![]() ![]() This isn't crazy growth compared to other software stocks, but unlike many of its peers, Dropbox is actually profitable. In its latest quarter ending in March, Dropbox grew annual recurring revenue (ARR) to $2.1 billion, up 13% year over year. But with shares outpacing the market so far in 2021 after a few years of disappointing returns, is now the time to sell your Dropbox shares and lock in those gains? Financials keep improving Shares of the file storage and collaboration platform are up about 40% year to date, while the S&P 500 index has returned 16%.Įven with stiff competition from giants like Microsoft and Alphabet, Dropbox has steadily grown its business over the past few years, made some smart acquisitions, and is employing an aggressive capital return strategy. One of the surprise comeback stories of 2021 has been Dropbox ( DBX 3.11%).
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