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DBX

Dropbox Reported Results in line With Analysts' Expectations Dropbox ( NASDAQ:DBX ), a cloud storage and e-signature company, reported Q1 earnings results in line with analysts' expectations, with revenue up 3.3% year on year to $631.3 million. The company made a non-GAAP profit of $0.58 per share, improving from its $0.42 per share in the same quarter last year. Dropbox's gross margin (GAAP) was 83.2%, up from 80.9% in the same quarter last year. Dropbox'S ( NASDAQ:DBX ) core business delivered in-line revenue and better than anticipated profitability in Q1. Dropbox's revenue growth has been unremarkable over the last three years, growing from $511.6 million in Q1 2021 to $631.3 million this quarter. However, the company's quarterly revenue was only up 3.3% year on year, which might disappoint some shareholders. Additionally, Dropbox's revenue decreased by $3.7 million in Q1 compared to the $2 million increase in Q4 CY2023. Analysts covering the company were expecting sales to grow 1.6% over the next 12 months before the earnings results announcement. Technical Outlook NASDAQ:DBX stock is in a Falling Wedge pattern. Which started as a result of the downward Gap from the start of February. Further accentuating the bearish trend is the Relative Strength Index (RSI) of 41.91. In the short term, NASDAQ:DBX is poised for a trend reversal after falling for quite some time.
NASDAQ:DBXLong
by DEXWireNews
Dropbox Plummets Over 20% After Disappointing Guidance Dropbox ( NASDAQ:DBX ) experienced a sharp decline in its stock price, plummeting more than 20% following its latest financial report and guidance. Several analysts have downgraded the cloud storage provider, citing concerns over its growth prospects and revenue outlook for 2024. The company's failure to meet revenue estimates has raised red flags among investors and analysts alike. Analysis of Downgrades: Bank of America Securities' Michael Funk downgraded Dropbox ( NASDAQ:DBX ) from Buy to Underperform, emphasizing that the bullish case for NASDAQ:DBX has run its course. He highlighted the company's disappointing results, guidance, and commentary, indicating a negative shift in its risk/reward profile. Funk's decision to slash the price target reflects his skepticism about Dropbox's future performance. Goldman Sachs' Kash Rangan echoed similar sentiments, downgrading Dropbox's rating to Sell from Neutral. Rangan emphasized the need for a re-acceleration of growth, a robust small- and medium-sized business environment, and tangible proof points in artificial intelligence (AI). His decision to lower the price outlook underscores doubts about Dropbox's ability to meet investor expectations. JMP Securities' Patrick Walravens expressed concerns about Dropbox's decline in annual recurring revenue and the number of paying users. He raised questions about the company's durability in the face of these challenges, prompting him to downgrade the rating from Market Outperform to Market Perform. Walravens' decision reflects broader uncertainties surrounding Dropbox's long-term viability. Implications for Investors: The significant decline in Dropbox's ( NASDAQ:DBX ) stock price highlights investor apprehensions about its growth trajectory and ability to deliver on revenue targets. The downgrades from prominent analysts signal a loss of confidence in the company's prospects, leading many investors to reassess their positions. With Dropbox shares only slightly in positive territory for the past year, the latest setback underscores the challenges facing the cloud storage provider. Looking Ahead: Dropbox ( NASDAQ:DBX ) now faces the daunting task of regaining investor trust and reigniting growth amid mounting concerns. The company must address underlying issues such as slowing revenue growth and dwindling user numbers while demonstrating a clear path forward. As competition in the cloud storage market intensifies, Dropbox ( NASDAQ:DBX ) must innovate and differentiate itself to maintain its relevance and appeal to investors. Conclusion: The steep decline in Dropbox's ( NASDAQ:DBX ) stock price following disappointing guidance underscores the challenges ahead for the cloud storage provider. Analyst downgrades reflect broader concerns about the company's growth prospects and ability to meet investor expectations. Dropbox ( NASDAQ:DBX ) now faces a critical juncture in its trajectory, requiring decisive action to regain investor confidence and chart a path toward sustainable growth in an increasingly competitive market landscape.
