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Pressure Mounts As Dropbox Prepares First Earnings Report

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News video: Pressure Mounts As Dropbox Prepares First Earnings Report

Wall Street is waiting with bated breath as Dropbox heads into its first quarter as a public company.

Fresh off a successful IPO, Dropbox is preparing its first ever earnings report.

Currently valued at $12.5 billion, Dropbox began trading on the Nasdaq at the end of March.

Analysts say they expect the cloud computing storage company to keep up its momentum "In an environment of increasingly heterogeneous IT environments, rising data volume, and growing emphasis on collaboration, the company remains positioned for continued strong fundamentals... We expect results and guidance to exceed consensus."

KeyBanc analyst Rob Owens

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