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• If you are wondering whether Dropbox shares still offer value at current levels, this article walks through what the numbers are really saying about the stock.

• Dropbox recently closed at US$26.30, with returns of 0.7% over the last 7 days, a 6.1% decline over the last 30 days, a 2.3% decline year to date, and a 16.5% decline over the last year. The 3 year and 5 year returns sit at 12.4% and 16.2% respectively.

• Recent headlines around Dropbox have focused on its role in cloud storage and collaboration software, as investors weigh how these services fit into…