Dropbox, Inc. Price, Consensus and EPS Surprise. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Stocks recently featured in the blog include: Dropbox, Inc. DBX, Costco Wholesale Corp. Notably, Dropbox is among those companies that adopted the Virtual First strategy, under which it will utilise both remote work and on-premises way of working. You can see the complete list of today’s Zacks #1 Rank stocks here . KeyCorp assumed coverage on Dropbox in a research note on Friday, January 15th. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Real time prices by BATS. A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level. Today, See These 5 Potential Home Runs >>, Atlassian Corporation PLC (TEAM) - free report >>, Zoom Video Communications, Inc. (ZM) - free report >>. 25.45 +0.97 +3.96% Official Close ... Zacks 2d. With the buyout, Dropbox is looking to expand its digital solutions’ portfolio to assist enterprises manage important business-related documents amid ongoing remote work trend. On a trailing cash flow basis, the stock currently trades at 33X versus its peer group's average of 20.7X. Zacks. In terms of its value breakdown, the stock currently trades at 20.3X current fiscal year EPS estimates. Dropbox (DBX) Stock Sinks As Market Gains: What You Should Know Feb. 4, 2021 at 5:45 p.m. Zacks Investment Research upgraded shares of Dropbox (NASDAQ:DBX) from a hold rating to a buy rating in a research report report published on Tuesday, Zacks.com reports. 5 ETF Winners of the Coronavirus Pandemic, Top Stock Reports for Netflix, Toyota & AbbVie. View Earnings Estimates for Dropbox. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Dropbox, Inc. price-consensus-chart | Dropbox, Inc. Quote. ZacksTrade and Zacks.com are separate companies. Get the latest Dropbox, Inc. DBX detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Dropbox expanded support for 21 languages for HelloSign and expects the product to gain a solid foothold in international markets due to the extensive awareness campaign. Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Want the latest recommendations from Zacks Investment Research? In the past year, Dropbox’s shares have returned 53.1% compared with industry’s rally of 64.6%. Zacks. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 09:32AM : Dropbox stock drops after plan to cut 11% of the workforce. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. Dropbox Stock , DBX. Dropbox (DBX) Set to Buyout DocSend in an All-Cash Deal. If you wish to go to ZacksTrade, click OK. The Zacks … Zacks Investment Research. For the current fiscal year, Dropbox is expected to post earnings of $1.25 per share on $2.1 billion in revenues. Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. HelloSign is an e-signature vendor that was purchased by Dropbox for $230 million in 2019. The monthly returns are then compounded to arrive at the annual return. Barrons.com. Following the announcement, shares of Dropbox were up 4.1% on Mar 9 and closed at $24.74. This represents a 34.41% change in EPS on a 9.93% change in revenues. The brokerage currently has a $25.00 price objective on the stock. Real time prices by BATS. In the last reported quarter, HelloSign witnessed a 70% increase in end user signature requests. The monthly returns are then compounded to arrive at the annual return. The company also collaborated with Adobe (ADBE Quick QuoteADBE - Free Report) to roll out Dropbox Transfer for Adobe Creative Cloud. Their average twelve-month price target is $26.40, predicting that the stock has a … Our Picks. Fortunately, Dropbox currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. Dropbox (DBX) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks has a proven record of recommending stocks with significant upside potential. Recent stocks from this report have soared up to +84.6% in just 1 month. Recent stocks from this report have soared up to +84.6% in just 1 month. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Shares of Dropbox have been moving higher, and the company still appears to be a decent choice, but what about the rest of the industry? Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. These returns cover a period from January 1, 1988 through January 4, 2021. The work from home wave is unlikely to dissipate soon as the global vaccine rollout is expected to be a long-drawn affair. Dropbox beat on both top and bottom-line metrics in its earnings report, but the most notable announcement was the firm’s substantial increase in its long-term margin guidance. Zacks Equity Research Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Zacks has a proven record of recommending stocks with significant upside potential. On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These returns cover a period from January 1, 1988 through January 4, 2021. 9339. support@zacks.com https://www ... Dropbox, Inc. (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. CACI International, Inc. (CACI) - free report >>. Headquartered in San Francisco, DocSend offers services to businesses that help them securely share critical documents and obtain feedback in real time.The company boasts a strong customer base of 17,000. