DigitalOcean (NYSE:DOCN) Issues FY 2025 Earnings Guidance

DigitalOcean (NYSE:DOCN - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.850-1.950 for the period, compared to the consensus EPS estimate of 1.910. The company issued revenue guidance of $870.0 million-$890.0 million, compared to the consensus revenue estimate of $883.8 million. DigitalOcean also updated its Q1 2025 guidance to 0.410-0.460 EPS.

DigitalOcean Trading Down 4.1 %

Shares of DOCN stock traded down $1.13 during midday trading on Monday, reaching $26.25. 287,466 shares of the stock were exchanged, compared to its average volume of 1,294,957. DigitalOcean has a 1 year low of $25.45 and a 1 year high of $47.02. The firm has a market cap of $2.41 billion, a PE ratio of 30.88, a price-to-earnings-growth ratio of 3.12 and a beta of 1.87. The company's 50 day moving average is $36.12 and its two-hundred day moving average is $37.93.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DOCN. Canaccord Genuity Group reduced their target price on shares of DigitalOcean from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, April 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of DigitalOcean in a research note on Monday, April 7th. Morgan Stanley dropped their price target on DigitalOcean from $52.00 to $41.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Cantor Fitzgerald raised their price objective on DigitalOcean from $39.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, JMP Securities increased their target price on DigitalOcean from $47.00 to $55.00 and gave the stock a "market outperform" rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $41.27.

Insider Activity at DigitalOcean

In other DigitalOcean news, insider Bratin Saha sold 3,948 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $36.63, for a total value of $144,615.24. Following the transaction, the insider now directly owns 358,696 shares in the company, valued at approximately $13,139,034.48. This trade represents a 1.09 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.74% of the stock is owned by insiders.

About DigitalOcean

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).