![]() Analysts projected earnings per share (EPS) of 14 cents on sales of $443.41 million. Dropbox Is Igniting a Bull Market for Its Stockĭropbox is showing it’s prepared to do the heavy lifting to push its stock out of bear territory.įirst, the file-hosting company crushed Wall Street expectations for the quarter ending December 2019. DBX surged in after-hours trading, and it looks like the stock is just getting started. ![]() Dropbox recently made a major acquisition and announced a strong fiscal fourth quarter. It appears that the San Francisco-based company is finally turning a corner. ![]() The name plunged to an all-time low of $16.08 in December. From that point, DBX lost nearly half of its value in a little over a year. Analysts believe DBX must recover $21 to have a shot at starting a bull run.ĭropbox’s stock (NASDAQ: DBX) has been languishing in bear territory since August 2018.The company has authorized a $600 million stock repurchasing program.Dropbox delivered a strong fiscal fourth quarter.
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