Company Performance - Dropbox closed at 0.62, indicating a 24% increase from the same quarter last year [2] - Revenue is expected to be $638.53 million, reflecting a 0.56% growth compared to the corresponding quarter of the prior year [2] Analyst Estimates - Recent changes to analyst estimates for Dropbox are noteworthy, as they often indicate short-term business trends and analyst optimism regarding the company's profitability [3] - The Zacks Rank system, which incorporates these estimate changes, provides a quantitative model for stock performance prediction [4] Zacks Rank and Valuation - Dropbox currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining stagnant over the past month [5] - The company has a Forward P/E ratio of 12.35, which is below the industry average of 23.18, indicating it is trading at a discount [6] - Dropbox's PEG ratio stands at 1.03, compared to the industry average PEG ratio of 1.78 [6] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, ranks in the top 33% of all industries according to the Zacks Industry Rank [7] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [7]
Dropbox (DBX) Surpasses Market Returns: Some Facts Worth Knowing