Dropbox, Inc. provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features. As of December 31, 2020, the company had approximately 700 million registered users across 180 countries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.
IPO Year: 2018
Exchange: NASDAQ
Website: dropbox.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/16/2024 | $26.00 → $24.00 | Neutral → Sell | Goldman |
| 2/16/2024 | $33.00 → $30.00 | Overweight → Neutral | JP Morgan |
| 2/16/2024 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 2/16/2024 | $34.00 → $28.00 | Buy → Underperform | BofA Securities |
| 12/15/2023 | $36.00 | Buy | UBS |
| 9/18/2023 | Outperform → Mkt Perform | William Blair | |
| 5/8/2023 | $22.00 → $25.00 | Sell → Neutral | Goldman |
| 1/5/2023 | $25.00 | Buy → Hold | Jefferies |
| 11/22/2022 | $20.00 | Underperform | Credit Suisse |
| 9/13/2022 | $30.00 | Overweight | KeyBanc Capital Markets |
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Goldman downgraded Dropbox from Neutral to Sell and set a new price target of $24.00 from $26.00 previously
JMP Securities downgraded Dropbox from Mkt Outperform to Mkt Perform
JP Morgan downgraded Dropbox from Overweight to Neutral and set a new price target of $30.00 from $33.00 previously
BofA Securities downgraded Dropbox from Buy to Underperform and set a new price target of $28.00 from $34.00 previously
UBS initiated coverage of Dropbox with a rating of Buy and set a new price target of $36.00
William Blair downgraded Dropbox from Outperform to Mkt Perform
Goldman upgraded Dropbox from Sell to Neutral and set a new price target of $25.00 from $22.00 previously
Jefferies downgraded Dropbox from Buy to Hold and set a new price target of $25.00
Credit Suisse initiated coverage of Dropbox with a rating of Underperform and set a new price target of $20.00
KeyBanc Capital Markets initiated coverage of Dropbox with a rating of Overweight and set a new price target of $30.00
10-Q - DROPBOX, INC. (0001467623) (Filer)
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8-K - DROPBOX, INC. (0001467623) (Filer)
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10-Q - DROPBOX, INC. (0001467623) (Filer)
8-K - DROPBOX, INC. (0001467623) (Filer)
8-K - DROPBOX, INC. (0001467623) (Filer)
10-Q - DROPBOX, INC. (0001467623) (Filer)
8-K - DROPBOX, INC. (0001467623) (Filer)
8-K - DROPBOX, INC. (0001467623) (Filer)
Dropbox, Inc. (NASDAQ:DBX) Chief Financial Officer Tim Regan will participate in a fireside chat at the 2024 UBS Global Technology and AI Conference in Scottsdale, Arizona on Tuesday, December 3, 2024 at 1:35 p.m. ET / 10:35 a.m. PT. A live webcast and replay of the event will be available on the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is headquartered in San Francisco, CA. For more information on our mission and products, visit dropbox.com.
