DigitalOcean Holdings, Inc. (DOCN)
Market Cap | 3.83B |
Revenue (ttm) | 756.56M |
Net Income (ttm) | 82.17M |
Shares Out | 92.28M |
EPS (ttm) | 0.87 |
PE Ratio | 47.51 |
Forward PE | 24.30 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 25,407 |
Open | 41.87 |
Previous Close | 41.81 |
Day's Range | 41.51 - 42.09 |
52-Week Range | 26.63 - 44.80 |
Beta | 1.78 |
Analysts | Buy |
Price Target | 42.67 (+2.8%) |
Earnings Date | Feb 25, 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]
Financial Performance
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for DOCN stock is "Buy." The 12-month stock price forecast is $42.67, which is an increase of 2.80% from the latest price.
News
DigitalOcean Announces Date of Fourth Quarter 2024 Earnings Conference Call
NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud for growing tech companies, announced today that it will report financial results for the fourth quarte...
New AI-powered diagnostic solution from Cloudways helps resolve website issues up to 4x faster, today launches for Public Preview
NEW YORK--(BUSINESS WIRE)--Cloudways, part of DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud for growing tech companies, today announces the launch of Cloudways Copilot, a suite...
DigitalOcean Helps Customers Bolster Object Storage Security with Spaces Per-Bucket Access Keys
AUSTIN, Texas--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud for growing tech companies, today announced the general availability of Per-Bucket Access Keys for...
DigitalOcean Announces New Benefits for Hatch Startup Program
AUSTIN, Texas--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud for growing tech companies, today announced significant new benefits for select startups participa...
DigitalOcean Launches Advanced Generative AI Platform
AUSTIN, Texas--(BUSINESS WIRE)--Today, DigitalOcean (NYSE: DOCN), the simplest scalable cloud for growing tech companies, introduced its new GenAI Platform at the company's developer conference, Deplo...
DigitalOcean Welcomes Cloud & AI Developer Community to Deploy 2025 Conference
AUSTIN, Texas--(BUSINESS WIRE)--DigitalOcean, the simplest scalable cloud for growing tech companies, today kicked off its Deploy 25 customer conference in Austin, Texas bringing together the most pas...
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...
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...
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...
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...
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 ...
AI Spending Surge Drives Palantir, DigitalOcean Gains
Enterprise technology providers from Palantir to Lumen are riding an new wave of artificial intelligence (AI) adoption.
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 ...
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, ...
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...
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...
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...
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-...
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 ...
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...
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...
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...
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 ...
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...
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...