In the face of the pandemic, remote work quickly became the norm. And since their stock always plummets after Earnings release I would wait until then.Since 2020, the digitization of the world has accelerated rapidly. I would not invest in options expiring in the next few weeks or even months, but rather buy shares or Leaps for Jan 2022. While only having 8.8 million paying customers in 2016, they now have around 14.6 million paying customers.ĭuring the last month, the stock has dropped significantly, this is due to the reason that they tend to overstate their Earnings report. However, their customer basis has grown steadily in the past, and more and more companies are relying on their system. In their last earnings report, you could see that they:Ī) increased their gross profit YoY from 298.6 million$ to 364.9 million $ī) increased their net income from negative 21.4 million $ to 17.5 million $Ĭ) increased, their assets, short-term investments and R&Dĭ) increased their Cash Flow from operating activities and Free Cash Flow significantly They are planning to generate 100% of renewable energy (not that I give a shit, but you know, always looks good) Facebook will soon announce a partnership with Dropbox that will allow people to port photos over third party providers They recently purchased the e-signature company HelloSign and made it available for all of their
Their desktop app is being used by 90% of Business customers They are partnering with a lot of Universities Their number of Downloads for their app (and this just on Android!) reached 1 billion recently Every day, millions of people around the world use it, and it is often preferred to it's main competitor Google Drive. As you might know, Dropbox is one of the biggest cloud storage providers right now.
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