BUZZ-Dropbox falls on lower-than-expected annual revenue growth forecast
ReutersFeb 21, 2025 12:33 PM
Shares of cloud platform provider Dropbox DBX.O fall over 9% to $28.96 in premarket trading
Co reported worse-than-expected annual revenue forecast for 2025 on Thursday
J.P. Morgan said co's 2025 guidance missed consensus estimates for annual revenue growth by around 3.5 percentage points, due to an $18 mln foreign exchange headwind and a 150 bps headwind related to FormSwift
DBX had acquired form management platform FormSwift in 2022
William Blair said co expects paying users to decline by roughly 1.5%, or 300,000 users, with around half of the decline expected in Q1
Co reported adj. profit of $222.6 mln, or 73 cents/share, beating analysts' average estimate of 62 cents/share
DBX shares up 6.1% YTD as of last close; stock rose ~2% in 2024
Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.
Related Articles
Tesla Stock Outlook: Competing With Rivian, Robotaxi Potential, and 2026 Prospects
There is much conversation about the prospect of investing in Tesla (TSLA) as we move closer to 2026. The volatility of its share price in 2025 is leading many investors to consider if they should purchase shares of Tesla given the alternatives available in terms of electric vehicles (Rivian, etc.).TradingKey
19 hours ago
Amazon Stock Predictions for 2026 to 2030: Will They Exceed Expectations and Achieve Major Long-Term Goals?
TradingKey - As we head into 2026, many investors are questioning where Amazon (AMZN) fits into the technology world.TradingKey
Fri, Feb 6
A Crash After a Surge: Why Silver Lost 40% in a Week?
TradingKey - Spot silver (XAGUSD) prices continue to decline. Silver plunged 20% on Thursday, breaking below $71 per ounce, with the sell-off intensifying on Friday as prices fell further below $64. Compared to the all-time high set on January 29, silver prices have retraced more than 40%, wiping out nearly all gains accumulated over the previous month.TradingKey
Fri, Feb 6
Is Bitcoin’s Four-Year Cycle Dead in 2026?
Is the Bitcoin 4-year cycle dead? After 2025 broke historical records with a red post-halving year, institutional analysts explore if the Bitcoin price has decoupled from the halving countdown. Analyze the impact of spot ETFs, global liquidity, and the roadmap to the 2028 halving in this 2026 marketTradingKey
Wed, Feb 4
