Dropbox, Inc.
Long

Dropbox Surges After-hours

485

Upside levels to watch
$22.57 = Fibonacci golden pocket & .286 overall retrace level
$23.53 = Point of control , critical level.
$26.53 = Overall .382 Fibonacci retrace level.
Earnings highlights
Dropbox (NASDAQ:DBX) +12.2% after Q4 beats with 19% Y/Y revenue growth.
Cash from operating activities totaled $446M with FCF of $161.3M.
ARR was up 19% Y/Y to $1.82B.
Paying users totaled 14.3M at the end of the year, up from 12.7M in the prior year. ARPU was $125 versus $119.61.
Non-GAAP gross margin was 77.6%, up from 75.7% in last year's quarter. Operating margin was 15.6% compared to 11%.
Buyback: The board authorizes a $600M repurchase program of Class A shares.
Source Seeking Alpha

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