NASDAQ:DBXShort
by DEXWireNews
Dropbox Inc. ($DBX) - A Bullish Outlook Dropbox Inc. (NASDAQ: NASDAQ:DBX ) has been turning heads in the financial markets, capturing the attention of investors and analysts alike. Thomas Blakey, an analyst at Keybanc, recently affirmed his bullish sentiment towards NASDAQ:DBX , raising the price target to $37 from $32 and assigning an Overweight rating. This positive outlook is underlined by NASDAQ:DBX 's recent stock performance, which showcases a robust upward trajectory. Positive Technical Indicators: As of January 20, 2024, NASDAQ:DBX continues to trade near the top of its 52-week range, signaling investor confidence in the company's potential. The stock's ability to stay above its 200-day simple moving average reinforces the notion of a sustained uptrend. Despite a slight dip of $0.03 in after-hours trading, it's important to interpret this movement cautiously, given the typically lower trading volumes during that period. Analyst Endorsement and Price Target: Thomas Blakey's Overweight rating and increased price target are indicative of a strong belief in NASDAQ:DBX 's future performance. This endorsement implies that NASDAQ:DBX is expected to outperform its industry peers, providing investors with above-average returns. The revised price target of $37 suggests further room for growth, presenting an enticing opportunity for those looking to capitalize on the potential upside. Financial Performance Highlights: The financials for DBX on January 20, 2024, present a compelling narrative of success. The total revenue for the past year reached $2.32 billion, marking a commendable 7.74% increase from the previous year. The stability of total revenue at $633.00 million in the third quarter showcases the company's ability to maintain consistent performance. Surge in Net Income: Perhaps the most striking aspect of NASDAQ:DBX 's performance is the surge in net income. At $553.20 million for the past year, the company witnessed an impressive 64.74% increase compared to the previous year. Moreover, net income soared by an extraordinary 164.12% since the previous quarter, reflecting the effectiveness of NASDAQ:DBX in capitalizing on market opportunities. Earnings per Share (EPS) Growth: Investors will be pleased to note DBX's robust earnings per share growth. With an EPS of $1.24 for the past year, the company experienced a substantial 46.23% increase compared to the previous year. Furthermore, the EPS increased by an impressive 162.37% since the previous quarter, further solidifying the positive trajectory. Investor Implications: NASDAQ:DBX 's stellar financial performance on January 20, 2024, paints a promising picture for the company's stock. The surge in net income and EPS demonstrates NASDAQ:DBX 's ability to monetize its offerings effectively and generate higher profits. Investors seeking long-term growth prospects may find DBX an attractive investment option. Conclusion: In conclusion, the combination of positive technical indicators, analyst endorsement, and stellar financial performance positions Dropbox Inc. ( NASDAQ:DBX ) as a standout investment opportunity. As the company continues to demonstrate its capacity for growth and profitability, investors may find themselves drawn to the potential rewards offered by NASDAQ:DBX 's resilient performance in the competitive market.
NASDAQ:DBXLong
by DEXWireNews
Dropbox to find resistance at current swing high?Dropbox - 24h expiry - We look to Sell at 22.14 (stop at 22.94) Expect trading to remain mixed and volatile. Previous support at 22.00 now becomes resistance. The medium term bias is neutral. 22.33 has been pivotal. Preferred trade is to sell into rallies. Price action has resulted in a bearish candle after the previous swing high found selling interest at the Ichimoku cloud. Our profit targets will be 20.14 and 19.74 Resistance: 20.50 / 21.50 / 22.33 Support: 20.00 / 19.22 / 18.71 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:DBXShort
by VantageMarkets
Dropbox price action remains mixed.Dropbox - 30d expiry - We look to Sell at 22.14 (stop at 22.94) Expect trading to remain mixed and volatile. Previous support at 22.00 now becomes resistance. The medium term bias is neutral. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 20.14 and 19.74 Resistance: 20.80 / 21.50 / 22.20 Support: 20.28 / 20.00 / 19.22 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:DBXShort
by VantageMarkets
DROPBOX - BULLISH SCENARIOOn Thursday the cloud-based data storage company reported fiscal fourth-quarter results that exceeded Wall Street analysts forecasts, and it topped $2 billion in annual sales. The reported Q3 EPS of $0.43, $0.05 better than the analyst estimates of $0.38. Revenue for the quarter came in at $591 million versus the consensus estimate of $586.15 million. The short-term price target is located at $ 25 and the long-term at $ 32. In other words that`s between 15 % to 50% possible return Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:DBXLong
by legacyFXofficial
DBX: Fib to cap rallies?Dropbox Short Term - We look to Sell at 22.37 (stop at 23.10) The medium term bias remains bearish. We are assessed to be in a corrective mode higher. A Fibonacci confluence area is located at 22.40. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 20.61 and 20.00 Resistance: 22.50 / 25.00 / 33.00 Support: 20.60 / 17.70 / 14.50 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:DBXShort
by VantageMarkets
$DBX $LIT $AMD $SLB I OptionsSwing WatchlistDBX 1D I DBX is breaking out from a possible bull flag on the daily after rumors that it was approached a month ago in attempts to be acquired by another company. LIT 1D I Energy stocks and lithium stocks in general have been overperforming the market for the past two weeks. Watching for a breakout from this downtrend. AMD 1D I AMD is forming a possible bear flag on the daily time frame. We have resistance near $110 and support close to $106. AMD is breaking out from a downtrend. SLB 1D I SLB has been holding $46. Energy stocks keep on outperforming the market, and I've seen bullish trades on some energy stocks like SLB MRO among others.
