DBX - Dropbox Just Jumped After Q2 Earnings: Should You Buy the Stock?
Dropbox (NASDAQ: DBX) , the file storage and work collaboration hub, just announced results for the second quarter of 2021. Profit margins and cash generation were better than investors expected, and the company raised its free cash flow guidance for the full year. This led the stock to rise in the days following the report, and Dropbox stock is now up almost 50% so far in 2021.
With the business gaining momentum, is now the time to buy some shares of Dropbox? Let's take a look.
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Dropbox Just Jumped After Q2 Earnings: Should You Buy the Stock?