Dropbox shares climb nearly 20% as company makes a key prediction

//Dropbox shares climb nearly 20% as company makes a key prediction

Dropbox shares climb nearly 20% as company makes a key prediction

Dropbox shares soared nearly 20% Friday, a day after reporting it expects to achieve profitability by the end of the year and announcing a $600-million share buyback. The San Francisco cloud storage company (NASDAQ: DBX) ended the day at $22.45 per share after going as high as $23.72 in intraday trading. The surge came even as the Nasdaq and other market indexes were in the red over concerns related the the coronavirus and a possible economic slowdown. “As we drive adoption of our new products…

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By | 2020-02-22T01:17:37+00:00 February 22nd, 2020|Technology|

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