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Dropbox (DBX) Gains As Market Dips: What You Should Know
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Dropbox (DBX - Free Report) closed the most recent trading day at $22.56, moving +1.85% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.4%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.73%.
Shares of the online file-sharing company have depreciated by 11.37% over the course of the past month, underperforming the Computer and Technology sector's loss of 8.37%, and the S&P 500's loss of 7.34%.
Market participants will be closely following the financial results of Dropbox in its upcoming release. The company is predicted to post an EPS of $0.71, indicating a 1.43% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $619.51 million, down 0.83% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.05 per share and a revenue of $2.49 billion, representing changes of +7.39% and -1.13%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Dropbox. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Dropbox is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Dropbox is holding a Forward P/E ratio of 7.26. This denotes a discount relative to the industry average Forward P/E of 15.25.
One should further note that DBX currently holds a PEG ratio of 1.04. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Services stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Dropbox (DBX) Gains As Market Dips: What You Should Know
Dropbox (DBX - Free Report) closed the most recent trading day at $22.56, moving +1.85% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.4%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 0.73%.
Shares of the online file-sharing company have depreciated by 11.37% over the course of the past month, underperforming the Computer and Technology sector's loss of 8.37%, and the S&P 500's loss of 7.34%.
Market participants will be closely following the financial results of Dropbox in its upcoming release. The company is predicted to post an EPS of $0.71, indicating a 1.43% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $619.51 million, down 0.83% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.05 per share and a revenue of $2.49 billion, representing changes of +7.39% and -1.13%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Dropbox. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Dropbox is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Dropbox is holding a Forward P/E ratio of 7.26. This denotes a discount relative to the industry average Forward P/E of 15.25.
One should further note that DBX currently holds a PEG ratio of 1.04. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Services stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 180, positioning it in the bottom 27% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.