(NASDAQ: DBX) announced today that it will report financial results for the second quarter ended Jafter market close on Thursday, August 3, 2023. And since their stock always plummets after Earnings release I would wait until then. SAN FRANCISCO, July 13, 2023-Dropbox, Inc. Dropbox, a service that allows documents to be stored online and shared and. I would not invest in options expiring in the next few weeks or even months, but rather buy shares or Leaps for Jan 2022. Common stock is typically held by the founders, employees, and sometimes. Whether your customers are entrepreneurial small businesses or they lead a large, complex team, Dropbox helps their work flow better. Airbnb, Dropbox, and Reddit are just a few companies that used some far-out-of-the-box strategies to get. Dropbox partners include resellers and technology companies that have customers in media and design, technology, construction, and education (along with many others). While only having 8.8 million paying customers in 2016, they now have around 14.6 million paying customers.ĭuring the last month, the stock has dropped significantly, this is due to the reason that they tend to overstate their Earnings report. What was the 52-week high for Dropbox stock. However, their customer basis has grown steadily in the past, and more and more companies are relying on their system.
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In their last earnings report, you could see that they:Ī) increased their gross profit YoY from 298.6 million$ to 364.9 million $ī) increased their net income from negative 21.4 million $ to 17.5 million $Ĭ) increased, their assets, short-term investments and R&Dĭ) increased their Cash Flow from operating activities and Free Cash Flow significantly They are planning to generate 100% of renewable energy (not that I give a shit, but you know, always looks good) Facebook will soon announce a partnership with Dropbox that will allow people to port photos over third party providers They recently purchased the e-signature company HelloSign and made it available for all of their Their desktop app is being used by 90% of Business customers
Revenue grew 8.7 year-over-year (up 11.2 on a constant currency basis) to 622.5 million, compared to the consensus estimate of 614.2M. They are partnering with a lot of Universities Dropbox (NASDAQ: DBX) shares rose more than 4 after-hours following the company’s reported Q2 results, with EPS of 0.51 coming in better than the consensus estimate of 0.46. Their number of Downloads for their app (and this just on Android!) reached 1 billion recently Every day, millions of people around the world use it, and it is often preferred to it's main competitor Google Drive. Class A Common Stock (DBX) Nasdaq Listed 0 No Notifications Add to Watchlist Add to Portfolio Quotes Summary 10:00 am 11:00 am 12:00 pm 1:00 pm 2:00 pm 3:00 pm.
Hours respective to their own timezone.Īs you might know, Dropbox is one of the biggest cloud storage providers right now.Read the FAQ if you're new to both wallstreetbets and trading. The rules and submission guidelines are maintained on new Reddit so be sure to check them and make sure you're up to date.
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