In 2022, however, the situation is completely different and DBX is undervalued in my opinion. For one, the stock was clearly overvalued at its all-time high in 2018. There are several reasons why Dropbox shares have lost over 48% since 2018.
Reasons Why Dropbox Is Down 48% Since 2018 Right now, DBX has over 700 million registered users and 17.37 million paying users. The company was founded in 2007 by Arash Ferdowsi and Andrew Houston, who is still the CEO today after 15 years. You can then use these links to share all kinds of files and folders with other people, without sending uncomfortably large attachments. About Dropboxįor those of you who don't know what Dropbox actually is, it's a cloud storage service that allows you to store various files online and then automatically sync them to your devices. The increasingly uncertain macroeconomic situation also made me make this purchase because I personally think that Dropbox is one of the less risky stocks. Due to this situation, I recently decided to buy DBX shares. In my opinion, Dropbox's management is doing a very good job and their business is still growing well. The stock has been going through rough times since its IPO, but that's something that can't be said about its core business. Since then, the company has nearly doubled its revenue and tripled its profits. Dropbox ( NASDAQ: DBX) shares have fallen 48% from their all-time high in 2018.
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