Third Quarter Revenue of $638.8 Million, up 0.9% year-over-year on an as reported and constant currency basis GAAP Operating Margin of 20.0% and Non-GAAP Operating Margin of 36.2% Net Cash Provided by Operating Activities of $274.2 Million and Free Cash Flow of $270.1 Million Dropbox, Inc. (NASDAQ:DBX), today announced financial results for its third quarter ended September 30, 2024. "As we've shared over the last year, we're in a transitional period as a company and we continue to face a challenging environment in 2024. We recently announced a reduction in our workforce to both increase efficiency in and strengthen our core business, and accelerate growth in our new bets, like Dropbox
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the third quarter ended September 30, 2024 after market close on Thursday, November 7, 2024. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is hea
Dash for Business makes it easy for teams to find, organize, share, and secure company information by combining universal search, organization and sharing capabilities, and in-depth content access control for businesses of all sizes Today, Dropbox, Inc. (NASDAQ:DBX) announced Dropbox Dash for Business—the latest iteration of its AI-powered universal search product—which combines universal search, organization and sharing capabilities, and advanced content access control. Dash solves one of the biggest problems facing companies: teams often struggle to find the content they need at work. With Dash, teams can easily find, organize, share, and secure company information to save time and focus
Similarweb Ltd. (NYSE:SMWB), a leading digital market intelligence company, is pleased to announce the appointment of Lisa Campbell and Barak Eilam to its Board of Directors, with overwhelming support at the general meeting of shareholders earlier today. Their extensive experience in scaling and leading successful SaaS and technology companies will further enhance Similarweb's strategic growth and industry leadership. Or Offer, Co-Founder and CEO of Similarweb, commented, "I am thrilled to welcome Lisa and Barak to our Board of Directors. They each bring extensive experience in growing and scaling software companies, and a deep understanding of business strategy and technology that align
Second Quarter Revenue of $634.5 Million, up 1.9% year-over-year; on a constant currency basis, up 1.8% year-over-year GAAP Operating Margin of 20.0% and Non-GAAP Operating Margin of 35.9% Net Cash Provided by Operating Activities of $230.6 Million and Free Cash Flow of $224.7 Million Dropbox, Inc. (NASDAQ:DBX), today announced financial results for its second quarter ended June 30, 2024. "In Q2, we improved the functionality and experience of our core FSS product, and made it easier for our customers to discover, try, and buy everything we have to offer," said Dropbox Co-Founder and Chief Executive Officer Drew Houston. "As we navigate the natural pressures of a maturing FSS busine
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the second quarter ended June 30, 2024 after market close on Thursday, August 8, 2024. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is headqu
Founders eagerly seek capital while investors gear up to use dry powder SAN FRANCISCO, July 11, 2024 /PRNewswire/ -- The venture capital landscape is emerging from doom and gloom according to Q2 2024 investor activity metrics, which are above all previous years tracked — up 21.7% year-over-year (YoY) from 2023 — exceeding 2021's activity, which led to record-breaking funding. DBX) company, today released a data analysis of its Pitch Deck Interest (PDI) metrics showing 2024 investor pitch deck engagement rose after global startup funding hit a five-year low. The analysis shows VCs are confident in the marketplace and founder
First Quarter Revenue of $631.3 Million, up 3.3% year-over-year; on a constant currency basis, up 3.2% year-over-year GAAP Operating Margin of 22.7% and Non-GAAP Operating Margin of 36.5% Net Cash Provided by Operating Activities of $175.5 Million and Free Cash Flow of $166.3 Million Dropbox, Inc. (NASDAQ:DBX), today announced financial results for its first quarter ended March 31, 2024. "In Q1, our core business delivered in-line revenue and better than anticipated profitability," said Dropbox Co-Founder and Chief Executive Officer Drew Houston. "We recently announced a collection of product updates designed to make it even easier for our users to secure, organize and share their c
End-to-end encryption for business teams brings added layer of protection to files, so only intended parties can access them. Integrations with Microsoft Teams, Co-Authoring, and Copilot help teams stay organized and work more easily with content stored in Dropbox. Dropbox Replay features speed up sharing, feedback cycles, and completion of rich media projects. New DocSend Advanced Data Rooms enable faster end-to-end deal execution. Dropbox Dash (beta), an AI-powered universal search tool, helps customers find what they need and simplify the workday. Today, Dropbox, Inc. (NASDAQ:DBX) announced new security, organization, and sharing features to give teams the control, flexib
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the third quarter ended September 30, 2024 after market close on Thursday, November 7, 2024. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is hea
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the second quarter ended June 30, 2024 after market close on Thursday, August 8, 2024. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is headqu
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the first quarter ended March 31, 2024 after market close on Thursday, May 9, 2024. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is headquart
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2023 after market close on Thursday, February 15, 2024. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of wor
