Dropbox Just Reported Q2 Earnings. Here's What Investors Need to Know.
(NASDAQ: DBX), the file storage and content collaboration platform, is often neglected by investors due to the fierce competition from deep-pocketed companies like Microsoft and Alphabet. Yet despite this mounting competitive pressure, Dropbox's stock is up more than 15% in the last six months as the company continues to churn out impressive financial results, and its most recent second-quarter earnings were no exception.
Let's see why this seemingly simple business continues to delight shareholders.
In its second-quarter report, Dropbox announced that it surpassed 18 million total paying users, which is 4% higher than the figure from a year ago. While Dropbox's single-digit percentage growth in subscribers certainly isn't all that exciting, it sure is consistent.
Source Fool.com
Dropbox Inc Stock
Our community is currently high on Dropbox Inc with 5 Buy predictions and 3 Sell predictions.
With a target price of 30 € there is a positive potential of 33.75% for Dropbox Inc compared to the current price of 22.43 €.
