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Biden to sign massive climate and health care legislation
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WARNING: Do You Invest with these Banks (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
3rd Massive Dollar Upheaval Has Started (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
3rd Massive Dollar Upheaval Has Started (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
WARNING: Do You Invest with these Banks (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
3rd Massive Dollar Upheaval Has Started (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
3rd Massive Dollar Upheaval Has Started (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
WARNING: Do You Invest with these Banks (Ad)pixel
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
3rd Massive Dollar Upheaval Has Started (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
3rd Massive Dollar Upheaval Has Started (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
US futures turn around on strong performance from retailers
WARNING: Do You Invest with these Banks (Ad)pixel
NASDAQ:DBX

Dropbox - DBX Stock Forecast, Price & News

$24.57
-0.21 (-0.85%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$24.08
$24.68
50-Day Range
$19.69
$24.84
52-Week Range
$19.07
$32.59
Volume
2.53 million shs
Average Volume
3.46 million shs
Market Capitalization
$9.23 billion
P/E Ratio
27.61
Dividend Yield
N/A
Price Target
$28.33

Dropbox MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.3% Upside
$28.33 Price Target
Short Interest
Bearish
5.56% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.37
Upright™ Environmental Score
News Sentiment
0.85mentions of Dropbox in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.06 M Sold Last Quarter
Proj. Earnings Growth
14.46%
From $0.83 to $0.95 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.37 out of 5 stars

Computer And Technology Sector

240th out of 664 stocks

Prepackaged Software Industry

73rd out of 231 stocks

DBX stock logo

About Dropbox (NASDAQ:DBX) Stock

Dropbox, Inc. is a collaboration platform that's transforming the way people and teams work together. It offers the following products: Dropbox Basic, Dropbox Plus, Dropbox Professional, and Dropbox Business. The Dropbox Basic is the simple, powerful home for photos, videos, documents, and other files. Its users also get access to Dropbox Paper, a collaborative workspace that helps teams create and share early ideas, and work with any type of content, in one centralized place. The Dropbox Plus provides unrivaled sync along with 1 TB of space, powerful sharing features, and increased control. The Dropbox Professional allows independent workers to store, share, and track their work from one place. The Dropbox Business is designed for small to enterprise level businesses, in which users get full visibility and control over how critical work files are accessed and shared while letting team members continue to use the products. The Company was founded by Andrew W. Houston and Arash Ferdowsi in June 2007 and is headquartered in San Francisco, CA.

Dropbox Price Performance

Shares of NASDAQ:DBX opened at $24.57 on Wednesday. Dropbox has a 12-month low of $19.07 and a 12-month high of $32.59. The company has a market capitalization of $9.23 billion, a PE ratio of 27.61 and a beta of 0.84. The firm's 50-day moving average is $22.42 and its two-hundred day moving average is $22.38.

Dropbox (NASDAQ:DBX - Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.01. Dropbox had a net margin of 15.19% and a negative return on equity of 94.26%. The company had revenue of $572.70 million for the quarter, compared to the consensus estimate of $571.27 million. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company's revenue for the quarter was up 7.9% compared to the same quarter last year. On average, analysts forecast that Dropbox will post 0.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group dropped their price objective on shares of Dropbox from $35.00 to $30.00 in a research note on Monday, May 23rd.

Insider Activity

In other news, President Timothy H. Young sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $19.32, for a total value of $289,800.00. Following the completion of the transaction, the president now owns 1,647,257 shares of the company's stock, valued at $31,825,005.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, President Timothy H. Young sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, May 24th. The shares were sold at an average price of $19.32, for a total transaction of $289,800.00. Following the completion of the transaction, the president now owns 1,647,257 shares of the company's stock, valued at $31,825,005.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bart Volkmer sold 11,000 shares of the company's stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $22.15, for a total transaction of $243,650.00. Following the transaction, the insider now directly owns 342,143 shares of the company's stock, valued at approximately $7,578,467.45. The disclosure for this sale can be found here. Insiders sold a total of 84,816 shares of company stock valued at $1,826,426 over the last 90 days. Insiders own 25.05% of the company's stock.

