|Bid||0.00 x 1200|
|Ask||0.00 x 3000|
|Day's Range||23.13 - 23.63|
|52 Week Range||18.50 - 43.50|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 7, 2019 - Aug 12, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||32.42|
Dropbox, AMC Entertainment, Ford, Anheuser-Busch InBev and Boston beer are the companies to watch.
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.
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.
Apple, Amazon, and Dropbox outpaced analysts' estimates, but investors looking for that to be reflected in their stock price moves will be disappointed.
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)
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.
Dropbox, AMC Entertainment, Ford, Anheuser-Busch InBev and Boston beer are the companies to watch on Friday, May 10, 2019.
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.
Shares of the company were up 4.6 percent at $24.30 in extended trading after Dropbox said it had 13.2 million paying subscribers at the end of three months on March 31. The total paying subscribers included 100,000 users from electronic signature company HelloSign, which Dropbox acquired for $230 million earlier in the year. Started as a free service to consumers, Dropbox now offers a range of enterprise software services and competes with companies such as Alphabet Inc's Google, Microsoft Corp and Amazon.com Inc in the cloud storage space.
Dropbox (DBX) delivered earnings and revenue surprises of 66.67% and 1.09%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Dropbox (NASDAQ:DBX) reported its quarterly earnings results late in the afternoon today, bringing in a profit that was stronger than what analysts called for, while the company's revenue increased year-over-year, playing a role in lifting DBX stock more than 3% after hours Thursday.The San Francisco, Calif.-based digital storage business -- founded in 2007 -- announced that for its first quarter of its fiscal 2019, it brought in a net loss of $7.7 million, or 2 cents per share, which was considerably narrower than the company's losses from the year-ago quarter, which came in at $465.5 million, or $2.13 per share.Dropbox added that when adjusted for stock-based compensation and other items, the company brought in earnings of 10 cents per share, which was a beat when taking into account the Wall Street adjusted earnings consensus estimate of 6 cents per share, according to data compiled by FactSet in a survey of analysts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company added that it brought in revenue of $385.6 million, which marked a 22% increase from the $316.3 million it brought in during the same period a year ago. The figure was higher than the Wall Street revenue guidance as analysts predicted Dropbox would amass sales of $381.6 million.For its second quarter of 2019, analysts predict adjusted earnings of 8 cents per share on revenue of $282 million.DBX stock is surging roughly 3.6% after the bell today following the company's impressive quarterly earnings showing. Shares had been sliding roughly 1.9% during regular trading hours as Dropbox geared itself up to report its latest quarterly earnings figures. More From InvestorPlace * 10 Great Stocks to Buy on Dips * 7 Dangerous Dividend Stocks to Stay Far Away From * 7 Strong Buy Stocks That Tick All the Boxes Compare Brokers The post Dropbox Earnings: DBX Stock Surges as Q1 Sales Surge 22% Y2Y appeared first on InvestorPlace.
Dropbox shares were up nearly 4% after the company reported its first-quarter earnings results after the closing bell Thursday. The San Francisco-based company reported first-quarter revenue of $385.
On a per-share basis, the San Francisco-based company said it had a loss of 2 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were 10 cents per share. ...
File sharing and storage company Dropbox Inc topped Wall Street expectations for quarterly revenue on Thursday, as it signed up more paying subscribers and earned more revenue per user. The company said ...
Dropbox Inc. stock rose 3.5% in the extended session Thursday, after the company reported first-quarter adjusted earnings and revenue that topped analyst estimates. The company reported first-quarter net losses of $7.7 million, or 2 cents a share, compared with losses of $465.5 million, or $2.13 a share, in the year-ago period. Adjusted for stock-based compensation, among other items, earnings were 10 cents a share. Revenue rose 22% to $385.6 million from $316.3 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 6 cents a share on revenue of $381.6 million. For the second quarter, analysts model adjusted earnings of 8 cents a share on sales of $282 million. Dropbox stock has fallen 26% in the past year, with the S&P 500 index rising 7%.
With so many platforms moving to the cloud as well as software services, is file sharing becoming more difficult or less? While I believe this is a step in the right direction as online document signature blends well with Dropbox's core business, they are arriving late into this game. Catching DocuSign, or even Adobe, will take time and likely be a big monetary investment.
Our call of the day, from Steve Eisman, a hedge-fund trader who made money in the financial crisis by betting against risky mortgage products engineered by some of the world’s biggest banks, says corporate bonds will be at the center of pain for the next U.S. recession.
Don't be caught off-guard: Dropbox Inc Class A (NASDAQ: DBX ) releases its next round of earnings this Thursday, May 9. Want to skip the homework and get all the facts in one place? We thought so. Here ...
Dropbox (DBX) continuous efforts to strengthen cloud-based and AI technologies are likely to drive the top line in the to-be reported quarter.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Dropbox, Inc.'s (NASDAQ:DBX): Dropbox, Inc. provides a collaboration platform worldwide...
Dropbox started shifting workloads away from AWS to its own data centersseveral years ago because it needed more control over how files were storedand accessed