Still Growingĭropbox shares fell roughly 4% after the company reported a $345 million loss in its fourth-quarter earnings due to a one-time $400 million real-estate charge as it fully transitioned to remote work. Moreover, considering its market cap of just $10.6 billion and a competitive position in the ever-growing cloud market, Dropbox may be on the radar for an acquisition, which would cause its share price to surge. Dropbox is turning into a free cash flow machine with long-term targets of reaching $1 billion in free cash flow. That said, the company continues to deliver growth in all relevant metrics, but most importantly, is quickly improving its profitability. The cloud storage platform offers file synchronization, infrastructure modernization, and workflow optimization to enhance team collaboration and innovates its ecosystem to continue competing in a gigantic (and growing) market. While some growth investors may have written the stock off, its given valuation in today's market frenzy around technology companies simply cannot be ignored. The forgotten tech IPO of 2018 saw its share price deteriorate quickly after reporting decelerating revenue growth and stiff competition from Big-Tech firms such as Amazon ( AMZN ), Google ( GOOG ) ( GOOGL ), and Microsoft ( MSFT ). Photo by funky-data/iStock Unreleased via Getty Images Overviewĭropbox (NASDAQ: NASDAQ: DBX) is the perfect combination of a value and growth stock at an attractive price.
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