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  • Dropbox, Inc. (DBX) stock is losing in after-hours. Here’s why

    Dropbox, Inc. (DBX) stock is losing in after-hours. Here’s why

    The stock of Dropbox Inc (DBX) closed the recent trading session at $23.58, losing 5.3% from the previous trading session. DBX stock further declined in the after-market, losing 5.43%. The decline in the stock of Dropbox came after the announcement of quarterly results for the fiscal year 2021. The company also filed forms 8-K and 4 with the SEC. These forms refer to the reporting of quarterly results and changes in the beneficial ownership of securities, respectively.

    DBX Financials

    On February 17, 2022, Dropbox reported the financial results for the fourth quarter of the fiscal year 2021, which ended on December 31, 2021. DBX announced the revenue of the company to be $565.5 million in Q4 of FY21 versus $504.1 million in the same quarter of FY20. This marks an increase of 12.1% in revenue. Gross profit was $449.7 million in Q4 of FY21 as compared to $398.3 million in Q4 of FY20. The gross profit increased by 12.9%. Net income was $124.6 million in Q4 of FY21 versus a net loss of $345.8 million in the year-ago quarter. Diluted earnings per share for Q4 of the fiscal year 2021 was $0.32 as compared to the loss per share of $0.84 in the same quarter last year.

    Moreover, On February 11, 2022, DBX repurchased $1.2 billion of its common shares. The repurchase was authorized by the Board of Directors.

    CEO Remarks

    The CEO of Dropbox Inc (DBX), Drew Houston, said that the financial year of 2021 was a solid year for the company. He further said that he is proud of the work that their team has done during the first year as a Virtual First Company.

    Finally, Mr. Houston concluded that DBX is looking forward to 2022. They are invigorated regarding the opportunity they have to assist their clients and convey growth to their investors.

    About Dropbox

    Dropbox (DBX) is a document facilitating company that offers distributed cloud storage, record synchronization, individual cloud, and client programming. DBX has its headquarter in San Francisco, California, United States of America (USA).

  • Top 3 Work-From-Home Stocks in 2021

    Top 3 Work-From-Home Stocks in 2021

    A little over a year ago, people were not even familiar with the term ‘work from home’ and now, because of this worldwide pandemic, almost everyone has worked from home one way or the other. The COVID-19 pandemic proved to be catastrophic for many companies but it also opened up many opportunities for companies as well as investors. With the introduction of work from home, this pandemic has changed the business model of many companies. Many big corporations such as Google and Facebook have even adopted this work from home for long term. This shift towards working online has created demand for digital platforms that are designed to help meet the requirements of working from home. A survey conducted by research and advisory firm Gartner showed that almost 80% company leaders are planning on allowing employees to work from home part time and 47% are planning to allow their employees to work from home full time. In another survey conducted by PwC of 669 CEOs, almost 78% agreed that work from home will be implemented in the long run. Since office based work is substituted by work from home, we’ll be looking at some of the best work from home stocks in 2021. Here are top 3 work from home stocks for 2021:

    Zoom Video Communications, Inc. (ZM)

    Zoom has witnessed an immense increase in its demand amidst this global pandemic. Zoom’s model has helped businesses all over the world because of its remote working model. The company currently carries Zacks rank #3 (Hold). In February 2020, Zoom’s stock was valued at $87.66 and as of yesterday it closed at an astonishing $337.43. This accounts to an increment of almost 285% in little over a year. Every day, almost 200 million people login to Zoom, compared to 10 million users just before the pandemic. In the US, Zoom is the most used conferencing application and has 43% market share. The fundamentals of this company looks promising, and investors should surely keep their eyes on this stock’s movements.

    DocuSign Inc. (DOCU)

    DocuSign is an organization that provides e-signature solutions and allows companies to manage agreements online. DocuSign has benefited many organizations that transferred to work from home amidst the global pandemic. Since many companies have shifted their business model online, this e-signature solution is to benefit them in long term. Organizations such as Oracle and Microsoft have integrated themselves with DocuSign which will further help them grow their customer base. The company carries a Zacks Rank #3 (hold). To date, the company’s shares have soared up to 143% in a year. In March 2020 the stock price was $84.02 and it has increased to $204.31 as of 5th March 2021. According to Zacks Consensus Estimate for fiscal year 2022, the earnings has estimated to be moved up by 28.2% to $1.09 per share over the same time frame.

    Dropbox (DBX)

    Dropbox, a cloud service provider, has become a crucial part of many organizations in this digital age. Dropbox has an estimate of over 600 million users. During the coronavirus pandemic, cloud storage and other online service providers saw a dramatic increase in their usage and demand as consumers shifted towards these platforms. Dropbox witnessed a rise of nearly 25% in daily trials of its premium package. Dropbox has been consistently profitable and for 8 consecutive quarters their earnings per share have risen. Dropbox stock has risen up by 30% to date, as compared to the price before the coronavirus pandemic.

