Fortunately, Dropbox currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. This represents a 34.41% change in EPS on a 9.93% change in revenues. Dropbox’s latest acquisition will complement its earlier acquisition of HelloSign as well as its Dropbox services. 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%. Dropbox, which currently sports a Zacks Rank #1, is poised to benefit from shift in demand trend owing to the coronavirus outbreak. 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. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 6 Wall Street analysts have issued ratings and price targets for Dropbox in the last 12 months. 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. 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. Dropbox is scheduled to release their next quarterly earnings announcement on Thursday, August 8th 2019. 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 web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Zacks Investment Research. ZacksTrade and Zacks.com are separate companies. 25.45 +0.97 +3.96% Official Close ... Zacks 2d. Get the latest Dropbox, Inc. DBX detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Dropbox (DBX) intends to acquire DocSend in all cash deal worth $165 million. 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. 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, Inc. Price, Consensus and EPS Surprise. Dropbox (DBX Quick QuoteDBX - Free Report) recently announced its intention to acquire DocSend in all cash deal worth $165 million. 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. You can see the complete list of today’s Zacks #1 Rank stocks here. Dropbox (DBX) Set to Buyout DocSend in an All-Cash Deal. Zacks Rank. 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. ZacksTrade and Zacks.com are separate companies. We use cookies to understand how you use our site and to improve your experience. 800-767-3771 ext. 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. Jan-12-21 05:45PM : Dropbox (DBX) Outpaces Stock Market Gains: What You Should Know. This report reveals the 7 stocks predicted to have the most explosive gains over the next 1-3 months. 09:32AM : Dropbox stock drops after plan to cut 11% of the workforce. Dropbox Stock , DBX. This includes personalizing content and advertising. To learn more, click here. 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. 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). Coronavirus-triggered work from wave has fueled the demand for digital tools to facilitate effective collaboration and document management. NASDAQ data is at least 15 minutes delayed. How Does Dropbox Stack Up to the Competition? Want the latest recommendations from Zacks Investment Research? 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. CACI International, Inc. (CACI) - free report >>. If you wish to go to ZacksTrade, click OK. Visit www.zacksdata.com to get our data and content for your mobile app or website. Zacks. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. NYSE and AMEX data is at least 20 minutes delayed. Thus, it seems as though Dropbox shares could still be poised for more gains ahead. Dropbox (DBX) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.23 per share. If you do not, click Cancel. The brokerage currently has $25.00 price objective on the stock. Gain free stock research access to stock picks, stock screeners, stock … Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. Copyright 2021 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Visit https://www.zacks… Zacks Equity Research 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. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. MotleyFool 2d. For the next fiscal year, the company is expected to earn $1.43 per share on $2.28 billion in revenues. The S&P 500 is an unmanaged index. See the report's 7 new picks today, absolutely FREE. Barrons.com. The monthly returns are then compounded to arrive at the annual return. Moreover, worldwide, business enterprises are adopting hybrid work policies, and this is likely to further drive demand for digital collaboration tools. March 10, 2021, ADBE Quick QuoteADBE TEAM Quick QuoteTEAM DBX Quick QuoteDBX ZM Quick QuoteZM. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 5 ETF Winners of the Coronavirus Pandemic, Top Stock Reports for Netflix, Toyota & AbbVie. This includes personalizing content and advertising. Stocks recently featured in the blog include: Dropbox, Inc. DBX, Costco Wholesale Corp. The brokerage currently has a $25.00 price objective on the stock. The DocSend acquisition, subject to regulatory and customary conditions, is expected to be concluded by first-quarter 2021. The 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. View Earnings Estimates for Dropbox. 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. Click to get this free report Dropbox, Inc. (DBX) : Free Stock … 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. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. 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. These returns are … 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. Dropbox Stock Takes a Hit From Job Cuts, Chief Operating Officers Departure. Real time prices by BATS. They set a “sector weight” rating for the company. This represents a year-over-year change of 14.46% and 8.36%, respectively. 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. