Dropbox, Inc. (DBX)

NASDAQ: DBX · IEX Real-Time Price · USD
23.73
-0.23 (-0.96%)
At close: May 17, 2024, 4:00 PM
23.40
-0.33 (-1.39%)
After-hours: May 17, 2024, 7:55 PM EDT
-0.96%
Market Cap 7.85B
Revenue (ttm) 2.52B
Net Income (ttm) 516.90M
Shares Out 330.19M
EPS (ttm) 1.51
PE Ratio 15.72
Forward PE 11.39
Dividend n/a
Ex-Dividend Date n/a
Volume 1,875,394
Open 23.75
Previous Close 23.96
Day's Range 23.66 - 23.97
52-Week Range 22.02 - 33.43
Beta 0.70
Analysts Hold
Price Target 30.57 (+28.82%)
Earnings Date May 9, 2024

About DBX

Dropbox, Inc. provides a content collaboration platform worldwide. The company's platform allows individuals, families, 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. It serves customers in professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorp... [Read more]

Sector Technology
IPO Date Mar 23, 2018
Employees 2,693
Stock Exchange NASDAQ
Ticker Symbol DBX
Full Company Profile

Financial Performance

In 2023, Dropbox's revenue was $2.50 billion, an increase of 7.60% compared to the previous year's $2.32 billion. Earnings were $453.60 million, a decrease of -18.00%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for DBX stock is "Hold." The 12-month stock price forecast is $30.57, which is an increase of 28.82% from the latest price.

Price Target
$30.57
(28.82% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Dropbox's results get a break from investors after big sell-off in February

After taking a big hit during its last round of earnings, shares of Dropbox Inc. rose on Thursday after the online-storage platform reported first-quarter results that topped Wall Street's estimates.

9 days ago - Market Watch

Dropbox Announces Fiscal 2024 First Quarter Results

SAN FRANCISCO--(BUSINESS WIRE)--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 bette...

9 days ago - Business Wire

Earnings Exchange: Dropbox, ZipRecruiter & Sphere Entertainment

Lee Munson, president and CIO at Portfolio Wealth Advisors, shares outlooks on three trades: Dropbox, ZipRecruiter, and Sphere Entertainment.

Other symbols: SPHRZIP
9 days ago - CNBC Television

Dropbox says cybersecurity incident is unlikely to have a material impact on operations

Dropbox Inc. DBX, +1.42% said on Wednesday a cybersecurity incident “has not had, and we do not believe it is reasonably likely to have” a material impact on overall operations. The cloud-storage comp...

17 days ago - Market Watch

Dropbox 2024 Spring Release: Introducing Seamless End-to-end Encryption, Microsoft Co-Authoring, New Dropbox Replay Features, and More

SAN FRANCISCO--(BUSINESS WIRE)--Today, Dropbox, Inc. (NASDAQ: DBX) announced new security, organization, and sharing features to give teams the control, flexibility, and speed to get work done from an...

24 days ago - Business Wire

Dropbox to Announce First Quarter 2024 Earnings Results

SAN FRANCISCO--(BUSINESS WIRE)--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...

4 weeks ago - Business Wire

Investor Activity Surpasses 2021 Engagement Levels, Hits Q1 Record High According to DocSend 2024 Data

Investors and founders are busier, showing significant quarterly and yearly growth in future dealmaking metrics SAN FRANCISCO, April 11, 2024 /PRNewswire/ --  DocSend , a secure document sharing platf...

5 weeks ago - PRNewsWire

Top 5 Tech Stocks That Could Lead To Your Biggest Gains This Month - Dropbox (NASDAQ:DBX), Digital Turbine (NASDAQ:APPS)

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.

Other symbols: APPSIDCCLUNAMDB
6 weeks ago - Benzinga

Half Moon Capital, LLC Issues Letter to Board of Dropbox Urging Course Correction

NEW YORK--(BUSINESS WIRE)--Half Moon Capital, LLC is releasing its open letter to the Board of Directors of Dropbox (Nasdaq:DBX) and seeks to engage constructively on corrective course. February 28, 2...

2 months ago - Business Wire

Dropbox Stock Falls Sharply as Analysts Question Its Growth

Analysts reduce their ratings on Dropbox after the company issues disappointing revenue guidance.

3 months ago - Barrons

Dropbox Announces Fourth Quarter and Fiscal 2023 Results

SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its fourth quarter and fiscal year ended December 31, 2023. “I'm encouraged by the progress we made i...

