According to Hynes, the latter is more likely.
Looking ahead, analysts will be focusing on what revenue growth will look like between now and 2024, with the bears anticipating a deceleration to the mid-single digits, while the bulls expect low-double digits growth. "The challenge these days in software is that growth is in vogue, almost irrespective of price, and in that kind of tape, a stock like DBX is going to underperform (ignoring speculation of an M&A buyout),” according to Hynes. After talking to management, Hynes said that a portion of the savings will likely be reinvested in faster-growing parts of the business, like HelloSign.įollowing the latest cost-cutting move, the analyst's view on Dropbox remains “little changed.” Commenting on the streamlining measures, Canaccord Genuity analyst David Hynes believes that the workforce reduction plan is part of the new CFO Tim Regan’s commitment to meet the company's 2024 profit targets.
0 kommentar(er)