  • 15 Software – Infrastructure Stocks to Watch

    15 Software – Infrastructure Stocks to Watch

    “IT Infrastructure Software Market” Research Report 2020-2025, published on Oct 15, 2020, is a detailed analysis of the current state of the market for the IT Infrastructure Software industry based on historical trends and forecasts. This report tackles the IT Infrastructure Software market segment from a basic overview to a detailed description of the IT Infrastructure Software market. Furthermore, it offers a detailed look at the key vendors, top regions, product types, and end industries of the IT Infrastructure Software marketplace. It provides historical data on the IT Infrastructure Software market trends, growth, revenue, capacity, cost structure, and key driver’s analysis.

    Besides, market dynamics (such as driver factors, restraining factors) and industry news (like mergers, acquisitions, and investments) are also considered in the report. The increase in technological innovations and advancements will enhance the product’s performance, making it more widely used in downstream applications. Furthermore, Porter’s Five Forces Analysis (potential entrants, suppliers, substitutes, buyers, and industry competitors) provides essential information for understanding the IT Infrastructure Software market.

    Palantir Technologies Inc. (NYSE:PLTR) shares were trading down -1.93% at $25.92 at the time of writing on Wednesday. The company recently declared that it was awarded a $44.4m, three-year contract with the U.S. Food and Drug Administration (FDA).

    Palantir Technologies Inc. (NYSE:PLTR) share price went from a low point around $8.90 to briefly over $33.50 in past 52 weeks, though shares have since pulled back to $25.92. PLTR market cap has remained high, hitting $44.89B at the time of writing, giving it price-to-sales ratio of more than 40.

    If we look at the recent analyst rating PLTR, Morgan Stanley downgraded coverage on PLTR shares with an Underweight rating and a $14.33 price target, which implies room for -11.59% downside momentum this year.

    Microsoft Corporation (MSFT) last closed at $219.28, in a 52-week range of $132.52 to $232.86. Microsoft Corp. and Warner Bros. reported an epic partnership to celebrate the release of the new movie “Space Jam: A New Legacy,” coming in 2021. Analysts have a consensus price target of $239.71.

    Oracle Corporation (ORCL) stock soar by 1.49% to $62.78. The firm recently revealed fiscal 2021 Q2 results. Total quarterly revenues were up 2% year-over-year to $9.8 billion. C The most recent rating by BofA Securities, on December 16, 2020, is at a Neutral.

    Square Inc. (NYSE:SQ) Shares headed rising, higher as much as 3.22%. Lately, the company declared that its commerce platform now powers payments, e-commerce, and point of sale at nearly a dozen renowned ski resorts across the U.S. and Canada in partnership with POWDR. The most recent rating by Seaport Global Securities, on December 07, 2020, is at a Buy.

    Dropbox Inc. (NASDAQ:DBX) rose 1.73% after gaining more than $0.4 on Wednesday after reporting that it has been positioned by Aragon Research, Inc. in the Leader section of the Globe for Digital Work Hubs, 2021 for the second year in a row.

    BlackBerry Limited (BB) last closed at $8.24, in a 52-week range of $2.70 to $9.69. Today, the company will report results for the third quarter of fiscal year 2021 at 5:30 p.m. ET. Analysts have a consensus price target of $6.07.

    NortonLifeLock Inc. (NLOK) stock soar by 2.10% to $20.38. The company on December 7, 2020 revealed that it has agreed to acquire Avira in an all-cash transaction for approximately $360 million from Investcorp Technology Partners. The most recent rating by Argus, on August 21, 2020, is at a Buy.

    FireEye Inc. (NASDAQ:FEYE) Shares headed rising, higher as much as 2.77%. The company on December 11, 2020 reported that the $400 million strategic investment led by funds managed by Blackstone Tactical Opportunities has closed. The most recent rating by Barclays, on November 20, 2020, is at an Underweight.

    CrowdStrike Holdings Inc. (NASDAQ:CRWD) rose 2.78% after gaining more than $4.86 on Wednesday. On December 8, 2020, the firm released the annual CrowdStrike Services Cyber Front Lines Report, which brings together the insights and observations of CrowdStrike’s global incident response (IR) and proactive services teams in 2020.

    Cloudflare Inc. (NET) last closed at $81.81, in a 52-week range of $15.05 to $86.21. On December 7, 2020 released Data Localization Suite to give businesses across the globe tools to address their data locality, privacy, and compliance needs. Analysts have a consensus price target of $69.06.

    Box Inc. (BOX) stock soar by 3.17% to $18.85 after the defense contract management agency selected Box for cloud content management. The most recent rating by Craig Hallum, on May 28, 2020, is at a Buy.

    SolarWinds Corporation (NYSE:SWI) Shares headed falling, lower as much as -0.17%. The most recent rating by Berenberg, on October 07, 2020, is at a Buy.

    Adobe Inc. (NASDAQ:ADBE) rose 1.50% after gaining more than $7.26 on Wednesday. The company on December 10, 2020 declared financial results for its fourth quarter and fiscal year ended Nov. 27, 2020.

    Nutanix Inc. (NTNX) last closed at $30.98, in a 52-week range of $11.31 to $37.86. On December 10, 2020, the firm revealed that it has been named a Leader by Gartner, Inc. in the December 2020 Magic Quadrant for Hyperconverged Infrastructure Software. Analysts have a consensus price target of $33.64.

    Okta Inc. (OKTA) stock soar by 1.87% to $259.93. The most recent rating by JP Morgan, on December 09, 2020, is at a Neutral.