NYSE:SLB
by optionsswing
Dropbox - potential fifth wave up?I tried to mark the waves and it is quite challenging to do it it for the uptrend. I declined a potential 5-waves move up as a diagonal, as wave iii is longer than wave i, although it fits within the narrowing trend lines (will paste in the update section below). As a working option, I arrived at the potential expanding leading diagonal, that has the potential of breaking the ATH (post-IPO high) in a way shown on the chart. Hope you find this analysis helpful, if you invest in DBX. It is worth noting, that current price may be quite attractive given the 25% discount from the recent swing high)) Trade safe!
NASDAQ:DBXLong
by UnknownUnicorn3382580
1
Dropbox (DBX) Trade AnalysisDespite good earnings, Dropbox shares have lost about 20% from their August highs. The news points in one direction only: several hedge funds have liquidated their positions and often this results in concomitant openings of put options. There is nothing negative about the fundamental analysis. From a technical point of view, we are already on an interesting level from a volumetric point of view, not far away we have the most interesting level, just above the POC of the last year and a half, in the area of $ 23.50. It is reasonable to assume an upward push, especially from that level, with the target: - $ 30 is the most conservative - $ 31 resistance which held the price several times, where the bears won the battle with the bulls - $ 33 last 3 years high, destined to be broken sooner or later See you soon for other market updates. Happy trading Lazy Bull DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
NASDAQ:DBXLong
by LazyBull5
Dropbox LONGSignals : Entry price: 25,77 Target price: 32,62 Stop loss: 24,57 Indicators : Keltner channel - price moved down to the lower boundary of the channel. RSI reaches lower levels which suggests oversold conditions ADX is a little bit above the 20. -DI crossed over +DI and the space between them is wide. Conclusion : The entry price is at the support of one of the Fibbonacci retracement level. RSI was approaching the oversold area and now is going up - people have started to buy the asset. The ADX is increasing from the 20 level. The -DI is starting to decrease and is above the +DI which indicates the buy signal. The long position is recommended. no financial advice
NASDAQ:DBXLong
by vf_investment
DBX clear way towards $34.00Today, we will share our view on DBX The main two key items we were paying attention was the first resistance zone and the ABC pattern on the edge of it. From there, we defined the next target based on previous situations, and 34.00 was the place where we saw clear rejections. Now we can think about the shape of the ascending movement, and we can use the cloned channels as guidelines for it. From current levels, we expect a resolution of this movement between 70 to 120 days. Thanks for reading!
NASDAQ:DBXLong
by ThinkingAntsOk
DBX Stock 10/04/21 Analysis 4H Chart- Trend Analysis - 📑Value: 10/20 📈Growth: 18/20 💰Profitability 16/20 🚀Momentum: 8/20 💸Earnings: 16/20 🖇️Total Score: 68/100 Data: Volume 4.10M Average Volume (3 months) 8.32M Previous Close $27.69 Open $27.46 Shares Outstanding 319.67M Technicals: ( Simple Moving Average ) 10D SMA $27.04 (-0.18%) 50D SMA $24.98 (+8.06%) 200D SMA $21.88 (+23.38%) Market Cap $11.16B Total Debt $1.12B Cash $1.12B Enterprise Value $11.15B Revenue $1.01B Gross Profit $1.50B Net Income -$256.30M EPS Diluted -$0.62 Free Cash Flow / Share $1.18
NASDAQ:DBXLong
by investor_kings
US Stock In Play: $DBX (Dropbox Inc)$DBX is currently morphing out a Bullish Flag pattern, after initiating a breakout of its $25 year long price resistance. The total cumulative gain attained for this 5 days flag formation stance at +14.33%, with $DBX currently trading at its 52 weeks high at $28.07. With implied volatility of $DBX having picked up since December 2020, and currently trading at $1.10/day ATR in consolidated price action, $DBX is poised for a further continuous breakout towards $33 target. $DBX 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.
NASDAQ:DBXLong
by jfsrevg