Meanwhile, Snap had had a terrible run at the stock market since missing analyst consensus altogether in the maiden quarter as a public company. The stock is currently trading way below its IPO price.
Dropbox delivered a kickass IPO performance in March and started trading at $21, above the updated price range. The stock currently trades at $31.78 and has a price target of $33.15. According to analysts’ consensus, the cloud storage firm is projected to report non-GAAP EPS of $0.04 per share, on revenue of $309.2 million in the first quarter.
Also keep a tab on average revenue per user, a key metric for companies in the tech realm, which is estimated to see a growth of 2% year-over-year during the quarter.
According to analysts’ consensus, the cloud storage firm is projected to report non-GAAP EPS of $0.04 per share, on revenue of $309.2 million in the first quarter.
In the long term, Dropbox has a tough road ahead, given the tight competition in the cloud space from a long list of competitors including Alphabet (GOOGL), Box (BOX), Microsoft (MSFT), Amazon (AMZN), Alibaba (BABA) and IBM (IBM). While Dropbox has so far managed to outperform the biggies, only constant innovation will help the company keep its share of the cloud market.