Dropb
Dropbox (DBX) closed the newest buying and selling day at $17.59, transferring -1.29% from the earlier buying and selling session. This variation was narrower than the S&P 500’s 4.34% loss on the day. Elsewhere, the Dow misplaced 4.55%, whereas the tech-heavy Nasdaq misplaced 3.79%.
Coming into in the present day, shares of the net file-sharing firm had misplaced 4.78% previously month. In that very same time, the Laptop and Know-how sector misplaced 27.47%, whereas the S&P 500 misplaced 28.78%.
Traders might be hoping for power from DBX because it approaches its subsequent earnings launch. In that report, analysts count on DBX to publish earnings of $0.14 per share. This could mark year-over-year development of 40%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $453.24 million, up 17.54% from the year-ago interval.
Wanting on the full 12 months, our Zacks Consensus Estimates counsel analysts predict earnings of $0.72 per share and income of $1.90 billion. These totals would mark modifications of +44% and +14.25%, respectively, from final 12 months.
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