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Business Wire (Wed, 24-Apr 9:00 AM ET)
Dropbox to Announce First Quarter 2024 Earnings Results
Business Wire (Thu, 18-Apr 4:04 PM ET)
PRNewswire (Thu, 11-Apr 9:00 AM ET)
Half Moon Capital, LLC Issues Letter to Board of Dropbox Urging Course Correction
Business Wire (Wed, 28-Feb 12:59 PM ET)
Dropbox Announces Fourth Quarter and Fiscal 2023 Results
Business Wire (Thu, 15-Feb 4:04 PM ET)
Dropbox Teams Up With McLaren Racing as an Official Technology Partner of McLaren Formula 1 Team
Business Wire (Fri, 9-Feb 9:00 AM ET)
Business Wire (Tue, 6-Feb 9:00 AM ET)
Dropbox to Announce Fourth Quarter and Fiscal 2023 Earnings Results
Business Wire (Thu, 25-Jan 4:04 PM ET)
Dropbox is a leading provider of cloud-storage and content collaboration tools with an emphasis on individuals and SMB. The company was founded in 2007 and was a pioneer in cloud storage and cross-platform file syncing. Utilizing inorganic and organic means, the firm has been working on diversifying its product mix and pivoting away from the cloud-storage space.
Dropbox - Class A trades on the NASDAQ stock market under the symbol DBX.
As of April 25, 2024, DBX stock price declined to $23.76 with 650,814 million shares trading.
DBX has a beta of 0.79, meaning it tends to be less sensitive to market movements. DBX has a correlation of 0.07 to the broad based SPY ETF.
DBX has a market cap of $8.17 billion. This is considered a Mid Cap stock.
Last quarter Dropbox - Class A reported $635 million in Revenue and $.50 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.02.
In the last 3 years, DBX stock traded as high as $33.43 and as low as $18.71.
The top ETF exchange traded funds that DBX belongs to (by Net Assets): VTI, IJH, VB, COWZ, VXF.
DBX has underperformed the market in the last year with a return of +10.5%, while the SPY ETF gained +22.9%. In the last 3 month period, DBX fell short of the market, returning -26.7%, while SPY returned +3.4%. However, in the most recent 2 weeks DBX has outperformed the stock market by returning +1.7%, while SPY returned -2.7%.
DBX support price is $23.71 and resistance is $24.33 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DBX stock will trade within this expected range on the day.