Dropbox (DBX) Scheduled to Post Earnings on Thursday

Dropbox (NASDAQ:DBX) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, February 21st. Analysts expect Dropbox to post earnings of ($0.05) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Shares of DBX opened at $25.45 on Thursday. Dropbox has a twelve month low of $18.50 and a twelve month high of $43.50. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13.

In related news, General Counsel Bart Volkmer sold 4,303 shares of the stock in a transaction on Tuesday, November 20th. The stock was sold at an average price of $21.00, for a total value of $90,363.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Ajay Vashee sold 13,731 shares of the firm’s stock in a transaction dated Monday, November 26th. The shares were sold at an average price of $23.15, for a total value of $317,872.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 155,745 shares of company stock valued at $3,474,600.

Several analysts have recently issued reports on DBX shares. ValuEngine lowered shares of Dropbox from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. William Blair assumed coverage on shares of Dropbox in a research note on Tuesday, December 11th. They set an “outperform” rating on the stock. Zacks Investment Research cut shares of Dropbox from a “buy” rating to a “hold” rating in a report on Wednesday, November 21st. Finally, Canaccord Genuity lowered their target price on shares of Dropbox from $38.00 to $35.00 and set a “buy” rating for the company in a report on Friday, November 9th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Dropbox has an average rating of “Buy” and an average price target of $33.93.

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Dropbox Company Profile

Dropbox Inc provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to create, access, and share content online. The company was formerly known as Evenflow, Inc and changed its name to Dropbox, Inc in October 2009. Dropbox Inc has strategic partnership with Zoom Video Communications, Inc Dropbox Inc was founded in 2007 and is headquartered in San Francisco, California.

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