Dropbox Shares Could Sync as Cloud Storage Becomes Further Commoditized; Lower FVE to $12
Dropbox reported decent fourth-quarter results but provided investors with a relatively tepid first-quarter forecast as the firm completed its first full year as a public company. We continue to be concerned about Dropbox's competitive position in what we believe will be a commoditized cloud storage industry. Furthermore, we believe that Dropbox’s collaboration offerings lack meaningful differentiation from the solutions provided by rivals Microsoft and Google. As a result, we maintain our no-mo...Dropbox is a global collaboration platform that centralizes the flow of information between the products and services its users prefer. Dropbox allows individuals, teams, and organizations to collaborate. Anyone can sign up for free via the company's website or app, and upgrade to a paid subscription plan for additional features. Dropbox is a digital workspace where individuals and teams can create content, access it from anywhere, and share it with collaborators. The company also utilizes Amazon Web Services (AWS), for the remainder of its users' storage needs and to help deliver its services. These AWS datacenters are in the United States and Europe, which allows the company to localize where content is stored.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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