Media stories about Dropbox (NASDAQ:DBX) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Dropbox earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.6270964241343 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
Several research firms have recently commented on DBX. Nomura began coverage on Dropbox in a report on Thursday, April 12th. They issued a “reduce” rating and a $21.00 price target for the company. DA Davidson dropped coverage on Dropbox in a report on Monday, April 16th. They set a $22.00 price objective for the company. Jefferies Financial Group initiated coverage on Dropbox in a research report on Tuesday, April 17th. They set a “hold” rating and a $31.00 price target for the company. Goldman Sachs Group initiated coverage on Dropbox in a research report on Tuesday, April 17th. They set a “neutral” rating and a $27.00 price target for the company. Finally, Macquarie initiated coverage on Dropbox in a research report on Tuesday, April 17th. They set an “outperform” rating and a $34.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. Dropbox currently has a consensus rating of “Buy” and a consensus target price of $33.43.
Shares of NASDAQ:DBX opened at $32.00 on Thursday. Dropbox has a 52 week low of $27.75 and a 52 week high of $43.50.
Dropbox (NASDAQ:DBX) last announced its quarterly earnings data on Thursday, May 10th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.03. The business had revenue of $316.30 million during the quarter, compared to analysts’ expectations of $309.23 million. Dropbox’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.02 EPS. research analysts anticipate that Dropbox will post 0.28 EPS for the current fiscal year.
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 was founded in 2007 and is headquartered in San Francisco, California.
Receive News & Ratings for Dropbox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dropbox and related companies with MarketBeat.com's FREE daily email newsletter.