That earnings report had revenue up 13% on the year, comfortably ahead of what analysts had been expecting, while their GAAP EPS print of $0.19 was about 11% higher than the consensus. Considering the cloud storage giant's earnings beat expectations last month, there's a lot to like about Dropbox down at these current levels. That 3% jump could be the start of a rebound, with the stock's relative strength index (RSI) moving steadily higher out of the low 20s. They've flatlined for the last fortnight and bounced off what's looking like a temporary low yesterday. After a 25% drop in shares over the past month, it's finally starting to look like the Dropbox ( NASDAQ: DBX) bears are starting to get tired.
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