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Fly News Breaks for December 11, 2018
DBX
Dec 11, 2018 | 08:47 EDT
William Blair analyst Jason Ader initiated coverage of Dropbox with an Outperform rating. The current consensus estimates "leave room for upside," while Dropbox's current enterprise-value-to-free-cash-flow multiple of 19 times 2019 estimates is "strikingly low for a rapidly growing" Software-as-a-service business, Ader tells investors in a research note. The analyst highlights the company's evolution from consumer cloud storage to professional content collaboration.
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