DBX - This Tech Stock Is Way Too Cheap
Dropbox (NASDAQ: DBX) , the cloud storage and collaboration platform, just wrapped up a strong fiscal year. But even with the company's rising revenue, greater profitability, and a higher customer count, its stock price was down as much as 5% following the release of its fourth-quarter earnings last week.
Despite not getting much love from Wall Street traders at the moment, there is still plenty to like with Dropbox. Let's take a look at why this tech stock is way too cheap to pass up.
Although Dropbox was once a Silicon Valley darling, market participants seem to think its best days are well behind it. Today it has a market cap of $9.2 billion, while seven years ago a private financing round valued the company at around $10 billion. Despite the negative market sentiment, Dropbox's most recent earnings report points to a brighter future.
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This Tech Stock Is Way Too Cheap