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Visit Performance Disclosure for information about the performance numbers displayed above. Chicago, IL – April 22, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. The S&P 500 is an unmanaged index. ET on Zacks.com 7 SaaS Stocks to Buy Today for the Smartphone Generation Dropbox Acquiring DocSend for $165 Million. You can see the complete list of today’s Zacks #1 Rank stocks here. This report reveals the 7 stocks predicted to have the most explosive gains over the next 1-3 months. Zacks Rank #1 Strong Buys have more than doubled the market for 3 decades...and these are the 7 most promising stocks from that list. We use cookies to understand how you use our site and to improve your experience. Dropbox, which currently sports a Zacks Rank #1, is poised to benefit from shift in demand trend owing to the coronavirus outbreak. Per the Zacks’ proprietary methodology, stocks with such favorable combinations offer solid investment opportunities. It offers a platform which enables users to store and […] Further, integration with leading applications like Atlassian (TEAM Quick QuoteTEAM - Free Report) and Zoom Video (ZM Quick QuoteZM - Free Report) is expected to boost the uptake of the platform. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. TheStreet.com. Today, you can download 7 Best Stocks for the Next 30 Days. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Apart from that, Dropbox’s focus on product innovation and roll out of new features like Dropbox Vault, Dropbox Passwords, Dropbox Backup and Dropbox Spaces is anticipated to boost the number of paying users. We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. In its last earnings report on February 18, 2021, Dropbox reported EPS of $0.28 versus consensus estimate of $0.23 while it beat the consensus revenue estimate by 1.2%. According to Zacks, “Dropbox, Inc. is a service company. Privacy Policy | No cost, no obligation to buy anything ever. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Thus, it seems as though Dropbox shares could still be poised for more gains ahead. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Some of its industry peers are also solid potential picks, including Etsy (ETSY Quick QuoteETSY - Free Report) , CDW (CDW Quick QuoteCDW - Free Report) , and CACI International (CACI Quick QuoteCACI - Free Report) , all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. Coronavirus-triggered work from wave has fueled the demand for digital tools to facilitate effective collaboration and document management. Privacy Policy | No cost, no obligation to buy anything ever. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. They set a “sector weight” rating for the company. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Dropbox (DBX) Set to Buyout DocSend in an All-Cash Deal. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Delayed quotes by Sungard. ZacksTrade and Zacks.com are separate companies. If you do not, click Cancel. March 12, 2021, DBX Quick QuoteDBX CACI Quick QuoteCACI ETSY Quick QuoteETSY CDW Quick QuoteCDW. NYSE and AMEX data is at least 20 minutes delayed. Zacks Investment Research's price objective indicates a potential upside of 7.85% from the stock's previous close.. 3 Bullish Chart Patterns That Point to Nice Gains Ahead Dropbox (DBX Quick Quote DBX - Free Report) recently announced its intention to acquire DocSend in all cash deal worth $165 million.Following the announcement, shares of Dropbox … Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Dropbox passes the test. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. These are not the returns of actual portfolios of stocks. Since 1988 it has more … Zacks Ranks stocks can, and often do, change throughout the month. This represents a year-over-year change of 14.46% and 8.36%, respectively. The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. Dropbox is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #7 in the Zacks Sector Rank. Dropbox, Inc. - DBX - Stock Price Today - Zacks DBX is up today, Dropbox is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #7 in the Zacks Sector Rank. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. For the next fiscal year, the company is expected to earn $1.43 per share on $2.28 billion in revenues. See the report's 7 new picks today, absolutely FREE. You can see the complete list of today’s Zacks #1 Rank stocks here. In 2020, Dropbox also launched two add-ons — Data Migration and Creative Tools — to assist users, especially media professionals, with their work. Dropbox is scheduled to release their next quarterly earnings announcement on Thursday, August 8th 2019. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Moreover, worldwide, business enterprises are adopting hybrid work policies, and this is likely to further drive demand for digital collaboration tools. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are … ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. March 10, 2021, ADBE Quick QuoteADBE TEAM Quick QuoteTEAM DBX Quick QuoteDBX ZM Quick QuoteZM. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style. 800-767-3771 ext. Dropbox’s latest acquisition will complement its earlier acquisition of HelloSign as well as its Dropbox services. Dropbox has a Value Score of D. The stock's Growth and Momentum Scores are A and B, respectively, giving the company a VGM Score of B. 10:29AM : Dropbox Slashes Jobs As Work From Home Policy Reduces Office Needs; Shares Slide . Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Gain free stock research access to stock picks, stock screeners, stock … This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. If you do not, click Cancel. This report reveals the 7 stocks predicted to have the most explosive gains over the next 1-3 months. The DocSend acquisition, subject to regulatory and customary conditions, is expected to be concluded by first-quarter 2021. Dropbox (DBX Quick QuoteDBX - Free Report) recently announced its intention to acquire DocSend in all cash deal worth $165 million. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Zacks Investment Research lowered Dropbox from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 6th. Find the latest Dropbox, Inc. (DBX) stock quote, history, news and other vital information to help you with your stock trading and investing. NASDAQ data is at least 15 minutes delayed. Shares of Dropbox (DBX Quick QuoteDBX - Free Report) have been strong performers lately, with the stock up 7.4% over the past month. Analysts have risen EPS estimates and pushed this stock into a Zacks Rank #1 (Strong Buy). Visit www.zacksdata.com to get our data and content for your mobile app or website. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. MarketWatch. This includes personalizing content and advertising. Zacks Rank #1 Strong Buys have more than doubled the market for 3 decades...and these are the 7 most promising stocks from that list. The buyout will not be accretive to Dropbox’s operating results in 2021. How Does Dropbox Stack Up to the Competition? Still, the fundamentals for Dropbox are promising, and it still has potential despite being at a 52-week high. Dropbox, Inc. (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. The brokerage currently has $25.00 price objective on the stock. See the report's 7 new picks today, absolutely FREE. Dropbox may be at a 52-week high right now, but what might the future hold for the stock? Dropbox (NASDAQ:DBX) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a report released on Tuesday, Zacks.com reports. Nonetheless, higher investments on product development amid stiff competition from services like Microsoft One Drive, and Google Drive may limit margin expansion for this Zacks Rank #2 (Buy) stock. Dropbox has gained 14.7% since the start of the year compared to the 5.2% move for the Zacks Computer and Technology sector and the 14.7% return for the Zacks Internet - Services industry. Visit https://www.zacks… Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth. Find real-time DBX - Dropbox Inc stock quotes, company profile, news and forecasts from CNN Business. Dropbox is well-positioned to gain from increasing demand for its work collaboration tools through which users can seamlessly and securely share files, videos, and spreadsheets. the complete list of today’s Zacks #1 Rank stocks here, 5 ETF Winners of the Coronavirus Pandemic, Top Stock Reports for Netflix, Toyota & AbbVie. The stock hit a new 52-week high of $25.78 in the previous session. Analysts have risen EPS estimates and pushed this stock into a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for fiscal 2021 earnings increased by 5 cents to $6.73 per share over the past 60 days, highlighting bullish sentiments for the stock. Zacks Ranks stocks can, and often do, change throughout the month. Dropbox (DBX) intends to acquire DocSend in all cash deal worth $165 million. 6 Wall Street analysts have issued ratings and price targets for Dropbox in the last 12 months. Click to get this free report Dropbox, Inc. (DBX) : Free Stock … To learn more, click here. These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. This compares to earnings of … We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Jan-12-21 05:45PM : Dropbox (DBX) Outpaces Stock Market Gains: What You Should Know. NASDAQ data is at least 15 minutes delayed. We use cookies to understand how you use our site and to improve your experience. Visit www.zacksdata.com to get our data and content for your mobile app or website. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Additionally, the stock has a PEG ratio of 0.5. To learn more, click here. Dropbox Stock Takes a Hit From Job Cuts, Chief Operating Officers Departure. Dropbox currently has a Zacks Rank #1 (Strong Buy) and a Growth Score of A. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. If you wish to go to ZacksTrade, click OK. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Visit Performance Disclosure for information about the performance numbers displayed above. However, it is worth noting that the Zacks Industry Rank for this group is in the bottom half of the ranking, so it isn't all good news for Dropbox. NYSE and AMEX data is at least 20 minutes delayed. COST, Chewy, Inc. CHWY, Netflix, Inc. NFLX and Nintendo Co., Ltd. NTDOY. Delayed quotes by Sungard. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Zacks Rank. The Zacks … This includes personalizing content and advertising. MotleyFool 2d. Zacks Equity Research
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