DBX - Here's Why Dropbox Stock Rose 10% in 2021
Dropbox (NASDAQ: DBX) climbed by 10% in 2021 due to shifting valuation ratios and steady growth. After building some momentum on positive fundamental results early in the year, the stock became one of the victims of the fourth quarter's stay-at-home sell-off .
Dropbox's revenue grew by about 13% in 2021. Over the nine months that have been reported so far, the company produced $500 million in free cash flow. That's a nice step up from its FCF of $330 million in the corresponding period of the prior year. Other workflow and file-sharing software companies might get more attention, but Dropbox is notching consistent, respectable growth.
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Here's Why Dropbox Stock Rose 10% in 2021