth quarter.
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.
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.
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
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.