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The software-as-a-service company has been overlooked by the market and is now a steal for investors. Dropbox (DBX -0.09%) hasn't gotten the headlines of other cloud companies, but it's well positioned to grow as companies demand more storage and artificial intelligence (AI) functionality. In this video, Travis Hoium explains why the price is right for this company as it returns to growth. *Stock prices used were end-of-day prices of Aug. 12, 2024. The video was published on Aug. 12, 2024. ...

funky-data Despite a cheap valuation, Dropbox remains a snare as a value trap. Data by YCharts The markets are expecting a tough macro climate across all industries heading into the second half of this year, but when investing in tech stocks, one rule remains paramount: don't trust a company that isn't able to grow. For Dropbox (NASDAQ:DBX), this unfortunately appears to be the case, as the file storage company continues to post lackluster growth rates and customer additions. Year to date, shares have lost ...

funky-data Growth stocks are great, until the growth slows down. Then you have a relatively stagnant company trading at bad premiums to its underlying value. Today, we'll be looking at one of those growth stocks that has seen some slowing of its growth in recent quarters, Dropbox (NASDAQ:DBX). The software company has some interesting multiples which may make it worth our attention. We will be looking at Dropbox not just for its lack of shareholder equity, but also from a potential value and growth perspect ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of exchange on which registered Class A Common Stock, par value $0.00001 per share DBX The NASDAQ Stock Market LLC (Nasdaq Global Select Market) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Fo ...

Dropbox (DBX) reported non-GAAP earnings of 60 cents per share in second-quarter 2024, beating the Zacks Consensus Estimate by 15.38% and increasing 17.6% year over year. Revenues of $634.5 million inched up 1.9% year over year and 1.8% on constant currency (CC) basis beating the consensus mark by 0.77%. The upside was driven by improved performance in self-serve individual plans. Total annual recurring revenues came in at $2.73 billion, up 2.9% year over year. Quarter Details Dropbox exited second-quarter ...

Dropbox Inc DBX stock is trading higher after the company reported better-than-expected second-quarter financial results Thursday. The results came during an exciting earnings season. Here are key analyst takeaways. Goldman Sachs Kash Rangan reiterated a Sell rating while lowering his price target to $20 from $22. RBC Capital Markets analyst Rishi Jaluria maintained an Outperform rating with a price target of $32. Goldman Sachs: Dropbox gained after marginally beating the consensus in ARPU, paying users, re ...

Dropbox (DBX) came out with quarterly earnings of $0.60 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 15.38%. A quarter ago, it was expected that this online file-sharing company would post earnings of $0.49 per share when it actually produced earnings of $0.58, delivering a surprise of 18.37%. Over the last four quarters, ...

Financial Data and Key Metrics - Q2 2024 revenue increased 1.9% YoY to $635M, slightly above the high end of prior guidance [21] - Total ARR grew 2.9% YoY to $2.573B, with constant currency growth of 2.2% [21] - Paying users reached 18.22M, adding 63K net new users sequentially [21] - Average revenue per paying user was $139.93 [21] - Gross margin was 84.5%, benefiting from a change in server useful life [22] - Operating margin was 35.9%, up 170 bps YoY [23] - Net income increased 12% YoY to $194M, with diluted EPS of $0.60, up 18% YoY [23] - Free cash flow was $225M, up 28% YoY [24] Business Line Performance - Individual self-serve plans showed strength, offsetting challenges in the Teams business [4] - DocSend's Advanced Data Room performed well, offsetting seasonal pressure in FormSwift [5] - Teams business faced headwinds from macro challenges, price sensitivity, and storage limit changes [8] - Sharing activity improved YoY in Q2 after declines due to fragmented user experience [11] - Mobile user growth continued, with a redesigned mobile web experience driving trial starts [12] Market and Geographic Performance - Foreign exchange rates had minimal impact on revenue, with constant currency growth of 1.8% [21] - The company is focusing on priority industries like professional services, manufacturing, and media [9] Strategy and Competitive Landscape - The company is prioritizing improvements in the Teams business and Dash, its AI-powered universal search product [6] - Investments in onboarding and invitation flows have improved Teams activation rates [7] - Dash is being developed with a focus on AI summarization and search efficiency, targeting IT admins' security needs [16] - The company is refining its customer segmentation model to align product development and go-to-market efforts [8] Management Commentary on Operating Environment and Outlook - The macro environment remains challenging for SMBs, with near-term volatility expected in the Teams business [28] - Seasonal pressure on FormSwift and headwinds in the Sign business are expected to impact paying user growth [29] - Full-year revenue guidance was narrowed to $2.540B-$2.550B, with operating margin expected between 33.5%-34% [27] - Free cash flow guidance remains unchanged at $910M-$950M [27] Other Important Information - The company repurchased 11M shares for $260M in Q2, with $868M remaining under the current authorization [25] - Partial provisioning and standalone purchasing options are being introduced to improve customer flexibility [13] - Bundling strategy adjustments were made after initial results fell short of expectations [14] Q&A Summary Question: Monetization plans for Dash and pricing strategy [33] - Dash is pre-revenue and in beta, with pricing expected to follow a subscription model similar to Dropbox 1.0 [34] Question: Teams business challenges and competitive dynamics [35] - Teams challenges are driven by macro pressures and price sensitivity, with some competitive factors but no new dynamics [36][37] Question: Customer feedback and monetization for Dash [39] - Early feedback on Dash has been positive, with strong value proposition and product quality improvements [40] - IT admins' unmet security needs are a focus for Dash development [41] Question: Impact of security incident on Sign business [42] - The security incident was isolated to Dropbox Sign and had minimal impact on overall revenue [42] Question: Right to win for Dash and potential pricing strategies [45] - Dash addresses a universal knowledge worker need, leveraging Dropbox's scale and security track record [46][50] - Pricing strategies may include bundling and volume-based options [52] Question: Progress on individual plans and bundling [55] - The company is making progress in reducing friction in onboarding and sharing experiences [56] Question: Hiring efficiencies and Dash GA timeline [58] - Hiring efficiencies include prioritizing lower-cost regions and managing vendor spend [58] - More details on Dash's GA and pricing will be shared later this year [59]

Dropbox Announces Fiscal 2024 Second Quarter Results Second Quarter Revenue of $634.5 Million, up 1.9% year-over-year; on a constant currency basis, up 1.8% year-over-year GAAP Operating Margin of 20.0% and Non-GAAP Operating Margin of 35.9% Net Cash Provided by Operating Activities of $230.6 Million and Free Cash Flow of $224.7 Million SAN FRANCISCO, Calif. - August 8, 2024 - Dropbox, Inc. (NASDAQ: DBX), today announced financial results for its second quarter ended June 30, 2024. "In Q2, we improved the f ...