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Dropbox stock price now up 13% on strong Q1 results

By: Invezz

Shares of Dropbox (NASDAQ:DBX) have gained around 13% in the past few days after the tech company reported a strong performance in the first-quarter of the year. The buyers are now likely to push the price action towards $23.70, which hosts an important horizontal resistance.  Fundamental analysis: First-ever quarterly profit Dropbox reported adjusted earnings of $0.17 per share, higher than $0.14 expected from the market analysts. The revenue came in at $455 million, an increase of 18% compared to $385.6 million reported a year ago. Wall Street analysts expected revenue just over $452 million. “We had a strong first quarter

The post Dropbox stock price now up 13% on strong Q1 results appeared first on Invezz.

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