Dropbox, Inc. (DBX) just released its first quarterly financial results, posting earnings of $0.08 per share and revenues of $316.3 million.
Currently, Dropbox is a Zacks Rank 3 (Hold), but that could change based on today’s results. Shares of the company have gained about 2.3% since its IPO, including a 1.9% gain during regular trading hours today.
The stock is currently up 0.1% to $32.05 per share in after-hours trading shortly after its earnings report was released.
Dropbox:
Beat earnings estimates. The company posted earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. Investors should note that this consensus projection has remained neutral over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $316.2 million, beating our consensus estimate of $308.7 million.
Dropbox accredited its strong revenue performance in its first quarter as a public company to an increase in premium plan uptake, marking a 28% revenue increase year over year.
The company saw increases both in the number of paying users (9.3 million to 11.5 million), and the average revenue per paying user ($110.79 to $114.30).
“We continued to add value to our platform with new product features, and enhanced our ecosystem through partnerships with Salesforce and Google. Our team is focused on building a great business for the long-term, and we’re excited for the opportunities ahead of us.”
Here’s a graph that looks at Dropbox’s recent performance:
Dropbox, Inc. is a service company that offers a platform which enables users to store and share files, photos, videos, songs, and spreadsheets.
Check back later for our full analysis on Dropbox’s earnings report!
Wall Street’s Next AmazonZacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Dropbox, Inc. (DBX) just released its first quarterly financial results, posting earnings of $0.08 per share and revenues of $316.3 million.
Currently, Dropbox is a Zacks Rank 3 (Hold), but that could change based on today’s results. Shares of the company have gained about 2.3% since its IPO, including a 1.9% gain during regular trading hours today.
The stock is currently up 0.1% to $32.05 per share in after-hours trading shortly after its earnings report was released.
Dropbox:
Beat earnings estimates. The company posted earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.04 per share. Investors should note that this consensus projection has remained neutral over the duration of the quarter.
Beat revenue estimates. The company saw revenue figures of $316.2 million, beating our consensus estimate of $308.7 million.
Dropbox accredited its strong revenue performance in its first quarter as a public company to an increase in premium plan uptake, marking a 28% revenue increase year over year.
The company saw increases both in the number of paying users (9.3 million to 11.5 million), and the average revenue per paying user ($110.79 to $114.30).
“We continued to add value to our platform with new product features, and enhanced our ecosystem through partnerships with Salesforce and Google. Our team is focused on building a great business for the long-term, and we’re excited for the opportunities ahead of us.”
Here’s a graph that looks at Dropbox’s recent performance:
Dropbox, Inc. is a service company that offers a platform which enables users to store and share files, photos, videos, songs, and spreadsheets.
Check back later for our full analysis on Dropbox’s earnings report!
Wall Street’s Next AmazonZacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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