DigitalOcean Holdings, Inc. (DOCN)

NYSE: DOCN · IEX Real-Time Price · USD
38.18
-0.90 (-2.30%)
Mar 28, 2024, 4:00 PM EDT - Market closed
-2.30%
Market Cap 3.47B
Revenue (ttm) 692.88M
Net Income (ttm) 19.41M
Shares Out 90.80M
EPS (ttm) 0.20
PE Ratio 190.90
Forward PE 23.01
Dividend n/a
Ex-Dividend Date n/a
Volume 699,332
Open 39.03
Previous Close 39.08
Day's Range 38.16 - 39.64
52-Week Range 19.39 - 51.69
Beta 1.81
Analysts Buy
Price Target 38.30 (+0.31%)
Earnings Date May 7, 2024

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 11 analysts, the average rating for DOCN stock is "Buy." The 12-month stock price forecast is $38.3, which is an increase of 0.31% from the latest price.

Price Target
$38.3
(0.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Cloud software buyers are getting frugal, leading to slower growth at former highfliers

Companies that sell cloud software are contending with a more cautious spending environment from their existing customers.

9 days ago - CNBC

DigitalOcean Announces Fourth Quarter and Fiscal Year 2023 Financial Results

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

5 weeks ago - Business Wire

DigitalOcean Unveils Enhanced Data Backups to Strengthen Business Continuity

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

7 weeks ago - Business Wire

DigitalOcean's Cloudways Launches Autonomous to Ensure High Availability for Growing Business Websites

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, today announced the availability of Autonomous, Cloudway...

2 months ago - Business Wire

DigitalOcean Announces Date of Fourth Quarter 2023 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...

2 months ago - Business Wire

DigitalOcean Announces Availability of NVIDIA H100 GPUs on Paperspace Platform, Expanding Access to AI Compute for Startups and Growing Digital Businesses

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, today announced virtualized availability of NVIDIA H100 ...

2 months ago - Business Wire

DigitalOcean Appoints Paddy Srinivasan as Chief Executive Officer

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, today announced that the Company's Board of Directors ha...

2 months ago - Business Wire

AI Stock Buys Are C3.ai, Cloudflare, and DigitalOcean, Analyst Says

Oppenheimer analyst Timothy Horan upgraded shares of C3.ai, Cloudflare, and DigitalOcean to Outperform from Perform.

Other symbols: AINET
4 months ago - Barrons

RackWare Now Supports DigitalOcean for Integrated Assessment, Migration and Disaster Recovery

SAN JOSE, Calif.--(BUSINESS WIRE)--RackWare, a leading innovator in hybrid cloud management solutions, today announced full support for DigitalOcean's cloud platform. The RackWare Management Module (R...

4 months ago - Business Wire

FINAL DEADLINE TODAY: The Schall Law Firm Encourages Investors in DigitalOcean Holdings, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against DigitalOcean Holdings, Inc. (...

4 months ago - Accesswire

SHAREHOLDER ALERT: The Law Offices of Vincent Wong Remind DigitalOcean Investors of a Lead Plaintiff Deadline of November 13, 2023

NEW YORK , Nov. 13, 2023 /PRNewswire/ -- Attention DigitalOcean Holdings, Inc. ("DigitalOcean") (NYSE: DOCN) shareholders: The Law Offices of Vincent Wong announce that a class action lawsuit has comm...

4 months ago - PRNewsWire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of DigitalOcean Holdings, Inc. - DOCN

NEW YORK , Nov. 11, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of DigitalOcean Holdings, Inc. ("DigitalOcean" or the "Company") (NYSE: DOCN). Such investors are ...

4 months ago - PRNewsWire

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against DigitalOcean Holdings, Inc. (DOCN)

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming November 13, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of inves...

4 months ago - Business Wire

FINAL DEADLINE MONDAY: The Schall Law Firm Encourages Investors in DigitalOcean Holdings, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 10, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against DigitalOcean Holdings, Inc. (...

4 months ago - Accesswire

DOCN Investors Have Opportunity to Lead DigitalOcean Holdings, Inc. Securities Fraud Lawsuit

LOS ANGELES , Nov. 9, 2023 /PRNewswire/ -- The Law Offices of Frank R. Cruz announces that investors with substantial losses have opportunity to lead the securities fraud class action lawsuit against ...

5 months ago - PRNewsWire

DigitalOcean Currents Report Finds That Adoption of AI/ML, and Investments in Cybersecurity and Multi-cloud Strategies Are On The Rise at Small Businesses

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for small-to-medium businesses (SMBs) and startups, today announced the findings of its bi-annual Currents report, which ...

5 months ago - Business Wire

SHAREHOLDER ALERT: Levi & Korsinsky Notifies DigitalOcean Holdings, Inc.(DOCN) Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK , Nov. 9, 2023 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in DigitalOcean Holdings, Inc. ("DigitalOcean" or the "Company") (NYSE: DOCN) of a class action securities lawsuit. CLA...

5 months ago - PRNewsWire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in DigitalOcean Holdings, Inc. with Losses of $500,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 9, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against DigitalOcean Holdings, Inc. ("...

5 months ago - Accesswire

SHAREHOLDER ACTION ALERT: The Schall Law Firm Encourages Investors in DigitalOcean Holdings, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 7, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against DigitalOcean Holdings, Inc. ("...

5 months ago - Accesswire

SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of DigitalOcean Holdings, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of November 13, 2023 - (NYSE: DOCN)

NEW YORK , Nov. 7, 2023 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of DigitalOcean Holdings, Inc.. Shareholders who purchased shares of DOCN during the class period...

5 months ago - PRNewsWire

FINAL DEADLINE IMMINENT: The Schall Law Firm Encourages Investors in DigitalOcean Holdings, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 7, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against DigitalOcean Holdings, Inc. ("...

5 months ago - Accesswire

DIGITALOCEAN SHAREHOLDER ALERT

Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In DigitalOcean To Contact Him Directly To Discuss Their Options If you purchased or acquired securities in D...

5 months ago - PRNewsWire

DigitalOcean Announces Third Quarter 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for startups and SMBs, today announced results for its third quarter ended September 30, 2023. “We are encouraged by the ...

5 months ago - Business Wire

INVESTOR ACTION ALERT: The Schall Law Firm Encourages Investors in DigitalOcean Holdings, Inc. with Losses of $100,000 to Contact the Firm

LOS ANGELES, CA / ACCESSWIRE / November 2, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against DigitalOcean Holdings, Inc. ("...

5 months ago - Accesswire

ROSEN, A LONGSTANDING LAW FIRM, Encourages DigitalOcean Holdings, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - DOCN

NEW YORK , Nov. 1, 2023 /PRNewswire/ --  WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DigitalOcean Holdings, Inc. (NYSE: DOCN) between February 16, 2023 ...

5 months ago - PRNewsWire