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Dropboxlong

Dropbox Reported Results in line With Analysts' Expectations Dropbox ( NASDAQ:DBX ), a cloud storage and e-signature company, reported Q1 earnings results in line with analysts' expectations, with revenue up 3.3% year on year to $631.3 million. The company made a non-GAAP profit of $0.58 per share, improving from its $0.42 per share in the same quarter last year. Dropbox's gross margin (GAAP) was 83.2%, up from 80.9% in the same quarter last year. Dropbox'S ( NASDAQ:DBX ) core business delivered in-line revenue and better than anticipated profitability in Q1. Dropbox's revenue growth has been unremarkable over the last three years, growing from $511.6 million in Q1 2021 to $631.3 million this quarter. However, the company's quarterly revenue was only up 3.3% year on year, which might disappoint some shareholders. Additionally, Dropbox's revenue decreased by $3.7 million in Q1 compared to the $2 million increase in Q4 CY2023. Analysts covering the company were expecting sales to grow 1.6% over the next 12 months before the earnings results announcement. Technical Outlook NASDAQ:DBX stock is in a Falling Wedge pattern. Which started as a result of the downward Gap from the start of February. Further accentuating the bearish trend is the Relative Strength Index (RSI) of 41.91. In the short term, NASDAQ:DBX is poised for a trend reversal after falling for quite some time.
NASDAQ:DBXLong
by DEXWireNews
Dropbox LONGSignals : Entry price: 25,77 Target price: 32,62 Stop loss: 24,57 Indicators : Keltner channel - price moved down to the lower boundary of the channel. RSI reaches lower levels which suggests oversold conditions ADX is a little bit above the 20. -DI crossed over +DI and the space between them is wide. Conclusion : The entry price is at the support of one of the Fibbonacci retracement level. RSI was approaching the oversold area and now is going up - people have started to buy the asset. The ADX is increasing from the 20 level. The -DI is starting to decrease and is above the +DI which indicates the buy signal. The long position is recommended. no financial advice
NASDAQ:DBXLong
by vf_investment
US Stock In Play: $DBX (Dropbox Inc)$DBX is currently morphing out a Bullish Flag pattern, after initiating a breakout of its $25 year long price resistance. The total cumulative gain attained for this 5 days flag formation stance at +14.33%, with $DBX currently trading at its 52 weeks high at $28.07. With implied volatility of $DBX having picked up since December 2020, and currently trading at $1.10/day ATR in consolidated price action, $DBX is poised for a further continuous breakout towards $33 target. $DBX provides a collaboration platform worldwide. Its platform allows individuals, teams, and organizations to collaborate and sign up for free through its website or app, as well as upgrade to a paid subscription plan for premium features.
NASDAQ:DBXLong
by jfsrevg
Dropbox (DBX) DO NOT IGNORE THIS UNDERDOGI have no time to write up an angry rant but DO NOT miss the mega move thats coming for this one. It is an underdog just like Upwork was prior to recent move. Its the same looking chart. Moon is coming. This dog is absolutely UNDERFUCKINGVALUED and under appreciated like your spouse or significant other that you are not paying attention to because you are reading this garbage post. It has everything going for it. The only thing its missing is a crypto storage feature, imagine what would that do to the stock price? LOL $60 on it. Dont care what the chart will do but we will get there.
NASDAQ:DBXLong
by bossmodetrader
3
US Stock In Play: $DBX (Dropbox Inc)$DBX have successfully played out its Bullish Wedge breakout formation, attaining its target projection of $24.15 from the adjacent height of the previous correction. Dropbox opened trading yesterday with Bullish Runaway Gap, characterized by a significant price change in the direction of the short term prevailing trend, closing the session with $24.20 acting as an immediate resistance for the week. The breakout of $24.20 on $DBX will be a valid mid term Double Bottom chart formation breakout in play, a continuous follow through for its second chart bullish chart formation breakout in less than 2 weeks; a potential reversal to a long term bullish price trend establishment.
NASDAQ:DBXLong
by jfsrevg