Dropbox posted fourth quarter earnings that surpassed analysts’ expectations, on the back of increasing number of paying users.
The file hosting service’s earnings for the quarter came in at 28 cents a share(up from the year-ago quarter’s 16 cents a share), compared to the 24 cents a share expected by analysts polled by Factset.
Revenue of $504.1 billion (up from year-ago period’s $446 million), also exceeded analysts’ forecast of $498 million.
According to Dropbox, it had 15.48 million paying users as of end of the fourth quarter, compared to 14.31 million for the same period last year. The average revenue per paying user in the period was $130.17, up from $125.00 a year ago.
Dropbox CEO Drew Houston said, “We ended the year with strong margin expansion, free cash flow, and more than $2B in ARR as we continued to make progress toward our long-term financial targets” . Houston added, “Going into 2021, we’re focused on executing against our strategy and building essential products for the new era of distributed work.”
The company announced that its board had approved a $1 billion share repurchase plan.
DBX broke above its upper Bollinger Band on March 19, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 45 similar instances where the stock broke above the upper band. In of the 45 cases the stock fell afterwards. This puts the odds of success at .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 62 cases where DBX's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
The 10-day moving average for DBX crossed bearishly below the 50-day moving average on February 21, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 24 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DBX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where DBX's RSI Oscillator exited the oversold zone, of 18 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on March 19, 2024. You may want to consider a long position or call options on DBX as a result. In of 87 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for DBX just turned positive on March 08, 2024. Looking at past instances where DBX's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DBX advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (28.767). P/E Ratio (18.653) is within average values for comparable stocks, (148.690). Projected Growth (PEG Ratio) (2.212) is also within normal values, averaging (2.798). Dividend Yield (0.000) settles around the average of (0.085) among similar stocks. P/S Ratio (3.376) is also within normal values, averaging (77.911).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. DBX’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DBX’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of file backup, sync and sharing solutions
Industry PackagedSoftware