DigitalOcean Holdings, Inc. (DOCN)

NYSE: DOCN · Real-Time Price · USD
34.15
-0.77 (-2.21%)
Dec 30, 2024, 12:32 PM EST - Market open
-2.21%
Market Cap 3.15B
Revenue (ttm) 756.56M
Net Income (ttm) 82.17M
Shares Out 92.28M
EPS (ttm) 0.87
PE Ratio 39.08
Forward PE 19.95
Dividend n/a
Ex-Dividend Date n/a
Volume 9,135
Open 34.13
Previous Close 34.92
Day's Range 33.59 - 34.40
52-Week Range 26.63 - 44.80
Beta 1.76
Analysts Buy
Price Target 42.11 (+23.31%)
Earnings Date Feb 19, 2025

About DOCN

DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. The company’s platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and growing digital businesses. It also offers infrastructure-as-a-service (IaaS) solutions comprising compute and storage services, as well as networking projects, including Cloud Firewalls software, Managed Load Balancers software, and Virtual Private Cloud (VPC). The company also provides ... [Read more]

Sector Technology
IPO Date Mar 24, 2021
Employees 1,156
Stock Exchange NYSE
Ticker Symbol DOCN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for DOCN stock is "Buy." The 12-month stock price forecast is $42.11, which is an increase of 23.31% from the latest price.

Price Target
$42.11
(23.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Digital Ocean: One Of My Top 5 Growth Plays In 2025 For "AI Arm Race"

DOCN is positioned to benefit from AI arm race, focusing on SMBs and democratizing AI access, making it a strong long-term buy. Despite recent growth deceleration, DOCN's niche market of companies wit...

8 days ago - Seeking Alpha

DigitalOcean to Participate in UBS Global Technology and AI Conference

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud for digital-native businesses, today announced that Chief Executive Officer Paddy Srinivasan will parti...

4 weeks ago - Business Wire

DigitalOcean Announces Availability of Bare Metal GPUs

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud for digital-native businesses, today announced the availability of DigitalOcean Bare Metal GPUs, dedica...

5 weeks ago - Business Wire

DigitalOcean: I Expect Growth To Accelerate In The Foreseeable Future

I give a buy rating for DigitalOcean due to anticipated growth acceleration driven by its AI strategy, larger customer base, and improving net dollar retention rate. DOCN's AI strategy positions it to...

5 weeks ago - Seeking Alpha

DigitalOcean Introduces Scalable Storage for Managed MongoDB Offering

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simple scalable cloud, today introduced scalable storage for DigitalOcean's Managed MongoDB offering, giving users the ability ...

6 weeks ago - Business Wire

AI Spending Surge Drives Palantir, DigitalOcean Gains

Enterprise technology providers from Palantir to Lumen are riding an new wave of artificial intelligence (AI) adoption.

Other symbols: PLTR
7 weeks ago - PYMNTS

DigitalOcean Holdings, Inc. (DOCN) Q3 2024 Earnings Call Transcript

DigitalOcean Holdings, Inc. (NYSE:DOCN) Q3 2024 Earnings Conference Call November 4, 2024 8:00 AM ET Company Participants Melanie Strate - Head, Investor Relations Paddy Srinivasan - Chief Executive ...

2 months ago - Seeking Alpha

DigitalOcean Announces Third Quarter 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud, today announced results for its third quarter ended September 30, 2024. “We had a successful quarter, ...

2 months ago - Business Wire

DigitalOcean Launches Strategic Partnership with Hugging Face

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud, today announced a strategic partnership with Hugging Face, the leading open-source and open science pl...

2 months ago - Business Wire

DigitalOcean Announces Date of Third Quarter 2024 Earnings Conference Call

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud, announced today that it will report financial results for the third quarter ended September 30, 2024 b...

2 months ago - Business Wire

Cloud Growth and AI: DigitalOcean's Winning Formula Explained

DigitalOcean Holdings Inc. DOCN is a cloud infrastructure on-demand provider that enables enterprises and developers to construct, develop, deploy, and scale applications in an affordable and scalable...

2 months ago - Benzinga

DigitalOcean Simplifies AI Infrastructure Deployment with New Flexible GPU Droplets, Powered by NVIDIA H100

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud, today announced general availability of easy-to-deploy advanced AI infrastructure, available in a pay-...

3 months ago - Business Wire

Undercovered Stock Picks From September 6-12: Lithium, Uranium, Gold, & Plastic

The 'Undercovered' Dozen series highlights 12 undercovered stocks, providing investment ideas and sparking community discussion on their potential. Zach Bristow argues that Sylvamo Corporation offers ...

3 months ago - Seeking Alpha

DigitalOcean: Let Us Wait For A Powerful Catalyst To Break Resistance

DigitalOcean's financial performance is consistently improving, making it a strong long-term play for growth investors despite current stock price resistance at $40. The company's scalable business mo...

4 months ago - Seeking Alpha

DigitalOcean Announces Enhanced Role-Based Access Control to Streamline Company and Security Operations

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, today announced updates to its role-based access control...

4 months ago - Business Wire

DigitalOcean Holdings, Inc. (DOCN) Q2 2024 Earnings Call Transcript

DigitalOcean Holdings, Inc. (NYSE:DOCN) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Melanie Strate - Head of IR Paddy Srinivasan - CEO Matt Steinfort - CFO Confere...

5 months ago - Seeking Alpha

DigitalOcean Announces Second Quarter 2024 Financial Results

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, today announced results for its second quarter ended ...

5 months ago - Business Wire

DigitalOcean Hires Larry D'Angelo as Chief Revenue Officer

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, is pleased to announce the appointment of Larry D'Angelo...

5 months ago - Business Wire

DigitalOcean Announces Date of Second Quarter 2024 Earnings Conference Call

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, announced today that it will report financial results fo...

6 months ago - Business Wire

DigitalOcean Hires Wade Wegner as Chief Ecosystem and Growth Officer

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, announced today that Wade Wegner joined the company a...

6 months ago - Business Wire

DigitalOcean Appoints Bratin Saha as Chief Product and Technology Officer

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, today announced Bratin Saha has joined the company as...

7 months ago - Business Wire

LinkDaddy Announces Partnership With DigitalOcean For Cloud Authority Backlinks

LinkDaddy - a US company specializing in backlink SEO services for businesses - announces an expansion of its partnership with DigitalOcean. Miami, Florida--(Newsfile Corp. - June 5, 2024) - The lates...

7 months ago - Newsfile Corp

DigitalOcean Invites Developers, Startups, and Founders to Attend its Next Deploy Virtual Conference

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, today announced it will hold its next Deploy virtual ...

7 months ago - Business Wire

DigitalOcean Reimagines App Platform, Paving the Way for Effortless Application Development and Scaling

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, today announced the next evolution of App Platform, a...

8 months ago - Business Wire

DigitalOcean Holdings, Inc. (DOCN) Q1 2024 Earnings Call Transcript

DigitalOcean Holdings, Inc. (NYSE:DOCN) Q1 2024 Earnings Call Transcript May 10, 2024 8:00 AM ET Company Participants Rob Bradley - VP of IR Paddy Srinivasan - CEO Matt Steinfort - CFO Conference Cal...

8 months ago - Seeking Alpha