Dropbox Beats Estimates But Shares Fall as COO Is Stepping Down

12 Août, 2018, 17:42 | Auteur: Auguste Feret
  • Drew Houston

DBX's 14-day MACD is 0.53 and this positive figure indicates an upward trading trend. However, in just the past quarter alone the stock was only up less than 1%. This performance is snap optimistic view of last week. The Stock now has a Weekly Volatility of 5.00% and Monthly Volatility of 5.09%.

The stock exposed change of 3.37% in recent week and it showed performance of 15.77% for the month.

Wall Street Analysts suggested rating of 2.2. As of now, ROKU has a P/S, P/E and P/B values of 24.44, 0 and 29.43 respectively. The Average True Range (ATR) which measure volatility is standing at 1.52. Legal & General Group Plc acquired a new stake in Dropbox during the 1st quarter worth $158,000. Now LDOS has RSI reading of 79.46.

SMA (Simple Moving Average): Its distance from 20 days simple moving average is -5.6%, and its distance from 50 days simple moving average is -1.89% while it has a distance of -17.15% from the 200 days simple moving average. In this manner, DBX' simple moving average comparison gave the analysts a clear-cut view. The higher the volume during the price move, the more significant the progress.

SMA50 is used by traders to gauge mid-term trends. This stock changed higher from its 52 week low with 18.56% and -27.47% negative from its 52 week high price. More interesting news about Dropbox, Inc.

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Dropbox, Inc. (DBX) At the moment, stock is trading at $34.43 and moved 9.13%.

The company, which competes with Alphabet Inc's Google, Microsoft Corp and Amazon.com Inc as well as Box Inc, said it expects third-quarter revenue to be in the range of $350 million and $353 million. Federated Investors Inc. PA purchased a new position in shares of Dropbox in the 1st quarter valued at about $40,573,000. During the same quarter in the previous year, the firm posted $0.02 earnings per share.

Institutional Ownership/ Insider Ownership: Dropbox, Inc. institutional ownership is held at -49.1% while insider ownership was 75%. The relative strength index of the stock stands 0.0878. Referred to as "market cap", it is determined by doubling a company's shares outstanding by the current market price of one share. Many value shareholders look for stocks with a high percentage of insider ownership, under the theory that when administration are shareholders, they will act in its own self-interest, and create shareholder value in the long-term. As Dropbox, Inc. has a P/S, P/E and P/B values of 23.37, 0 and 13.86 respectively. "He's helped transform Dropbox into a publicly-traded company with over $1 billion in annual revenue and 12 offices around the world". Jefferies Financial Group upgraded Dropbox from a "hold" rating to a "buy" rating and set a $31.00 price target for the company in a research note on Wednesday, August 1st. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment.

Woodside's departure is significant because he's believed to have been one of the key players behind Dropbox's rapid growth over the last few years.

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