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SAN FRANCISCO--(BUSINESS WIRE)--Dropbox, Inc. (NASDAQ: DBX) announced today that it will report financial results for the third quarter ended September 30, 2024 after market close on Thursday, November 7, 2024. The company will also hold a conference call on the same day at 2:00 PM PT / 5:00 PM ET to discuss its financial results with the investment community. A live webcast and replay of the conference call can be accessed from the Dropbox investor relations website at http://investors.dropbox.
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Dropbox (DBX) concluded the recent trading session at $24.59, signifying a +1.32% move from its prior day's close.
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Reclaim.ai, a Portland, Ore.-based startup that uses AI to help companies prioritize tasks and coordinate schedules with a calendar app, has been acquired by file management giant Dropbox.
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Dropbox posted weak Q2 results that do little to reassure investors that the stock is capable of a rebound. Revenue growth decelerated to 1.8%, which is virtually zero growth as customer additions continue to be low. In the enterprise space, Dropbox faces stiff competition from Box, while on the lower end, consumers get more free storage from Google Drive.