DBX - Dropbox Shows Again Why It Is the Ultimate Tech Value Stock
Dropbox (NASDAQ: DBX) used to be a Silicon Valley darling. Founded in 2007, the company skyrocketed to a $4 billion valuation in 2011, propelled by torrid user growth. Then, after going public in 2018 at a price of $21 per share and a market cap of more than $8 billion, it failed to live up to investor expectations. The stock is down around 15% from the closing price on its first trading day, trailing the S&P 500 during that time span.
However, while Dropbox has disappointed investors so far, if you look at its financials, the business has actually improved mightily since it first went public. After releasing its first-quarter results , the company is again showing why it's the ultimate tech value stock.
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Dropbox Shows Again Why It Is the Ultimate Tech Value Stock