Dropbox Inc is a cloud-based file storage and collaboration platform that allows individuals and businesses to securely store, share, and access files from any device with internet connectivity
The company provides a suite of tools designed to enhance productivity, facilitate team collaboration, and streamline workflows through features such as file synchronization, document editing, and real-time commenting. Dropbox enables users to organize their digital content efficiently and integrates with various third-party applications, making it a versatile solution for managing files and fostering teamwork in both personal and professional contexts.
Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on.
But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.
Shares of cloud storage and e-signature company Dropbox (Nasdaq: DBX)
fell 15.8% in the afternoon session after the company delivered disappointing fourth-quarter 2024 results as customer growth slowed to a crawl. Paying users remained roughly flat year on year but declined sequentially. Revenue edged up slightly from the prior year, with pricing adjustments and foreign currency fluctuations contributing to the sluggish growth.
Margins were a mixed bag. While GAAP gross margin saw a slight uptick, operating margin plunged to 13.7% from 42.1% a year ago, largely due to workforce reduction expenses and the absence of a one-time real estate gain that had boosted the prior year's results.
Overall, this was a weak quarter, with sluggish customer growth.
Cloud storage and e-signature company Dropbox (Nasdaq: DBX) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 1.4% year on year to $643.6 million. Its non-GAAP profit of $0.73 per share was 16.8% above analysts’ consensus estimates.
Market indexes started out in a cranky mood this morning after cautious guidance from Walmart regarding potential tariff hits to its imports in the coming quarters.
Dropbox, Inc. (NASDAQDBX) announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2024 after market close on Thursday, February 20, 2025. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community.
The technology sector continued its winning streak in 2024, driving exceptional stock market performance throughout the year. Thus, before 2025 arrives, here is a look at 5 tech giants to consider.
What a time it’s been for Dropbox. In the past six months alone, the company’s stock price has increased by a massive 46.6%, reaching $30.44 per share. This run-up might have investors contemplating their next move.
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Dropbox, Inc. (“Dropbox” or the “Company”) (Nasdaq: DBX), today announced entry into a Credit and Guaranty Agreement providing the Company with up to $2.0 billion in secured term loan due 2029 and a $1.2 billion stock repurchase program. The facility was led and substantially provided by Blackstone Credit & Insurance, who served as lead arranger and lead structuring agent, and proceeds may be used for working capital and general corporate purposes, including share repurchases.
