Our Zacks estimates call for DBX’s adjusted earnings to jump 42% in fiscal 2020 to reach $0.71 per share, with its 2021 EPS figure set to climb another 24% higher. This marks a discount compared to its highly-ranked industry’s 5.4X average and its own one-year median of 4.5X. Plus, Dropbox is trading at 3.9X forward 12-month Zacks sales estimates. “We closed the year with more than $1.6 billion in revenue, over 450,000 Dropbox business teams, and millions of people using our new foreground app that keeps Dropbox at the center of our users' workflows.”ĭropbox stock has jumped over 16% in the last two weeks and could benefit from its work-remote capabilities and appeal, alongside Zoom Video ZM, Netflix NFLX, and other stocks that seem fit for our current coronavirus economy.ĭBX’s earnings revisions remain largely positive. ![]() “Our strong Q4 marked the end of an exciting year for Dropbox as we launched our vision for the smart workspace,” Dropbox CEO Drew Houston said in prepared remarks on February 20. The firm boasts over 600 million global users and its fiscal 2019 revenue jumped 19%. economy fight back against the coronavirus.ĭropbox is a cloud storage firm that helps create digital collaboration and has boosted its enterprise-level offerings. The positivity comes on the hopes that the $2 trillion stimulus package, alongside the Fed’s efforts will help the U.S. indexes posted their first back-to-back gains in a month on Wednesday. ![]() Dropbox DBX stock popped Thursday, alongside the Dow, the S&P 500, and the Nasdaq, after all three major U.S.
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