3 months ago - Business Wire

Dropbox Teams Up With McLaren Racing as an Official Technology Partner of McLaren Formula 1 Team

SAN FRANCISCO--(BUSINESS WIRE)--Today, Dropbox, Inc. (NASDAQ: DBX) and McLaren Racing announced a multi-year partnership with the McLaren Formula 1 Team for the 2024 season and beyond. The partnership...

3 months ago - Business Wire

Dropbox to Announce Fourth Quarter and Fiscal 2023 Earnings Results

SAN FRANCISCO--(BUSINESS WIRE)--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 T...

4 months ago - Business Wire

DocSend 2023 Year-End Data Indicates Positive Fundraising Momentum Going Into 2024

Pitch Deck Interest metrics post gains in investor engagement after six quarters of consistent decline  SAN FRANCISCO , Jan. 17, 2024 /PRNewswire/ -- DocSend, a secure document sharing platform and Dr...

4 months ago - PRNewsWire

Why Now?: Successful Founders Display Urgency Among Market Competition in DocSend's Annual Seed Report

Fundraising cycles grow longer while investors plow through pitch decks SAN FRANCISCO , Dec. 7, 2023 /PRNewswire/ -- Dropbox DocSend, a secure document sharing platform and part of Dropbox (NASDAQ: DB...

5 months ago - PRNewsWire

Nvidia just partnered with Dropbox on AI tools: find out more

Dropbox Inc (NASDAQ: DBX) is in focus today after Nvidia Corp (NASDAQ: NVDA) said it had partnered with the file hosting service. Dropbox customers to benefit from AI tools On Friday, the California-b...

Other symbols: NVDA
6 months ago - Invezz

Dropbox and NVIDIA Team to Bring Personalized Generative AI to Millions of Customers

SAN FRANCISCO--(BUSINESS WIRE)--Today, Dropbox, Inc. (NASDAQ:DBX) and NVIDIA (NASDAQ: NVDA) announced a collaboration to supercharge knowledge work and improve productivity for millions of Dropbox cus...

Other symbols: NVDA
6 months ago - Business Wire

Fivetran Helps Dropbox Discover Business Insights

OAKLAND, Calif.--(BUSINESS WIRE)--Fivetran today announced that its data movement platform has been selected by Dropbox, Inc. (NASDAQ: DBX) to enable its marketing and customer experience teams to mak...

6 months ago - Business Wire

Dropbox Announces Fiscal 2023 Third Quarter Results

SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its third quarter ended September 30, 2023. “In Q3, we delivered a solid quarter, beating our revenue...

7 months ago - Business Wire

Dropbox plans to pay $79 million to shrink its huge SF office, after CEO says the RTO push will fail

Dropbox will pay $79 million to give up 165,000 square feet of office space at its San Francisco HQ. The company switched to remote working during the pandemic and workers now follow a '90/10' routine...

7 months ago - Business Insider

Dropbox handing over 25% of San Francisco HQ back to landlord as commercial real estate softens

San Francisco is seeing its highest office vacancy rate since at least 2007 as Dropbox and other companies allow employees to work from home

7 months ago - CNBC

Dropbox CEO Drew Houston: Subscribers are using AI-powered tools to solve new problems

CNBC's Deirdre Bosa sits down with Dropbox CEO Drew Houston to discuss how their paying subscribers are utilizing their AI tools, whether their AI tools have allowed them to broaden their reach in ent...

7 months ago - CNBC Television

Dropbox Co-Founder Leads Clockwork's Community Investment Round with Over $5,600,000 Raised, Inviting the Public to Invest Alongside Renowned Investors

SAN FRANCISCO--(BUSINESS WIRE)--Dropbox Co-Founder Leads Clockwork's Community Investment Round with $5.6M+ Raised, Inviting the Public to Invest Alongside Renowned Investors.

7 months ago - Business Wire

Dropbox to Announce Third Quarter 2023 Earnings Results

SAN FRANCISCO--(BUSINESS WIRE)--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, Novembe...

7 months ago - Business Wire

Dropbox is Powering the Next Generation of Knowledge Work

SAN FRANCISCO--(BUSINESS WIRE)--Today at its Work in Progress user conference, Dropbox (NASDAQ: DBX) announced enhancements to its latest category of AI-powered products, Dropbox AI and Dropbox Dash, ...

7 months ago - Business Wire