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DBX

Dropbox

$33.27

0.95 (2.94%)

14:35
04/13/18
04/13
14:35
04/13/18
14:35

Dropbox Inc (Class A Stock) put volume heavy and directionally bearish

Bearish flow noted in Dropbox Inc (Class A Stock) with 9,078 puts trading, or 6x expected. Most active are 5/25 weekly 30 puts and 4/13 weekly 31 puts, with total volume in those strikes near 4,700 contracts. The Put/Call Ratio is 2.10, while ATM IV is up nearly 5 points on the day.

DBX Dropbox
$33.27

0.95 (2.94%)

03/21/18
03/21/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Celgene (CELG) reinstated with an Overweight at JPMorgan. 2. ConvergeOne (CVON) initiated with a Buy at BTIG. 3. Dropbox (DBX) initiated with a Buy at DA Davidson. 4. Diffusion Pharmaceuticals (DFFN) initiated with a Buy at H.C. Wainwright. 5. Xcerra (XCRA) initiated with a Buy at B. Riley FBR. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/12/18
NOMU
04/12/18
INITIATION
Target $21
NOMU
Reduce
Dropbox initiated with a Reduce at Nomura Instinet
Nomura initiated Dropbox with a Reduce and $21 price target.
04/13/18
NOMU
04/13/18
INITIATION
Target $21
NOMU
Reduce
Nomura Instinet puts Reduce rating on Dropbox with $21 price target
Nomura Instinet analyst Christopher Eberle last night initiated Dropbox (DBX) with a Reduce rating and $21 price target. The shares closed yesterday up 95c to $33.27. Dropbox's "consistently low" penetration rates, "extremely low" conversion rates, and lack of enterprise salesforce creates little room for upside potential, Eberle tells investors in a research note. If trends do not improve, the shares have "significant downside," the analyst argues. Eberle admits, however, that Dropbox has positioned itself as a top player in the backup storage and workplace collaboration space. The company is a "staunch competitor" to Microsoft's (MSFT) OneDrive, Google's (GOOG, GOOGL) Drive and Apple's (AAPL) iCloud, Eberle contends.
04/13/18
04/13/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Dropbox (DBX) initiated with a Reduce at Nomura Instinet. 2. Horizon Global (HZN) initiated with a Buy at B. Riley FBR. 3. Sonoco Products (SON) initiated with a Buy at UBS. 4. Campbell Soup (CPB) reinstated with a Sell at Goldman Sachs. 5. Celgene (CELG) resumed with an Equal Weight at Morgan Stanley. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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TECH

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