Why Dropbox Stock Climbed 21.6% in the First Half of 2020

Why Dropbox Stock Climbed 21.6% in the First Half of 2020

Shares of Dropbox (NASDAQ: DBX) gained 21.6% in the first six months of the year, according to data from S&P Global Market Intelligence. Dropbox reported results for the fourth quarter in February and posted sales and earnings that topped the market's expectations. The average analyst targets, as polled by Refinitiv, had earnings of $0.14 per share on revenue of $443 million.