To read this article on Zacks.com click here. The stock is trading 16.5% below its … "In Q3, we saw momentum across the business with strong operating income, profitability, and free cash flow," said Dropbox Co-founder and Chief Executive Officer Drew Houston. When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. All rights reserved. And if this wasn’t enough, the stock has actually seen estimates rise over the past month for the current fiscal year by about 14.2%. As of June 30, 2020, Dropbox's unamortised stock-based compensation accounted to $741.1 million. The high price target for DBX is $30.00 and the low price target for DBX is $22.00. In the first quarter of 2020, Dropbox generated $455.0 million of revenue, representing an 18% increase year-over-year. Source: Allmy / Shutterstock.com Besides a rebound by technology stocks, what will it take for Dropbox … Wall Street's top analysts see stocks like Dropbox and Lumentum as compelling opportunities. © 2021, Nasdaq, Inc. All Rights Reserved. [CDATA[/* >Stock Chart courtesy of Stock Rover. Further, Dropbox’s margins expanded YOY in Q2, while its annual recurring revenue rose 17% YOY to $1.931 billion. 16, 2020-- Dropbox, Inc. (NASDAQ: DBX) announced today that it will report financial results for the second quarter ended June 30, 2020 after market close on Thursday, August 6, 2020 . Investors have a short-term memory and forgot that the file-sharing service posted strong second-quarter results on August 6. Don’t Let Reddit’s r/WallStreetBets Become Your QAnon >>> READ MORE, rates of free-trial participants to paid users have remained steady, is in the 82nd percentile of the Software Industry, 7 Biotech Stocks With Catalysts That Go Far Beyond Covid-19 Vaccines, Louis Navellier and the InvestorPlace Research Staff, Disruptive Innovator Canoo Has HUGE Upside Potential. At this closing price, Dropbox’s market cap is $9.4 billion. Dropbox, Inc. (NASDAQ: DBX) Q3 2020 earnings call dated Nov. 05, 2020 Corporate Participants: Rob Bradley — Investor Relations Drew Houston — Co-Founder and Chief Executive Officer Tim Regan — Chief Financial Officer Analysts: Philip Rigby — D…. A lot has happened with Dropbox since it went public at $21 in 2018. See Dropbox, Inc. (DBX) stock analyst estimates, including earnings and revenue, EPS, upgrades and downgrades. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>, Want the latest recommendations from Zacks Investment Research? Dropbox stock fell in a downtrend, bottoming at below $19.00 last month. The TipRanks.com site reports that five analysts have an average price target of $28.50 for Dropbox stock. Dropbox, Inc. (DBX): Free Stock Analysis Report. Share. Furthermore, the long-term growth rate is currently an impressive 40.8%, suggesting pretty good prospects for the long haul. Its trailing price-earnings ratio is 244 — triple that of Amazon (NASDAQ: AMZN ). Besides a rebound by technology stocks, what will it take for Dropbox to end its downturn which started in June? In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. It posted earnings per share of 22 cents, exceeding analysts’ average estimate. Dropbox is scheduled to release their next quarterly earnings announcement on Thursday, August 8th 2019. View Earnings Estimates for Dropbox. Or it may create another solution for a different vertical market. Dropbox stock rose 7.6% on Thursday and ended the day at $21.89. Published Sun, Aug 16 2020 8:46 AM EDT. [CDATA[/* >*/. Article printed from InvestorPlace Media, https://investorplace.com/2020/09/why-dropbox-stock-is-tumbling/. Login to Dropbox. This firm, which is in the Internet - Services industry, saw EPS growth of 21.9% last year, and is looking great for this year too. Conversely, DocuSign trades at stratospheric P/E levels that are not worth mentioning. Moreover, Microsoft’s Office 365 includes a powerful productivity suite of solutions alongside its shared storage space. Dropbox should post a narrower loss in 2021, but its high stock-based compensation expenses -- which gobbled up 14% of its revenue in 2020 -- should prevent it from turning profitable anytime soon. Dropbox Investor Relations We’re creating a new way of working. What Did the Stock Market Do Today? You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. By 2020, it's predicted to blast through the roof to $77.6 billion. Its $9.99 per month plan (billed annually) offers 2TB of storage, and its $16.58 per month plan offers 3TB. The Top 25 Cryptocurrencies to Know in 2021: BTC, ETH, XRP, XLM and More, Christie's $69M NFT Sale 'Like Nothing I Have Ever Seen,' Says Art Auction Specialist, U.S. Without a moat, Dropbox’s revenue growth may decline in future quarters. One such company that might be well-positioned for future earnings growth is Dropbox, Inc. DBX. Do Not Sell My Personal Information (CA Residents Only). Dropbox trades around $23.60, off the 52-week low of $15. Specifically, Dropbox’s desktop app shows recent activity and lets users quickly access files while enabling members of their team to comment on files. However, they can also lead on the downside when the growth story is over, so it is important to find companies which are still seeing strong growth prospects in their businesses. Copyright © 2021 InvestorPlace Media, LLC. The market, however, may take a few months to recognize Dropbox’s performance. Read our SEC filings. Investors who think Dropbox’s e-signing solution is comparable to DocuSign may buy Dropbox stock instead of DOCU stock. Dropbox, Inc. price-consensus-chart | Dropbox, Inc. Quote. Such innovations are especially important during the pandemic. Zacks Investment Research. 10 stocks we like better than Dropbox, Inc. In fact, the current growth estimate for this year calls for earnings-per-share growth of 76.8%. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating … The weighted-average period over which … HelloSign, an e-signature and document workflow company that Dropbox acquired, could take on DocuSign (NASDAQ:DOCU). Forget Dogecoin, These 2 Tech Stocks Are Better Buys Right Now, Stellar Lumens Still Has One of the Best Stories to Ride the Crypto Wave. Shopping. So if you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider DBX.