Our proven model doesn’t conclusively predict an earnings beat for Dropbox this time around. However, increasing investments on product enhancements and other growth strategies are likely to have limited margin expansion in the third quarter. In fact, these aforesaid factors have been helping Dropbox in winning new customers. Dropbox’s acquisition synergies and strong expansion drive are anticipated to get reflected in the third-quarter results. The company’s partnership with Microsoft, Google, Salesforce, Adobe, and Zoom is making it easier for people and organizations to work with files on the go. Dropbox has also been announcing various partnership programs of late. The companies together have been providing enhanced experience to Dropbox users, and simplifying workflows for millions of customers. These are anticipated to get reflected in the third-quarter top line.ĭropbox has completed the acquisition of HelloSign. The company’s focus on helping users access and synchronize files, and utilize applications through multiple devices has been enhancing user experience and consequently the third-quarter performance.įurther, strong focus on product innovation and introduction of new products are anticipated to have provided the company a competitive edge against peers. The consensus mark for sales stands at $422.89 million, suggesting an improvement from 17.4% from the year-ago reported figure.ĭropbox’s continuous efforts to strengthen cloud-based and AI technologies are likely to have driven the top line in the third quarter. The Zacks Consensus Estimate for third-quarter earnings is pegged at 11 cents, unchanged over the last 30 days. Read more about what analysts expected from Dropbox here on BI Prime.Dropbox, Inc.
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