NASDAQ:DBX - Dropbox Stock Price, Forecast & News

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

Dropbox Inc (NASDAQ:DBX) released its quarterly earnings data on Thursday, February, 20th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.01) by $0.17. The business earned $446 million during the quarter, compared to analysts' expectations of $443.35 million. Dropbox had a negative net margin of 3.17% and a negative return on equity of 3.67%. The firm's quarterly revenue was up 18.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.10 EPS. View Dropbox's Earnings History.

Dropbox is scheduled to release their next quarterly earnings announcement on Thursday, May 14th 2020. View Earnings Estimates for Dropbox.

Dropbox updated its first quarter 2020 After-Hours earnings guidance on Thursday, February, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $452-454 million, compared to the consensus revenue estimate of $448.2 million.

11 brokerages have issued 1 year price targets for Dropbox's shares. Their forecasts range from $19.00 to $33.00. On average, they expect Dropbox's share price to reach $27.50 in the next twelve months. This suggests a possible upside of 33.2% from the stock's current price. View Analyst Price Targets for Dropbox.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Dropbox in the last year. There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Dropbox.

Media headlines about DBX stock have trended very negative this week, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Dropbox earned a daily sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Dropbox.

Dropbox saw a increase in short interest in January. As of January 31st, there was short interest totalling 15,960,000 shares, an increase of 7.6% from the January 15th total of 14,830,000 shares. Based on an average daily trading volume, of 3,740,000 shares, the short-interest ratio is presently 4.3 days. Currently, 7.3% of the company's stock are sold short. View Dropbox's Current Options Chain.

Some companies that are related to Dropbox include Square (SQ), Electronic Arts (EA), Splunk (SPLK), ANSYS (ANSS), Veeva Systems (VEEV), Synopsys (SNPS), Cadence Design Systems (CDNS), Atlassian (TEAM), Check Point Software Technologies (CHKP), Paycom Software (PAYC), Twilio (TWLO), Okta (OKTA), Docusign (DOCU), SS&C Technologies (SSNC) and Tableau Software (DATA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Dropbox investors own include Micron Technology (MU), Alibaba Group (BABA), NVIDIA (NVDA), Netflix (NFLX), Advanced Micro Devices (AMD), Walt Disney (DIS), Square (SQ), salesforce.com (CRM), Cisco Systems (CSCO) and Paypal (PYPL).

(DBX) raised $612 million in an initial public offering 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 served 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.

Dropbox's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (4.24%), FMR LLC (2.16%), First Trust Advisors LP (1.58%), Soma Equity Partners LP (1.38%), Pictet Asset Management Ltd. (1.28%) and State Street Corp (1.10%). Company insiders that own Dropbox stock include Ajay Vashee, Andrew Houston, Arash Ferdowsi, Bart Volkmer, Condoleezza Rice, Dennis Woodside, Quentin Clark, Robert J Mylod Jr, Timothy Regan and Yamini Rangan. View Institutional Ownership Trends for Dropbox.

DBX stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., FMR LLC, First Trust Advisors LP, UBS Group AG, Toronto Dominion Bank, Schonfeld Strategic Advisors LLC, Blair William & Co. IL and Landscape Capital Management L.L.C.. Company insiders that have sold Dropbox company stock in the last year include Ajay Vashee, Bart Volkmer, Condoleezza Rice, Quentin Clark, Robert J Mylod Jr, Timothy Regan and Yamini Rangan. View Insider Buying and Selling for Dropbox.

DBX stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Jacobs Levy Equity Management Inc., MERIAN GLOBAL INVESTORS UK Ltd, MERIAN GLOBAL INVESTORS UK Ltd, Russell Investments Group Ltd., Soma Equity Partners LP, Marshall Wace North America L.P. and SCP Investment LP. View Insider Buying and Selling for Dropbox.

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

One share of DBX stock can currently be purchased for approximately $20.64.

Dropbox has a market capitalization of $8.57 billion and generates $1.66 billion in revenue each year. Dropbox employs 2,323 workers across the globe.View Additional Information About Dropbox.

The official website for Dropbox is http://www.dropbox.com/.

Dropbox's mailing address is 1800 OWENS STREET, SAN FRANCISCO CA, 94158. The company can be reached via phone at 415-857-6800 or via email at [email protected]