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the third quarter ended September 30, 2023 after market close on Thursday, November 2, 2023. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the second quarter ended June 30, 2023 after market close on Thursday, August 3, 2023. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is headqu
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the first quarter ended March 31, 2023 after market close on Thursday, May 4, 2023. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.com. About Dropbox Dropbox is one place to keep life organized and keep work moving. With more than 700 million registered users across 180 countries, we're on a mission to design a more enlightened way of working. Dropbox is headquart
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2022 after market close on Thursday, February 16, 2023. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. The conference call can be accessed by using the web link at Dropbox's Q4 2022 earnings call. Once registered, the participant will receive a dial-in number and unique PIN number to access the call. To ensure you are connected prior to the beginning of the call, participants should register a minimum of 10 minutes before the start of the call. A liv
Acquisition will give customers a template library and a simple solution to create, complete, edit and save critical business forms and agreements, further bolstering Dropbox's end-to-end agreement workflow capabilities Dropbox, Inc. (NASDAQ:DBX), today announced it has acquired FormSwift, a cloud-based service that gives individuals and businesses a simple solution to create, complete, edit, and save critical business forms and agreements. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221216005070/en/(Graphic: Business Wire) "At Dropbox, we're building tools to help our customers succeed in today's virtual-first world by moder
Dropbox, Inc. (NASDAQ:DBX) announced today that it will report financial results for the third quarter ended September 30, 2022 after market close on Thursday, November 3, 2022. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. The conference call can be accessed by using the web link at Dropbox's Q3 2022 earnings call. Once registered, the participant will receive a dial-in number and unique PIN number to access the call. To ensure you are connected prior to the beginning of the call, participants should register a minimum of 10 minutes before the start of the call. A live webcast and rep
Similarweb Ltd. (NYSE:SMWB), a leading digital market intelligence company, is pleased to announce the appointment of Lisa Campbell and Barak Eilam to its Board of Directors, with overwhelming support at the general meeting of shareholders earlier today. Their extensive experience in scaling and leading successful SaaS and technology companies will further enhance Similarweb's strategic growth and industry leadership. Or Offer, Co-Founder and CEO of Similarweb, commented, "I am thrilled to welcome Lisa and Barak to our Board of Directors. They each bring extensive experience in growing and scaling software companies, and a deep understanding of business strategy and technology that align
Three-time CMO to lead and scale Amplitude's marketing organization Amplitude, Inc. (NASDAQ:AMPL), a leading digital analytics platform, today announced the appointment of Tifenn Dano Kwan as its new Chief Marketing Officer. With a track record for driving product-led growth, building strong teams, and accelerating pipeline, Dano Kwan will oversee all aspects of Amplitude's marketing organization. She will join Amplitude's executive leadership team and report to Thomas Hansen, Amplitude's President. "Our goal is to make Amplitude's #1-ranked product analytics solution the essential platform for product, data, engineering, and growth leaders alike," said Hansen. "As we scale our marketing
LÉVIS, QC, May 5, 2022 /CNW/ - QScale, a fast-growing company recognized for its innovative concept of eco-responsible computing centers, today announced the appointment of Sylvie Veilleux to its board of directors. Most recently, Veilleux served as the first Chief Information Officer at Dropbox (NASDAQ:DBX). "We're delighted to have Sylvie join our board of directors to accelerate our international growth. Sylvie has a deep understanding of the global technology scene, having held top management positions at renowned, fast-growing technology firms," said QScale's President Ma
Hootsuite today announced the appointment of four new directors to its Board of Directors. Julie Herendeen, Christiane Pendarvis, Dave Singh, and Carl Sparks join existing directors, Ryan Holmes, Tom Keiser and Jeff Lieberman on the Hootsuite board. Herendeen has been appointed Board Chair. "These new board appointments are an important step forward for Hootsuite as we transition from an investor board to an independent board," said Tom Keiser, Hootsuite CEO. "We have an incredible mix of talented leaders guiding our company, and I'm honored to welcome our newest board members to the team." Concurrent with the new additions, Sara Clemens and Shahrzad Rafati have transitioned from the boar
SAN FRANCISCO, Sept. 30, 2021 /PRNewswire/ -- Prezi, the most engaging way to share content on video, today announced the appointment of Sylvie Veilleux to its Board of Directors. Most recently, Veilleux served as the first chief information officer at Dropbox (NASDAQ:DBX). "Sylvie is a global technology leader with extensive experience driving digital transformation at the technical and talent levels for fast-growing technology companies like Dropbox, and we're thrilled to welcome Sylvie to our Board of Directors," said Jim Szafranski, chief executive officer, Prezi. "The majority of the Fortune 1000 have already begun virtual presenting through Prezi Video, and Sylvie will be an invaluabl
Citigroup analyst Steven Enders maintains Dropbox (NASDAQ:DBX) with a Neutral and lowers the price target from $26 to $25.
