Dropbox (DBX) went public last year, but since then, it has had a tumultuous year. Despite beating analyst expectations on performance, its stock price has fallen. Today, the company is trading at nearly 5% lower than its list price. Analysts aren't convinced that things will improve soon either.
Dropbox's Financials
Dropbox's recently-reported second quarter revenues grew 18% to $401.5 million. Net loss grew to $ 21.4 million compared with a net loss of $4.1 million a year ago. On an adjusted basis, net income was $42 million, or $0.10 per share. The market was looking