![]() It ended the period with 17.9M paying users, up from 17.09M in the year-ago period and average revenue per user rose to $138.97 from $134.63 in the same period last year. Shares of Box ( BOX), which competes with Dropbox ( DBX), also rose on back of the results.ĭuring the first-quarter, Dropbox ( DBX) said it earned an adjusted 42 cents per share on $611.1M, topping estimates of 36 cents per share and $601M in sales. The cloud storage pioneer Dropbox only offers 2 GB of free storage, but is still very popular, mostly due to its very good usability and because you can earn. "Given the longer-term implications around the evolution of work, the stock’s modest valuation, a generous stock repurchase program, and margin expansion, Dropbox may appeal to value investors however, revenue growth trends have been uninspiring, and we believe the darkest days of this downturn are ahead of us," White wrote in an investor note. If you don't use these services, you can utilize almost all the space for Google Drive alone. The total storage is actually shared with other Google services, like Gmail and Google Photos. ![]() However, he expressed caution, especially in light of the ongoing economic uncertainty. Google Drive is the cloud storage service offered by Google. ![]() Monness, Crespi, Hardt analyst Brian White, who has a neutral rating on Dropbox ( DBX ), noted that the tone on the earnings call was "relatively constructive," even as the company deals with weakness in its Teams plans. Hocus-focus/iStock Unreleased via Getty Imagesĭropbox ( NASDAQ: DBX) shares surged nearly 8% on Friday after the cloud storage provider reported first-quarter results and guidance for the coming period that was well received by investors and analysts alike. ![]()
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