Dropbox, Inc. (DBX)

NASDAQ: DBX · Real-Time Price · USD
26.89
+0.22 (0.82%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.82%
Market Cap 8.33B
Revenue (ttm) 2.54B
Net Income (ttm) 576.80M
Shares Out 309.73M
EPS (ttm) 1.76
PE Ratio 15.26
Forward PE 10.52
Dividend n/a
Ex-Dividend Date n/a
Volume 2,095,848
Open 26.60
Previous Close 26.67
Day's Range 26.54 - 26.93
52-Week Range 20.68 - 33.43
Beta 0.61
Analysts Hold
Price Target 28.67 (+6.62%)
Earnings Date Nov 7, 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 7 analysts, the average rating for DBX stock is "Hold." The 12-month stock price forecast is $28.67, which is an increase of 6.62% from the latest price.

Price Target
$28.67
(6.62% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Dropbox to Present at the 2024 UBS Global Technology and AI Conference

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

1 day ago - Business Wire

Dropbox: This Situation Is A Falling Knife

Dropbox's user growth has nearly halted, with revenue growth sliding to low single digits and customer acquisition faltering, signaling more downside ahead. Dropbox faces stiff competition from Box an...

8 days ago - Seeking Alpha

Dropbox, Inc. (DBX) Q3 2024 Earnings Call Transcript

Dropbox, Inc. (DBX) Q3 2024 Earnings Call Transcript

13 days ago - Seeking Alpha

Dropbox Announces Fiscal 2024 Third Quarter Results

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

13 days ago - Business Wire

Tech layoffs continue in October 2024 as Dropbox, Tidal, Meta, and other high-profile companies cut jobs ahead of the holidays

A number of big-name tech companies continued to make job cuts in the month that just ended. October saw job losses in the thousands at some of the industry's biggest players, according to job site la...

Other symbols: META
16 days ago - Fast Company

Dropbox lays off 20% of its workforce as CEO blames ‘excess layers of management' for stunted growth

Dropbox is dropping a huge chunk of its head count.

20 days ago - Fast Company

Dropbox stock price analysis: why is DBX ailing?

Dropbox (DBX) stock price has been boring since the company went public in 2018. It has remained largely unchanged even as its annual revenue has risen gradually to over $2.5 billion.

21 days ago - Invezz

Dropbox slashes 20% of global workforce, eliminating more than 500 roles

Dropbox will lay off 20% of its global workforce, the equivalent of 528 roles, CEO Drew Houston announced Wednesday in a note to staff. Dropbox will be making cuts to the parts of its business where t...

21 days ago - CNBC

Dropbox to cut 20% of workforce as it moves to boost growth

Dropbox Inc.'s stock rose 3.9% Wednesday after the online-storage platform said it expects third-quarter earnings to meet or beat guidance for revenue and other metrics but also said it's cutting abou...

21 days ago - Market Watch

Dropbox is laying off 20% of its staff

Dropbox is letting go 20% of its workforce as the cloud company undergoes what CEO Drew Houston calls a “transitional period.”

21 days ago - TechCrunch

Dropbox to Announce Third Quarter 2024 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, 2024 after market close on Thursday, Novembe...

4 weeks ago - Business Wire

Introducing Dropbox Dash for Business — AI-powered Universal Search That Finds Anything and Protects Everything at Work

SAN FRANCISCO--(BUSINESS WIRE)--Today, Dropbox, Inc. (NASDAQ: DBX) announced Dropbox Dash for Business—the latest iteration of its AI-powered universal search product—which combines universal search, ...

5 weeks ago - Business Wire

Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed slightly higher during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.

Other symbols: COINEAWYNN
2 months ago - Benzinga

Dropbox acquires Reclaim, a calendar app that uses ‘AI scheduling' to boost productivity

Reclaim.ai, a Portland, Ore.-based startup that uses AI to help companies prioritize tasks and coordinate schedules with a calendar app, has been acquired by file management giant Dropbox.

3 months ago - GeekWire

Dropbox: Top Line Trends Are Worsening Further

Dropbox posted weak Q2 results that do little to reassure investors that the stock is capable of a rebound. Revenue growth decelerated to 1.8%, which is virtually zero growth as customer additions con...

3 months ago - Seeking Alpha

After Earnings Beat, Dropbox Growth Is Worth Keeping An Eye On

Dropbox has seen slowing growth, but beat earnings estimates last week and reported 18.22 million paying users. The company offers various premium services related to data storage and sharing, investi...

3 months ago - Seeking Alpha

Dropbox Needs Stronger SMB And User Growth Signals, Analysts Say

Dropbox Inc DBX stock is trading higher after the company reported better-than-expected second-quarter financial results Thursday.

3 months ago - Benzinga

Dropbox, Inc. (DBX) Q2 2024 Earnings Call Transcript

Dropbox, Inc. (NASDAQ:DBX) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Peter Stabler - IR Andrew Houston - Co-Founder & CEO Timothy Regan - CFO Conference Call Par...

3 months ago - Seeking Alpha

Dropbox Announces Fiscal 2024 Second Quarter Results

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

3 months ago - Business Wire

Dropbox to Announce Second Quarter 2024 Earnings Results

SAN FRANCISCO--(BUSINESS WIRE)--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, 2...

4 months ago - Business Wire

End to Gloomy Startup Landscape as Investors Prepare For Dealmaking, According to DocSend Mid-Year Metrics Analysis

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...

4 months ago - PRNewsWire

DocSend Report Shows Funding Gap Widens, Underrepresented Founders Hit Hardest by the Venture Slowdown

Female and minority founders spent the most time fundraising to raise the least amount of money SAN FRANCISCO , June 5, 2024 /PRNewswire/ -- Racially diverse, all-female startup founding teams spent t...

6 months ago - PRNewsWire

SoSafe Appoints Dropbox Senior Executive Laura Ryan as Chief People Officer

COLOGNE, Germany--(BUSINESS WIRE)--SoSafe, Europe's largest security awareness and human risk management vendor, has appointed seasoned HR executive Laura Ryan as Chief People Officer to support the o...

6 months ago - Business Wire

Dropbox: Land-And-Expand Masterclass

Dropbox is a pioneering B2C cloud company with over 18 million paying users and a focus on currently providing comprehensive solutions for individuals and businesses. The company demonstrates robust p...

6 months ago - Seeking Alpha

Dropbox, Inc. (DBX) Q1 2024 Earnings Call Transcript

Dropbox, Inc. (NASDAQ:DBX) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Peter Stabler - IR Andrew Houston - Co-Founder, Interim President, CEO & Chairman Timothy Regan...

6 months ago - Seeking Alpha