Investors Cheer Dropbox's Shift to Profitability
Despite being 13 years old, Dropbox (NASDAQ: DBX) has never been profitable, at least on a GAAP basis. On an adjusted basis, the cloud storage pioneer has been able to post black ink, but Dropbox has still struggled to win over everyday investors -- shares have mostly lagged the broader market ever since the company went public in 2018.
In fact, the stock is currently only trading modestly higher than its IPO price of $21, thanks in large part to skyrocketing following Dropbox's fourth-quarter earnings report last week.
Source Fool.com



