DigitalOcean Holdings, Inc. (DOCN)

NYSE: DOCN · IEX Real-Time Price · USD
43.37
-2.05 (-4.51%)
At close: Aug 19, 2022 4:00 PM
43.22
-0.15 (-0.35%)
After-hours: Aug 19, 2022 7:43 PM EDT
-4.51%
Market Cap 4.23B
Revenue (ttm) 492.30M
Net Income (ttm) -38.29M
Shares Out 97.49M
EPS (ttm) -0.32
PE Ratio n/a
Forward PE 58.48
Dividend n/a
Ex-Dividend Date n/a
Volume 1,514,425
Open 44.37
Previous Close 45.42
Day's Range 43.01 - 44.81
52-Week Range 30.05 - 133.40
Beta n/a
Analysts Buy
Price Target 56.38 (+30.0%)
Earnings Date Aug 8, 2022

About DOCN

DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. Its platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and medium size businesses. The company offers infrastructure solutions across compute, storage, and networking, as well as enables developers to extend the native capabilities of its cloud with fully managed application, container, and database offerings. Its users include software engineers, research... [Read more...]

Industry Software-Infrastructure
IPO Date Mar 24, 2021
Employees 786
Stock Exchange NYSE
Ticker Symbol DOCN
Full Company Profile

Financial Performance

In 2021, DOCN's revenue was $428.56 million, an increase of 34.61% compared to the previous year's $318.38 million. Losses were -$19.50 million, -55.24% less than in 2020.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for DOCN stock is "Buy." The 12-month stock price forecast is 56.38, which is an increase of 30.00% from the latest price.

Price Target
$56.38
(30.00% upside)
Analyst Consensus: Buy
Stock Forecasts

News

DigitalOcean says customer email addresses were exposed after latest Mailchimp breach

Cloud giant DigitalOcean says that some customers' email addresses were exposed because of a recent “security incident” at email marketing company Mailchimp.

Amazon, Alphabet, and Microsoft Are Great Buys -- But So Is This Growth Stock

The second quarter of 2022 was all about the cloud.

DigitalOcean (DOCN) Q2 Earnings Beat, Revenues Rise Y/Y

DigitalOcean's (DOCN) second-quarter 2022 results reflect the negative impacts of the Russia-Ukraine war and reduced expansion spend rate on the company's platform.

DigitalOcean Holdings, Inc. (DOCN) Q2 Earnings Surpass Estimates

DigitalOcean Holdings, Inc. (DOCN) delivered earnings and revenue surprises of 100% and 0.29%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

DigitalOcean Announces Second Quarter 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for developers, startups and SMBs, today announced results for its second quarter ended June 30, 2022. "We are taking a num...

DigitalOcean (DOCN) to Post Q2 Earnings: What's in Store?

DigitalOcean's (DOCN) second-quarter 2022 results are likely to reflect benefits from broadened product portfolio.

DigitalOcean Holdings, Inc. (DOCN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

DigitalOcean Holdings, Inc. (DOCN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

2 High-Conviction Growth Stocks to Buy Now

This may be a good time for long-term investors to pick up fundamentally strong stocks at attractive price levels.

Other symbols: OKTA

DigitalOcean Has a Brilliant Growth Strategy -- Here's What Investors Want to Know

A well-thought-out and shareholder-friendly strategy seems to be creating a sustainable path of growth for DigitalOcean.

Top 5 Technology Stocks Poised to Beat on Earnings

Five technology companies will report earnings results within the next couple of weeks. These are: WCC, AZPN, DOCN, FSLY and CAMT.

Other symbols: AZPNCAMTFSLYWCC

Prediction: These Growth Stocks Will Be Worth $10 Billion by 2030

Despite a tough year, history suggests the stock market will eventually return to growth, making it important to set long-term targets.

Other symbols: DUOL

2 Reasons Why DigitalOcean Should Be on Your Investing Radar

This promising cloud stock has a high upside, despite a recession on the horizon.

1 Unstoppable Stock With 127% Upside, According to Wall Street

When the stock market falls, it can pay to watch what the experts are predicting for a stock.

3 Things About DigitalOcean Stock That Smart Investors Know

DigitalOcean could stumble in the coming quarters, but there are a few reasons to be optimistic.

Why DigitalOcean Stock Was Underwater This Week

Increasingly bearish analyst sentiment sent the cloud computing stock plunging.

2 Oversold Cloud Stocks to Buy in the Nasdaq Bear Market

Market downturns are an ideal time to shop for stocks that aren't getting the positive attention they deserve.

Other symbols: AMZN

Why DigitalOcean Stock Sank on Monday

A bearish analyst's note sent the cloud-computing stock plunging.

Why Is DigitalOcean (DOCN) Stock Down 15% Today?

Investors in DigitalOcean and DOCN stock are singing the blues today. Shares of the software company are sinking approximately 15%.

3 Best Software Stocks to Buy in 2022 and Beyond

With strong margins, high growth, and recurring revenue, the software sector is still a great place for investors to explore.

Other symbols: ADBEBILL

It's Time to Load Up on These 2 Beaten-Down Cloud Stocks

Spending on the cloud services these companies provide is rising steadily.

Other symbols: VEEV

DigitalOcean Second Quarter 2022 Earnings Conference Call

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for developers, startups and SMBs, today announced that it will publish financial results for the second quarter 2022 follo...

3 Beaten-Down Growth Stocks to Buy Right Now

Investors shouldn't let these three businesses slip off their radar.

Other symbols: ETSYTEAM

Down 65%, Is This Cloud Provider a Screaming Buy?

This tiny cloud player has a unique niche and impressive results. The stock price is getting tough to ignore.

2 Reasons to Buy DigitalOcean Stock, and 1 Reason to Sell

The small cloud computing company keeps things simple and lean, but so do a multitude of competitors.

7 Growth Stocks to Buy for a Rich Retirement

A market sell-off in 2022 is another opportunity to load up on high-quality assets. Here are growth stocks to buy for a richer retirement.