Dropbox (DBX) reported a strong quarter with revenue growing ~20% when excluding the impact of currency and was ahead of expectations. This also stopped the recent trend of revenue deceleration, which was seen in the past few quarters. Management raised guidance slightly more than the Q3 beat and while there is only one quarter left in the year, it demonstrates their confidence in the business.
However, the stock has traded down around 10% since reporting earnings and heading into 2020, we could see trends start to improve. Valuation has pulled back quite a