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DBX Stock News Headlines

Dropbox, Inc. (DBX) Q2 2022 Earnings Call Transcript
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Dropbox Announces Second Quarter Fiscal 2022 Results
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Dropbox (DBX) Set to Announce Quarterly Earnings on Thursday
See More Headlines
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DBX Company Calendar

Last Earnings
8/04/2022
Today
8/16/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:DBX
Fax
N/A
Employees
2,667
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.33
High Stock Price Forecast
$30.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+15.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$335.80 million
Pretax Margin
14.88%

Debt

Sales & Book Value

Annual Sales
$2.16 billion
Cash Flow
$1.50 per share
Book Value
($0.78) per share

Miscellaneous

Free Float
281,515,000
Market Cap
$9.23 billion
Optionable
Optionable
Beta
0.84














DBX Stock - Frequently Asked Questions

Should I buy or sell Dropbox stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DBX shares.
View DBX analyst ratings
or view top-rated stocks.

What is Dropbox's stock price forecast for 2022?

2 brokerages have issued 12 month price targets for Dropbox's stock. Their DBX share price forecasts range from $25.00 to $30.00. On average, they anticipate the company's stock price to reach $28.33 in the next year. This suggests a possible upside of 15.3% from the stock's current price.
View analysts price targets for DBX
or view top-rated stocks among Wall Street analysts.

How have DBX shares performed in 2022?

Dropbox's stock was trading at $24.54 at the start of the year. Since then, DBX stock has increased by 0.1% and is now trading at $24.57.
View the best growth stocks for 2022 here
.

When is Dropbox's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our DBX earnings forecast
.

How were Dropbox's earnings last quarter?

Dropbox, Inc. (NASDAQ:DBX) announced its quarterly earnings results on Thursday, August, 4th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.01. The firm had revenue of $572.70 million for the quarter, compared to the consensus estimate of $571.27 million. Dropbox had a net margin of 15.19% and a negative trailing twelve-month return on equity of 94.26%. The firm's revenue was up 7.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share.

What guidance has Dropbox issued on next quarter's earnings?

Dropbox updated its third quarter 2022 earnings guidance on Friday, August, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $584.00 million-$587.00 million, compared to the consensus revenue estimate of $589.25 million.

What other stocks do shareholders of Dropbox own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Dropbox investors own include NVIDIA (NVDA), Micron Technology (MU), Alibaba Group (BABA), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Cisco Systems (CSCO), Intel (INTC), Block (SQ) and Salesforce (CRM).

When did Dropbox IPO?

(DBX) raised $612 million in an initial public offering (IPO) on Friday, March 23rd 2018. The company issued 36,000,000 shares at $16.00-$18.00 per share. Goldman Sachs, J.P. Morgan, Deutsche Bank Securities, Allen & Company and BofA Merrill Lynch acted as the underwriters for the IPO and RBC Capital Markets, Jefferies, Macquarie Capital, Canaccord Genuity, JMP Securities, KeyBanc Capital Markets and Piper Jaffray were co-managers.

What is Dropbox's stock symbol?

Dropbox trades on the NASDAQ under the ticker symbol "DBX."

Who are Dropbox's major shareholders?

Dropbox's stock is owned by many different institutional and retail investors. Top institutional investors include Pictet Asset Management SA (2.87%), Renaissance Technologies LLC (2.55%), Baupost Group LLC MA (2.08%), Thrivent Financial for Lutherans (1.20%), UBS Asset Management Americas Inc. (0.98%) and Loomis Sayles & Co. L P (0.62%). Insiders that own company stock include Ajay Vashee, Andrew Houston, Arash Ferdowsi, Bart Volkmer, David Henry Mack, Donald W Blair, Karen Peacock, Lisa M Campbell, Lisa M Campbell, Quentin Clark, Robert J Mylod, Jr, Timothy H Young, Timothy H Young and Timothy Regan.
View institutional ownership trends
.

How do I buy shares of Dropbox?

Shares of DBX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Dropbox's stock price today?

One share of DBX stock can currently be purchased for approximately $24.57.

How much money does Dropbox make?

Dropbox (NASDAQ:DBX) has a market capitalization of $9.23 billion and generates $2.16 billion in revenue each year. The company earns $335.80 million in net income (profit) each year or $0.89 on an earnings per share basis.

How many employees does Dropbox have?

The company employs 2,667 workers across the globe.

How can I contact Dropbox?

Dropbox's mailing address is 1800 OWENS STREET, SAN FRANCISCO CA, 94158. The official website for the company is www.dropbox.com. The company can be reached via phone at (415) 857-6800 or via email at ir@dropbox.com.

This page (NASDAQ:DBX) was last updated on 8/17/2022 by MarketBeat.com Staff

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