Categories AlphaGraphs, Analysis, Earnings, Technology

Partnerships likely to drive Dropbox higher post Q2

Dropbox (NASDAQ: DBX) will report second-quarter 2019 financial results after the regular trading hours on Thursday, August 8. When it last reported results, the file hosting service provider exceeded earnings estimate as solid user growth pushed up revenues. The stronger-than-expected results had spurred a stock rally.

EARNINGS OUT: Dropbox beats Q2 earnings estimate, revenues in line

When the company reports the second-quarter results, analysts expect an 18% jump in revenues to $400.9 million, as the company continues to expand its user base.

icon of dropbox in a phone
Image by Edward Lich from Pixabay

However, the bottom-line is projected to shrink to 8 cents per share from 11 cents per share in the year-ago period due to the continuous flow of investments into technologies such as artificial intelligence, aimed at improving the service.

The San Francisco, California-based firm has also been rampantly forging partnerships and making acquisitions to enhance its products and also to win new customers.

READ: Microsoft acquires advertising startup PromoteIQ for undisclosed amount

The recent acquisition of HelloSign is expected to give a boost to Dropbox in the electronic signature market. The strategic partnerships with Salesforce (NYSE: CRM), Microsoft (NASDAQ: MSFT), Atlassian (NASDAQ: TEAM) and Adobe (NASDAQ: ADBE) are also simplifying workflow and improving customer experience. Happy customers mean better retention rates.  

Shares of Dropbox, which went public last year, have been mostly trading sidewise this year. Currently, the stock is up about 5%.

dropbox q1 2019 earnings

The stock has a 12-month average price target of $33.50, which is at a 55% upside from Tuesday’s trading price. DBX has a Strong Buy rating in the market.   

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Most Popular

CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%

Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss

Key metrics from Nike’s (NKE) Q2 2025 earnings results

NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net

FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips

Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,

Comments

  1. Pingback: ????? ??????
  2. Pingback: Msc in dental
  3. Pingback: engineering majors
  4. Pingback: Corona virus
  5. Pingback: Fiverr Earn
  6. Pingback: Fiverr Earn
  7. Pingback: Fiverr Earn
  8. Pingback: Fiverr Earn
  9. Pingback: fiverrearn.com
  10. Pingback: fiverrearn.com
  11. Pingback: fiverrearn.com
  12. Pingback: 3pl Broker
  13. Pingback: french bulldog
  14. Pingback: fiverrearn.com
  15. Pingback: fiverrearn.com
  16. Pingback: exotic bully
  17. Pingback: jute rugs
  18. Pingback: clima fresno ca
  19. Pingback: slot online
  20. Pingback: what is seo
  21. Pingback: seo
  22. Pingback: bulldogs puppy
  23. Pingback: Fiverr
  24. Pingback: french bulldog
  25. Pingback: lean six sigma
  26. Pingback: Warranty
  27. Pingback: Piano restorations
  28. Pingback: FUE
  29. Pingback: FUE
  30. Pingback: FUE
  31. Pingback: Packing services
  32. Pingback: Classic Books 500
  33. Pingback: FiverrEarn
  34. Pingback: Fiverr
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: Coach
  38. Pingback: FiverrEarn
  39. Pingback: pupuk organik cair
  40. Pingback: partners
  41. Pingback: endopump
  42. Pingback: Betting tips
  43. Pingback: FiverrEarn
  44. Pingback: live sex cams
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: serialebi qaerulad
  52. Pingback: dictionary
  53. Pingback: Kuliah Termurah
  54. Pingback: FiverrEarn
  55. Pingback: cheap sex cams
  56. Pingback: live sex cams
  57. Pingback: live sex cams
  58. Pingback: live sex cams
  59. Pingback: live sex cams
  60. Pingback: Freeze dried water
  61. Pingback: frt trigger
  62. Pingback: 늑대닷컴
  63. Pingback: Slot Fantasi
  64. Pingback: nang delivery
  65. Pingback: superslot
  66. Pingback: allgame
  67. Pingback: 918kiss
  68. Pingback: หวย24
  69. Pingback: K-beauty
  70. Pingback: pg slot
  71. Pingback: AI Attorney
  72. Pingback: cybersécurité
  73. Pingback: health supplements
  74. Pingback: megagame
  75. Pingback: electronic visa
  76. Pingback: contratar sicario
  77. Pingback: ItMe.Xyz
  78. Pingback: ItMe.Xyz
  79. Pingback: ItMe.Xyz

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top