Dropbox is a cloud storage service that lets you save, sync, and share files across devices, like a digital filing cabinet for your documents.
Dropbox earns recurring subscription fees from individuals and businesses for storage and collaboration tools. With a gross margin around 80%, it's a high-margin software business.
Dropbox faces intense competition from Google Drive and Microsoft OneDrive, which bundle storage with their ecosystems. Its moat is eroding as these rivals offer similar features at competitive prices, weakening its differentiation.
Key events, in time order
Revenue of $631.5M and EPS of $0.75 beat estimates; company raises full-year outlook
Q2 EPS $0.75 beat estimates; core FSS improves; FY profitability and FCF outlook raised
Cofounder steps down as CEO; Ashraf Alkarmi to serve as co-CEO before taking over, a major leadership change
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Dropbox is listed as a "Liquid Leader" stock showing a 21-day moving average structure pullback, ranked by relative strength.
Main discussion
Liquid Leaders 21dma-structure Pullback sorted by RS Rank. $SNDK, $MU, $LITE, $CART, $FROG, $UMAC, $DBX, $DT, $XYZ, $NBIS, $GEN By @TradersLab_ https://t.co/kisS32ywLi
Liquid Leaders 21dma-structure Pullback sorted by RS Rank. $SNDK, $AXTI, $MU, $LITE, $AAOI, $FROG, $DBX, $DT, $UMAC By @TradersLab_ https://t.co/lAFuqSStNB
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