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Research Alert: Dropbox Reports Solid Q1 Results, Supported By Growth In Its Core Business

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

DBX reported Q1 2026 revenue growth of 0.8% Y/Y to $629.5M, with core business excluding FormSwift accelerating to 2.0% Y/Y growth - the strongest pace in recent quarters. ARR increased 0.3% Y/Y to $2.560B while ARPU rose to $141.18 from $139.26, though paying users declined modestly to 18.09M. The strategic focus on Dash expansion and core FSS improvements appears to be yielding positive results, even as FormSwift wind-down creates revenue headwinds. Management expects modestly negative net new paying users in Q1 due to seasonality and FormSwift pressures, with flat growth for the remainder of the year and Dash monetization beginning in 2H. We believe the underlying business is stabilizing despite margin compression, with operating margin declining to 27.5% from 29.4% due to infrastructure investments. Strong cash generation capabilities remain intact, with operating cash flow surging 33% Y/Y to $204.5M and the balance sheet robust at $1.289B in cash.

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Research Alert: CFRA Lowers Opinion On Shares Of Logitech International S.a. To Sell From Hold

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Research Alert: CFRA Lowers Rating On Shares Of Tempus Ai To Sell From Hold

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Research Alert: Tko Group Holdings Reports Q1 2026 Earnings Beat; Revenue In Line

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TKO reported mixed Q1 2026 results with EPS of $1.12 beating consensus by $0.06, while revenue of $1.6B (+26%) was only in line with estimates. Growth was fueled by IMG integration and broad-based strength across UFC, WWE, and IMG segments. Despite mixed top-line performance, profitability metrics showed improvement with Adjusted EBITDA advancing 32% to $549.8M and margin expanding 100 bps to 34%. Management reaffirmed full-year 2026 guidance of $5.68B-$5.78B in revenue and $2.24B-$2.29B in Adjusted EBITDA. The company delivered exceptional cash generation with free cash flow of $674.5M and returned $1.0B to shareholders through buybacks and dividends. We believe the diversified revenue model provides strong visibility, with new media rights deals including the $1.1B annual Paramount agreement and ESPN/Netflix contracts supporting future growth. In our view, the additional $1B buyback authorization signals board confidence in the business model and cash flow trajectory as we look ahead in 2026-2027.

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