So, if HelloSign grows and Dropbox adds users from its partnership with Adobe and Dropbox Transfer for Adobe Creative Cloud, the stock will eventually find a bottom.ĭropbox stock will continue facing selling pressure after peaking at ~$23.50 in the summer. Investors may appreciate that DBX stock did not dilute by much in two years. Second, customer retention and conversion increase as engagement increases, and churn rates decline. First, paid users to get tools that help keep them better organized. Users appreciate the new offerings that have two objectives. Dropbox needs to upsell this to its existing customers before gross margins expand.ĭropbox highlighted the addition of around 300,000 paying users and growing ARPU. But investors need to wait patiently before the e-signing solution pays off. Hellosign, which has similarities to DocuSign’s offering, is a potential growth catalyst.
GAAP operating income more than doubled, up 261% (up 100% Y/Y on a non-GAAP basis).
6 following mixed quarterly results.ĭropbox posted revenue growing 14% to $487.4 million. The downtrend is firmly in place after the stock fell ~5% on Nov.
In May, the stock failed to break out above the $24 range. Dropbox (NASDAQ:DBX) is one of the worst-performing post-IPO technology stocks.
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