Dropbox has received a consensus rating of Buy. The company’s average rating score is 2.57, and is based on 5 buy ratings, 1 hold rating, and 1 sell rating.
Correspondingly, Is Dropbox publicly traded? The company filed for an initial public offering (IPO) in 2018, pricing its shares at $16-$18 a piece, putting its valuation as high as $8 billion.
What kind of stock is Dropbox? Key Data
| Label | Value |
|---|---|
| Sector | Technology |
| Industry | Computer Software: Prepackaged Software |
| 1 Year Target | $38.00 |
| Today’s High/Low | $23.29/$22.33 |
Furthermore, Why is DBX stock dropping?
Key Points. Dropbox stock dropped 19.3% in November after Q3 earnings results. The results looked strong, so the sell-off probably came from broad market pressure on tech stocks. The stock now trades at a price-to-free cash flow ratio of 12.5.
Is Dropbox a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank.
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Momentum Scorecard. More Info.
| Zacks Rank | Definition | Annualized Return |
|---|---|---|
| 1 | Strong Buy | 24.93% |
| 2 | Buy | 18.44% |
| 3 | Hold | 9.99% |
| 4 | Sell | 5.61% |
Is dbx stock a good buy? Good news, investors! Dropbox is still a bargain right now. According to my valuation, the intrinsic value for the stock is $48.92, which is above what the market is valuing the company at the moment. This indicates a potential opportunity to buy low.
Is Dropbox undervalued? Dropbox is undervalued in comparison to market peers who trade at much higher multiples. Value based fund manager Distillate Capital pointed out in May how FCF yields were below their historical average. Below you can see the historical average yield for equity with a median below 5% (1985 – 2021 May).
Is Dropbox growing? For the last couple of years, Dropbox has solidified Revenue and Cash Flow growth while at the same time reaching profitability. Over the last five years, Total Revenue has grown at a CAGR of 26% while Cash Flow from Operations has grown, for the 2016-2021 period, at a 23% CAGR.
Will Dropbox be acquired?
Activist fund Elliott Management has procured over 10% stake in Dropbox Inc (NASDAQ: DBX), valued at over $800 million, becoming the cloud storage group’s biggest institutional shareholder by beating Vanguard Group, the Wall Street Journal reported.
Why did Dropbox stock go up? Dropbox ( DBX -1.72% ) climbed by 10% in 2021 due to shifting valuation ratios and steady growth. After building some momentum on positive fundamental results early in the year, the stock became one of the victims of the fourth quarter’s stay-at-home sell-off.
How does Dropbox make profit?
Dropbox uses a freemium business model, where users are offered a free account with a set storage size, with paid subscriptions available that offer more capacity and additional features. Accordingly, Dropbox’s revenue is a product of how many users they can convert to their paid services.
Is Dropbox a profitable company? For its full fiscal 2021 year, Dropbox reported a net income of $335.8 million on revenue of $2.16 billion.
Is Google Drive Better than Dropbox?
Google Drive gives you more space with its free account compared to Dropbox and while both let you pay additional storage Dropbox’s maximum is 3TB while Google Drive’s is 30TB. Dropbox does follow and sync changes made to files quicker than Google Drive.
Is Dropbox owned by Microsoft?
Both Dropbox and OneDrive are similar because of their ties to the Microsoft platform. OneDrive is the Microsoft cloud storage, so it of course syncs with Microsoft 365 products like Word, Excel and PowerPoint. … The next way in which Dropbox and OneDrive are the same is mobile accessibility.
Does Dropbox buy zoom? According to reports, Zoom is likely to purchase Dropbox and Smartsheets to create a more centralized platform for enterprise-level collaboration. The same analysts say that the company will notice an improvement in revenue compared to working as a standalone firm.
Is Dropbox a good company? So we’re proud to announce that Dropbox has been recognized by Great Place to Work on six of their ‘Best Workplaces’ lists in 2020. This year, we ranked: #15 in Fortune Best Workplaces in Technology™ 2020 (Large) #15 in Fortune Best Workplaces in New York™ 2020 (Large)
What is Dropbox and do I need it?
Dropbox is a home for all your work. You can store and share files, collaborate on projects, and bring your best ideas to life—whether you’re working alone or with colleagues and clients. With Dropbox, all your files are backed up to the cloud and available online.
What’s it like working at Dropbox? Great relationships with coworkers and a relaxed environment
I really enjoyed working with all of my coworkers, and while there was a constant laid back attitude, everyone got work done and more. Dropbox hires well, everyone I worked with is motivated and happy to be social.
Does Dropbox have debt?
Dropbox long term debt for 2020 was $0.172B, a 24.17% increase from 2019. Dropbox long term debt for 2019 was $0.138B, a 53.73% increase from 2018. Dropbox long term debt for 2018 was $0.09B, a 25.56% increase from 2017.
What is the future for Dropbox? Consensus estimates show that the market expects the firm’s revenue growth rate to decline from 14% in 2020 to just 10% in 2022. The market also expects Dropbox to lose more market share given that the global cloud storage market is expected to grow much faster (by 22% compounded annually from 2020 to 2025).
Is Dropbox still relevant?
If you just want to sync files and folders between multiple devices, Dropbox is hard to beat. It’s fast, it’s reliable, and it works invisibly in the background. Dropbox doesn’t come with a lot of extra features, but by focusing on its core product, the company still manages to have one of the best products around.
Why is Dropbox not making money? Dropbox slips to a loss after taking $400 million real estate hit due to remote work. Dropbox swung from being profitable to losing money in the fourth quarter as it transitioned to a remote configuration, following technology companies such as Atlassian and Twitter.
Who owns Dropbox now? Drew Houston is the CEO of Dropbox, a file storage and sharing service that has more than 500 million users. Houston cofounded the company in 2007, when he was 24, with MIT classmate Arash Ferdowsi. The cloud storage provider went public in March 2018, with shares jumping more than 35% on its first day.
Why is Dropbox so popular?
File organization – The user experience within Dropbox is very good. File folders can be created with relative ease, with subfolders also simple to create. In addition, the search function within Dropbox lets users quickly locate particular files that might have been misfiled or buried deep within a subfolder.