Dropbox Inc is a cloud-based file storage and collaboration platform that allows individuals and businesses to securely store, share, and access files from any device with internet connectivity
The company provides a suite of tools designed to enhance productivity, facilitate team collaboration, and streamline workflows through features such as file synchronization, document editing, and real-time commenting. Dropbox enables users to organize their digital content efficiently and integrates with various third-party applications, making it a versatile solution for managing files and fostering teamwork in both personal and professional contexts.
The technology sector continued its winning streak in 2024, driving exceptional stock market performance throughout the year. Thus, before 2025 arrives, here is a look at 5 tech giants to consider.
What a time it’s been for Dropbox. In the past six months alone, the company’s stock price has increased by a massive 46.6%, reaching $30.44 per share. This run-up might have investors contemplating their next move.
Goldman Sachs analyst downgrades E2open Parent Holdings from Neutral to Sell, lowering price target from $3.5 to $2.9. Despite undemanding valuation, lack of growth visibility and high leverage will likely weigh on stock.
Cloud storage and e-signature company Dropbox (Nasdaq: DBX) met Wall Street’s revenue expectations in Q3 CY2024, but sales were flat year on year at $638.8 million. Its non-GAAP profit of $0.60 per share was 12.7% above analysts’ consensus estimates.
After a blistering Thursday that saw the S&P 500 close with its best session in nearly two years — up 2.3% — Wall Street’s price action turned sluggish on a Friday lacking market-moving economic events.
Dropbox shares are trading higher after the company reported its second-quarter financial results Thursday. Here's a look at the key figures from the quarter:
U.S. stocks are set for a mixed start on Thursday as concerns regarding the economy and incremental yen carry trade unwinding remain an undercurrent. Traders may be keen to receive the jobless claims report, given the recent sell-off kickstarted last Thursday, partly due to a spike in the data.
Investor risk sentiment is showing greater conviction on Thursday, with all indices and major stock sectors in the green, after Wall Street failed to hold onto opening gains and closed in the red the previous day.
