Dropbox (DBX) Catches Eye: Stock Jumps 9.6%

Dropbox, Inc. DBX was a big mover last session, as the company saw its shares rise nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $29.65 to $36.12 in the past one month time frame.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Dropbox currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

DROPBOX INC-A Price

DROPBOX INC-A Price | DROPBOX INC-A Quote

Another stock worth considering in the Internet - Services industry is Baidu, Inc. BIDU which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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