File storage-sharing firm Dropbox (DBX) is a hot stock again. On May 7, the firm posted first-quarter results. That sent DBX stock up from $25 to around $29.
Dropbox grew revenue by 0.8% Y/Y to $629.5 million. Non-GAAP EPS was $0.76. Investors might consider looking at Box (BoX), too. Bears hold a 9.5% short interest in the firm. But to signal its confidence, Box’s management announced a $500 million stock buyback plan in March.
For Dropbox, adoption of Dash is progressing. It expands Dropbox’s addressable market, since it could gain customers who are not using its service today. Dash also integrates with Alphabet’s (GOOG) Google Docs. It also works with Slack and Salesforce (CRM).
Trade Desk (TTD) is an advertising platform that is facing severe market share pressures. Meta Platforms (META) expanded its profit margin as its revenue growth accelerated. Google search effortlessly posted strong advertising revenue. YouTube is also benefiting from those bullish trends.
TTD briefly traded below $20, down from $24, after its Q1 report. The firm posted $688.86 million in revenue (+11.8% Y/Y). Q1 non-GAAP EPS of $0.28 is deceiving: stock-based compensation of $109.05 million dwarfed its $39.997 million in net income.
Bears are betting on TTD stock falling to the teens. The short interest is 17%.
