Source: LinkedIn
Dropbox's (DBX) new product updates will drive customer stickiness. Improving profitability ratios is attractive, and the path to profitability is clearer. The market is still stuck on the customer churn narrative, given the presence of strong competition in the storage space. However, Dropbox's improved value proposition will continue to drive product retention rate. I remain bullish on Dropbox's valuation, given its recent investments to provide more value to its users.
Demand (Rating: Neutral)
Dropbox reported inline growth numbers last quarter. Revenue grew 19%, driven by growth in paying users and ARPU