|Bid||0.00 x 3200|
|Ask||0.00 x 1300|
|Day's Range||21.35 - 22.33|
|52 Week Range||19.54 - 43.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||34.38|
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Ride-hailing company Lyft Inc beat bigger rival Uber Technologies Inc in filing for an initial public offering (IPO) on Thursday, defying the recent market jitters and taking the lead on a string of billion-dollar-plus tech companies expected to join Wall Street next year. Lyft's IPO will test investors' appetite for the most highly valued Silicon Valley companies and for the ride-hailing business, which has become a wildly popular service but remains unprofitable and has an uncertain future with the advance of self-driving cars. San Francisco-based Lyft, last valued at about $15 billion in a private fundraising round, did not specify the number of shares it was selling or the price range in a confidential filing with the U.S. Securities and Exchange Commission (SEC).
A little over 10 years ago, Dropbox (NASDAQ:DBX) began to unwind that erroneous assumption. Three charts should at least start to correct that problem, likely leading investors to wonder why in the world Dropbox stock has been steadily selling off from June’s peak after going public in March. Somehow, though, a dedicated file-sharing platform like Box (NYSE:BOX) or Dropbox seems far better equipped to handle the task.
On November 28 after markets closed, cloud content management company Box (BOX) announced its results for the third quarter of fiscal 2019 (the three months ended October 31, 2018). Microsoft (MSFT) and Alphabet (GOOGL) have lost 2.8% and 9.6%, respectively, quarter-to-date.
Dropbox (DBX) was listed on the NASDAQ on March 23, 2018, at a price of $21 per share. The stock has since risen 9.7% to close trading at $23.04 on November 27. Dropbox stock has lost 1.8% since the start of this month and declined over 14% since October.
Shares of Box jumped after it reported better-than-expected third-quarter earnings and offered rosier guidance for its fiscal year.
A workforce management software program based in Atlanta has closed a $81 million Series B round — the largest Series B in Australian history.
In the below chart, we can see that Dropbox (DBX) has managed to increase revenue from $604 million in 2015 to $845 million in 2016 and $1.107 billion in 2017. The company’s non-GAAP (generally accepted accounting principle) operating income has risen from -$240 million in 2015 and -$58 million in 2016 to $60 million in 2017.
In the previous article, we saw that Dropbox (DBX) increased revenue by 26% YoY to $360.3 million in the third quarter of 2018. This growth was driven by a rise in paying users and ARPU (average revenue per user) expansion. Dropbox’s ARPU in the third quarter rose 6% YoY from $112.05 to $118.60.
The company reported non-GAAP (generally accepted accounting principles) earnings per share of $0.11. Dropbox beat revenue estimates by 2.2%, earnings estimates by 83%, and net profit estimates by 91% in the third quarter. Dropbox also beat earnings estimates of $0.07 by 57% in the second quarter.
Backed by A-list investors like Jeff Bezos and Bill Gates, Convoy is using technology to connect truck drivers with companies that have shipping needs. Yahoo Finance’s Alexis Christoforous speaks to Convoy CEO Dan Lewis.