Dropbox DBX Shares Implode After COO Quits 8-13-18

Dropbox- DBX

Dropbox DBX Shares Implode After COO Quits 8-13-18

Dropbox stock falls 7% after earnings easily beat expectations, COO steps down

Dropbox Inc. reported better-than-expected quarterly earnings and revenue late Thursday, as the cloud-storage company grew its paying customer base and earned more from each user than Wall Street projected, but shares still dropped.

Dropbox stock DBX, -9.82% were down 7.7% in early afternoon trading Friday, after the San Francisco-based company’s second-quarter earnings report, which included news that Chief Operating Officer Dennis Woodside was stepping down.

Dropbox also disclosed that a post-IPO lockup on shares would expire earlier than previously planned.


Dropbox Shares Tank on COO Departure

Despite better-than-expected earnings results, Dropbox Inc. (DBX) shares were down 7.3% early in Friday’s session after the company announced that its chief operating officer is leaving.

Dropbox reported 11.9 million paying subscribers at the end of June. That’s a 20% increase from the second quarter last year, and above the 11.7 million subscribers Wall Street expected.

Revenue increased 27% year over year to $339.2 million. Non-GAAP income was $0.11 per share, up from $0.06 per share a year prior.


DBX Drop Box Inc 8-13-18

DBX Drop Box Inc 8-13-18

Today's Trade of the Day | 8-13-18

Since June, LULU Lululemon struggled to remain above the $128 level. Friday's close happened when the stock market plunged lower on bad news. Relative strength plays give excellent signals for initiating new trades. I'm game planning a new swing trade long, but using a $131 buy stop to trigger the entry.  Stop loss on a close below $128, initial profit target comes in at $143.

LULU Lululemon Athletica 8-13-18

LULU Lululemon Athletica 8-13-18

Stocks to Trade | Monday Edition 8-13-18

Bullish Cash Flow Trades: ETSY, SFIX, MTCH, TTWO, YELP, LULU, ROKU, NKTR

Bearish Cash Flow Trades: CWH, Z, OC, FSLR, PCG, XRAY, CAH

New 20 Day Breakout: ddd, mtch, esrx, yelp, wp, roku

New 20 Day Breakdown: mchp, txn

Double Normal Volume: AABA, ROKU, DBX, MCHP, YELP, DDD, ESRX, AA, PBF, CI

Become a Better Trader. Get Notified.

Tape Reading the SPY ETF

SPY ETF 8-13-18

SPY ETF 8-13-18


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Pete great e-mails ty-for sending –bob curran–i no longer go on FB-NOW FOR 8-MONTHS–TOADDICTIVE–TY AGAIN PETE

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