Software stock Dropbox Inc (NASDAQ:DBX), which was one of our successful top picks in 2024 , is down 4.2% in the last three days, pulling back to support at the $28 level.
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Dropbox, Inc. (NASDAQ:DBX ) Q1 2025 Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Peter Stabler - Head, Investor Relations Drew Houston - Co-founder and Chief Executive Officer Tim Regan - Chief Financial Officer Conference Call Participants Steve Enders - Citi Rishi Jaluria - RBC Capital Markets Matt Bullock - Bank of America Alex Nguyen - Jefferies Patrick Walravens - Citizens Bank Sonak Kolar - JP Morgan Operator Hello and welcome to Dropbox's First Quarter 2025 Earnings Conference Call. At this time all participants will be in listen-only mode.
Dropbox (DBX) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.58 per share a year ago.
DBX's first-quarter 2025 performance is expected to have benefited from improved margins and product enhancements, despite challenges in user growth.
In the latest trading session, Dropbox (DBX) closed at $28.41, marking a -0.59% move from the previous day.
Dropbox (DBX) reachead $26.93 at the closing of the latest trading day, reflecting a +0.71% change compared to its last close.
Dropbox's chief customer officer, Eric Cox, plans to step down, according to a document filed with the SEC on Friday. Cox will remain in his current role for “a period of time” to help with the transition, per the filing, and then will continue as a “non-executive” employee through mid-August.
In the most recent trading session, Dropbox (DBX) closed at $27.24, indicating a +0.41% shift from the previous trading day.