The Nasdaq 100 closed higher by more than 250 points on Wednesday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga’s insider transactions platform. Tenet Healthcare The Trade: Tenet Healthcare Corporation (NYSE:THC) Director Richard W Fisher sold a total of 1,400 sh
Dropbox (NASDAQ:DBX) reported its first-quarter financial results after the bell Thursday. Here's a look at the highlights. The Details: Dropbox reported quarterly earnings of 58 cents per share which beat the analyst consensus estimate of 50 cents by 16%. Quarterly sales came in at $631.3 million which beat the analyst consensus estimate of $628.67 million and is a 3.31% increase over sales of $611.1 million from the same period last year. Dropbox reported 18.16 million paying users for the quarter, as compared to 17.9 million for the same period last year. Paying users increased by 35,000 quarter-over-quarter. Average revenue per paying user was $139.59, as compared to $138.97 for t
Dropbox (NASDAQ:DBX) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.50 by 16 percent. The company reported quarterly sales of $631.30 million which beat the analyst consensus estimate of $628.67 million by 0.42 percent. This is a 3.31 percent increase over sales of $611.10 million the same period last year.
Wall Street is seeing a day of gains as all major indices traded in the green around noon in New York, driven by a surprising uptick in unemployment claims prompting speculation over Federal Reserve interest rate cuts. Jobless benefits rose from 209,000 to 231,000 in the week ending May 4, surpassing market expectations of 210,000 and reaching the highest level in eight months. Consequently, the U.S. dollar Index (DXY), tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:UUP), declined by 0.2% in reaction to the data, as market participants slightly increased bets on a September Fed cut. The S&P 500 index inched up by 0.1%, following Wednesday’s flat close, while blue chips
Trading in U.S. index futures suggests stocks may be off to a lackluster start again on Thursday. Much of the negativity in the recent session was triggered by the lack of clarity on the Federal Reserve’s rate trajectory. The spotlight is likely to be on another slew of earnings reports and a Fed speech scheduled for the day. While bullish analysts would like to focus on the resilience shown by the market amid the uncertainty, others warn of a challenging outlook following the breakdown of the broader uptrend in early April. FuturesPerformance (+/-)Nasdaq 100-0.21%S&P 500-0.16%Dow-0.16%R2K-0.54%In premarket trading on Thursday, the SPDR S&P 500 ETF Trust (NYSE:SPY) moved down 0.12% to $51
Earnings reports and a dovish stance from the Federal Reserve lifted stocks last week. Major indices reacted positively, particularly to earnings from high-profile companies that hold significant weight in the indexes. Tech Giants Lead Charge: Apple, Inc. (NASDAQ:AAPL) and Amazon, Inc. (NASDAQ:AMZN) were top performers. Apple impressed investors with a record $110 billion stock buyback plan and better-than-expected guidance for the June quarter. According to FactSet, a financial data analytics firm, 80% of S&P 500 companies have reported earnings so far. These reports have shown a higher-than-average percentage of companies exceeding earnings expectations and by a larger margin than us
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. Luna Innovations Incorporated (NASDAQ:LUNA) On March 25, Luna Innovations said Scott Graeff has retired from his role
Dropbox's (NYSE:DBX) short percent of float has risen 29.66% since its last report. The company recently reported that it has 19.68 million shares sold short, which is 8.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.01 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im