|Bid||22.57 x 1000|
|Ask||22.58 x 900|
|Day's Range||22.49 - 23.34|
|52 Week Range||14.55 - 25.70|
|Beta (5Y Monthly)||0.88|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 05, 2021 - May 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.43|
Dropbox (NASDAQ: DBX), the cloud storage and collaboration platform, just wrapped up a strong fiscal year. Despite not getting much love from Wall Street traders at the moment, there is still plenty to like with Dropbox. How was 2020 for Dropbox?
Dropbox's (NASDAQ: DBX) stock price recently dipped after the cloud storage service provider posted its fourth-quarter earnings. Its revenue rose 13% year over year to $504.1 million, beating estimates by $5.
Dropbox, Inc. ("Dropbox") (NASDAQ: DBX) today announced the pricing of $653,000,000 aggregate principal amount of convertible senior notes due 2026 (the "2026 Notes") and $653,000,000 aggregate principal amount of convertible senior notes due 2028 (the "2028 Notes" and, together with the 2026 Notes, the "Notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Act"). The aggregate principal amount of the offering was increased from the previously announced offering size of $1.135 billion. Dropbox also granted the initial purchasers of the Notes a 13-day option to purchase up to an additional $65,300,000 aggregate principal amount of 2026 Notes and up to an additional $65,300,000 aggregate principal amount of 2028 Notes. The sale of the Notes to the initial purchasers is expected to settle on February 26, 2021, subject to customary closing conditions, and is expected to result in approximately $1,286 million in net proceeds to Dropbox (or approximately $1,414 million if the initial purchasers exercise their option to purchase additional notes in full) after deducting the initial purchasers’ discount and estimated offering expenses payable by Dropbox.