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. MarketWatch. In terms of its value breakdown, the stock currently trades at 20.3X current fiscal year EPS estimates. In the last reported quarter, HelloSign witnessed a 70% increase in end user signature requests. 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. 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. The stock hit a new 52-week high of $25.78 in the previous session. Dropbox currently has a Zacks Rank #1 (Strong Buy) and a Growth Score of A. Visit Performance Disclosure for information about the performance numbers displayed above. Analysts have risen EPS estimates and pushed this stock into a Zacks Rank #1 (Strong Buy). Delayed quotes by Sungard. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style. Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. It offers a platform which enables users to store and […] HelloSign is an e-signature vendor that was purchased by Dropbox for $230 million in 2019. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. This report reveals the 7 stocks predicted to have the most explosive gains over the next 1-3 months. These returns cover a period from January 1, 1988 through January 4, 2021. Real time prices by BATS. On a trailing cash flow basis, the stock currently trades at 33X versus its peer group's average of 20.7X. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth. See the report's 7 new picks today, absolutely FREE. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Zacks Ranks stocks can, and often do, change throughout the month. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. The company also collaborated with Adobe (ADBE Quick QuoteADBE - Free Report) to roll out Dropbox Transfer for Adobe Creative Cloud. You can see the complete list of today’s Zacks #1 Rank stocks here. 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. Recent stocks from this report have soared up to +84.6% in just 1 month. Today, See These 5 Potential Home Runs >>, Atlassian Corporation PLC (TEAM) - free report >>, Zoom Video Communications, Inc. (ZM) - free report >>. Chicago, IL – April 22, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. These returns cover a period from January 1, 1988 through January 4, 2021. For the current fiscal year, Dropbox is expected to post earnings of $1.25 per share on $2.1 billion in revenues. Delayed quotes by Sungard. Today, you can download 7 Best Stocks for the Next 30 Days. 9339. support@zacks.com https://www ... Dropbox, Inc. (DBX): Free Stock Analysis Report To read this article on Zacks.com click here. 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. COST, Chewy, Inc. CHWY, Netflix, Inc. NFLX and Nintendo Co., Ltd. NTDOY. Visit www.zacksdata.com to get our data and content for your mobile app or website. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. NASDAQ data is at least 15 minutes delayed. Dropbox may be at a 52-week high right now, but what might the future hold for the stock? 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. ET on Zacks.com 7 SaaS Stocks to Buy Today for the Smartphone Generation Per the Zacks’ proprietary methodology, stocks with such favorable combinations offer solid investment opportunities. March 12, 2021, DBX Quick QuoteDBX CACI Quick QuoteCACI ETSY Quick QuoteETSY CDW Quick QuoteCDW. Privacy Policy | No cost, no obligation to buy anything ever. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. 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. Zacks has a proven record of recommending stocks with significant upside potential. The buyout will not be accretive to Dropbox’s operating results in 2021. Their average twelve-month price target is $26.40, predicting that the stock has a … Zacks has a proven record of recommending stocks with significant upside potential. Dropbox (DBX) Stock Sinks As Market Gains: What You Should Know Feb. 4, 2021 at 5:45 p.m. Dropbox, Inc. - DBX - Stock Price Today - Zacks DBX is up today, Dropbox, Inc. price-consensus-chart | Dropbox, Inc. Quote. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. If you do not, click Cancel. The Zacks … You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. The monthly returns are then compounded to arrive at the annual return. These are not the returns of actual portfolios of stocks. Privacy Policy | No cost, no obligation to buy anything ever. Following the announcement, shares of Dropbox were up 4.1% on Mar 9 and closed at $24.74. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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. KeyCorp assumed coverage on Dropbox in a research note on Friday, January 15th. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Since 1988 it has more … ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.93% per year. NYSE and AMEX data is at least 20 minutes delayed. If you wish to go to ZacksTrade, click OK. In 2020, Dropbox also launched two add-ons — Data Migration and Creative Tools — to assist users, especially media professionals, with their work. We use cookies to understand how you use our site and to improve your experience. Zacks Investment Research lowered Dropbox from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 6th. 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. Recent stocks from this report have soared up to +84.6% in just 1 month. Still, the fundamentals for Dropbox are promising, and it still has potential despite being at a 52-week high.
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