Dropbox has a market cap of just over $8 billion.
The stock was down over 2% this morning at $21.30, but up from the 52-week low of $19.90.
The company has a 52-week high of $33 per share. Alternatively, the opposite is possible if Dropbox reports earnings that disappoint the investing community, the company could see its share price fall further. The performance Dropbox reports Thursday could bolster the company’s growth narrative, boost its guidance for the year, encourage its share price and assuage investors. Consumer and business file storage and sharing service Dropbox will report its first-quarter earnings tomorrow, and for the former unicorn and present-day public company, the stakes appear quite high.ĭropbox is coming off a year of growth stuck in the low teens, with growth forecasted to prove even slower growth in 2022.
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