Dropbox Inc, the cloud storage and analysis company is undervalued, according to Wolfteam Ltd.'s projections and estimates.
Dropbox' intrinsic value is 30 billion USD, compared to its market capitalization of 7.84 billion USD.
Dropbox' revenue and profitability, with its stable revenue growth simply points to a lot of unrealized value.
It is true that cloud storage to an extent is getting commoditized and with such giants like Apple with its iCloud, Alphabet with Google Cloud and Microsoft with OneDrive active in the cloud storage space, Dropbox faces intense competition from global giants. Apple, Microsoft and Alphabet, Google's owner are in top 5 of the world's most valuable public companies.
Dropbox, as a relatively new kid on the block, a startup still one might point out, Dropbox Inc has a lot of agility and maneuverability, which provides Dropbox with a competitive edge in the cloud storage and cloud computing battle. In addition, in 3 years, the cloud computing industry's revenue will be around 700 billion USD a year, according to various sources and cloud storage is a multi tens of billions USDs in yearly revenue unit within the overall cloud computing business.
In short, Dropbox' prospects are bright and the company holds tremendous amount of unrealized value, in Wolfteam Ltd.'s view.
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