Dropbox, Inc. (DBX)

NASDAQ: DBX · IEX Real-Time Price · USD
24.00
+0.50 (2.11%)
Feb 27, 2024, 11:47 AM EST - Market open
2.11%
Market Cap 8.08B
Revenue (ttm) 2.50B
Net Income (ttm) 453.60M
Shares Out 343.98M
EPS (ttm) 1.31
PE Ratio 18.07
Forward PE 11.63
Dividend n/a
Ex-Dividend Date n/a
Volume 1,437,526
Open 23.58
Previous Close 23.50
Day's Range 23.56 - 24.14
52-Week Range 18.71 - 33.43
Beta 0.77
Analysts Hold
Price Target 31.00 (+29.19%)
Earnings Date Feb 15, 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 $31.0, which is an increase of 29.19% from the latest price.

Price Target
$31.0
(29.19% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Dropbox's stock is a falling knife worth catching

When does a falling knife become just too tempting not to try and catch? With the broader equity market surging to record highs on the back of a risk-on sentiment that keeps getting stronger, there ar...

4 days ago - MarketBeat

Dropbox Stock Falls Sharply as Analysts Question Its Growth

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

11 days 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...

11 days 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...

18 days 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 weeks 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...

5 weeks 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...

2 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
3 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
3 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...

3 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...

4 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...

4 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

4 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...

4 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.

4 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...

4 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, ...

5 months ago - Business Wire

PayPal and Dropbox stocks fall after downgrades, GM shares inch higher, and more stocks on the move

MariaDB PLC shares MRDB, -1.36% jumped 9% in premarket trading on Monday after venture capital group Runa Capital said Friday it had offered to buy the system software group for 56 cents a share in ca...

Other symbols: GMPYPL
5 months ago - Market Watch

From Growth-At-All-Costs to Cost of Missing Out: DocSend Pre-Seed Report Shows Investor Shift to Long-Term Profitability and Risk Aversion

Founders use strategic pitch decks to break through to investors amid increased pitch deck review times and prolonged due diligence periods SAN FRANCISCO , Aug. 24, 2023 /PRNewswire/ -- DocSend , a se...

6 months ago - PRNewsWire

Dropbox Announces Fiscal 2023 Second Quarter Results

SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its second quarter ended June 30, 2023. “In Q2, we delivered a solid quarter beating our guidance acr...

7 months ago - Business Wire

Dropbox to Announce Second Quarter 2023 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, 2023 after market close on Thursday, August 3, 2...

8 months ago - Business Wire

DocSend Mid-Year 2023 Pitch Deck Interest Analysis Indicates Growing Gap in Founder and Investor Activity

Founders seeking capital see limited opportunities as investors take their time – and their summer vacations SAN FRANCISCO , July 13, 2023 /PRNewswire/ -- DocSend , a secure document sharing platform ...

8 months ago - PRNewsWire

AI-Powered Dropbox Sees Stock Soar: A Comeback in the Making?

Dropbox staged a big rally beginning in November 2020 and lasting through August 2021 amid the work-from-home transition as companies signed up legions of remote workers for the company's document sha...

8 months ago - MarketBeat

Dropbox Launches AI-Powered Products to Search and Organize Cloud Data

Dropbox has announced on Wednesday (June 21) the launch of its new AI-powered products, Dropbox Dash and Dropbox AI, to help customers search, organize and gain insights from their cloud content.

8 months ago - PYMNTS

Dropbox CEO on A.I. tool launch, A.I.

CNBC's Deirdre Bosa joins 'Power Lunch' with Dropbox CEO Drew Houston to discuss the company launching new AI tools.

8 months ago - CNBC Television