Bear of the Day: Dropbox, Inc. (DBX) [Yahoo! Finance]
Dropbox, Inc. - Class A (DBX)
Company Research
Source: Yahoo! Finance
Dropbox stock tumbled following its Q4 2023 release in mid-February as its outlook in a changing industry failed to inspire confidence. Dropbox 101 Dropbox offers a cloud-based platform that enables businesses and individuals to create, access, and share digital content. Dropbox serves more than 700 million registered users across approximately 180 countries. DBX closed last year with 18.12 million paying users. Dropbox faces huge competition in the content collaboration platform and cloud storage spaces from some of the biggest companies in the world, including Microsoft and Alphabet. Dropbox announced last year it was streamlining its business and trimming staff to adapt to the artificial intelligence revolution. Image Source: Zacks Investment Research Wall Street was always worried about much larger companies eating Dropbox's lunch. Now the firm appears behind the curve on AI, further threatening its near term and long run growth prospects. Dropbox posted around 8% rev
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DBX
News
- Here's Why Dropbox (DBX) is a Strong Growth Stock [Yahoo! Finance]Yahoo! Finance
- Dropbox 2024 Spring Release: Introducing Seamless End-to-end Encryption, Microsoft Co-Authoring, New Dropbox Replay Features, and More [Yahoo! Finance]Yahoo! Finance
- Dropbox 2024 Spring Release: Introducing Seamless End-to-end Encryption, Microsoft Co-Authoring, New Dropbox Replay Features, and MoreBusiness Wire
- Dropbox to Announce First Quarter 2024 Earnings ResultsBusiness Wire
- Investor Activity Surpasses 2021 Engagement Levels, Hits Q1 Record High According to DocSend 2024 DataPR Newswire
DBX
Earnings
- 2/15/24 - Beat
DBX
Sec Filings
- 4/17/24 - Form 4
- 4/17/24 - Form 4
- 4/15/24 - Form 144
- DBX's page on the SEC website