Buy Dropbox, Sell Trade Desk
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Dropbox (DBX) stock surged from $25 to $29 after reporting a 0.8% revenue growth to $629.5 million and a non-GAAP EPS of $0.76. The company is expanding its market with the adoption of Dash, which integrates with Google Docs, Slack, and Salesforce. In contrast, Trade Desk (TTD) faces market share pressures, with its stock dropping from $24 to below $20 post-Q1 report, despite an 11.8% revenue increase to $688.86 million. TTD's non-GAAP EPS of $0.28 is misleading due to high stock-based compensation, leading to bearish sentiment with a 17% short interest.
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