Why the Market Dipped But Dropbox (DBX) Gained Today

Dropbox (DBX) closed at $35.60, up 2.09%, outperforming the S&P 500. The company is expected to report EPS of $0.73 (down 1.35% YoY) and revenue of $628.6 million (down 0.92% YoY). With a Zacks Rank of #3 (Hold) and a Forward P/E of 11.46 trading below the industry average of 14.98, Dropbox appears undervalued but faces headwinds with a PEG ratio of 3.26 above the industry average of 1.81.