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S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
S&P 500   5,137.08
DOW   39,087.38
QQQ   445.61
Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
Critical asset just had biggest fall on record (Ad)
Sports analytics may be outnumbered when it comes to artificial intelligence
In Senegal's capital, Nicaragua is a hot ticket among travel agents as migrants try to reach US
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Norway's hospitalized king gets a pacemaker in Malaysia after falling ill during vacation
Head Start preschools aim to fight poverty, but their teachers struggle to make ends meet
Critical asset just had biggest fall on record (Ad)
What to watch for as China's major political meeting of the year gets underway
Chicago 'mansion' tax to fund homeless services stuck in legal limbo while on the ballot
NASDAQ:DOCN

DigitalOcean (DOCN) Stock Price, News & Analysis

$38.40
+0.48 (+1.27%)
(As of 03/1/2024 ET)
Today's Range
$37.30
$38.90
50-Day Range
$32.64
$40.88
52-Week Range
$19.39
$51.69
Volume
876,261 shs
Average Volume
1.37 million shs
Market Capitalization
$3.49 billion
P/E Ratio
3,843.84
Dividend Yield
N/A
Price Target
$37.60

DigitalOcean MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
2.1% Downside
$37.60 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.99mentions of DigitalOcean in the last 14 days
Based on 9 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
19.72%
From $0.71 to $0.85 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.79 out of 5 stars

Computer And Technology Sector

550th out of 599 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

47th out of 57 stocks


DOCN stock logo

About DigitalOcean Stock (NASDAQ: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, researchers, data scientists, system administrators, students, and hobbyists. The company's customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and others. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.

DOCN Stock Price History

DOCN Stock News Headlines

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Critical asset just had biggest fall on record
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DigitalOcean (NASDAQ:DOCN) Price Target Raised to $38.00
DigitalOcean (NYSE:DOCN) Surprises With Q4 Sales
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DigitalOcean earnings: here's what Wall Street expects
DigitalOcean Holdings's Earnings Outlook
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See More Headlines
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Company Calendar

Last Earnings
5/09/2023
Today
3/02/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:DOCN
Fax
N/A
Employees
1,156
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$37.60
High Stock Price Target
$47.00
Low Stock Price Target
$25.00
Potential Upside/Downside
-2.1%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$19.41 million
Pretax Margin
3.86%

Debt

Sales & Book Value

Annual Sales
$692.88 million
Cash Flow
$2.22 per share
Book Value
($3.45) per share

Miscellaneous

Free Float
86,729,000
Market Cap
$3.49 billion
Optionable
Optionable
Beta
1.81
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DOCN Stock Analysis - Frequently Asked Questions

Should I buy or sell DigitalOcean stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DigitalOcean in the last year. There are currently 1 sell rating, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DOCN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DOCN, but not buy additional shares or sell existing shares.
View DOCN analyst ratings
or view top-rated stocks.

What is DigitalOcean's stock price target for 2024?

11 brokers have issued 1 year price targets for DigitalOcean's shares. Their DOCN share price targets range from $25.00 to $47.00. On average, they anticipate the company's stock price to reach $37.60 in the next twelve months. This suggests that the stock has a possible downside of 2.1%.
View analysts price targets for DOCN
or view top-rated stocks among Wall Street analysts.

How have DOCN shares performed in 2024?

DigitalOcean's stock was trading at $36.69 at the beginning of the year. Since then, DOCN stock has increased by 4.7% and is now trading at $38.40.
View the best growth stocks for 2024 here
.

When is DigitalOcean's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our DOCN earnings forecast
.

How were DigitalOcean's earnings last quarter?

DigitalOcean Holdings, Inc. (NASDAQ:DOCN) released its quarterly earnings data on Tuesday, May, 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.01. The company earned $165.13 million during the quarter, compared to analyst estimates of $164.13 million. DigitalOcean had a net margin of 0.12% and a negative trailing twelve-month return on equity of 19.85%. The company's revenue was up 29.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) EPS.

What guidance has DigitalOcean issued on next quarter's earnings?

DigitalOcean issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of 0.370-0.390 for the period, compared to the consensus EPS estimate of 0.370. The company issued revenue guidance of $182.0 million-$183.0 million, compared to the consensus revenue estimate of $181.1 million.

When did DigitalOcean IPO?

(DOCN) raised $751 million in an initial public offering on Wednesday, March 24th 2021. The company issued 16,500,000 shares at $44.00-$47.00 per share. Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities, Barclays, Keybanc Capital Markets, Canaccord Genuity, JMP Securities and Stifel acted as the underwriters for the IPO.

Who are DigitalOcean's major shareholders?

DigitalOcean's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.01%), Wolf Hill Capital Management LP (2.75%), First Trust Advisors LP (1.99%), Mirae Asset Global Investments Co. Ltd. (1.05%), Principal Financial Group Inc. (1.00%) and Dimensional Fund Advisors LP (0.90%). Insiders that own company stock include Access Industries Holdings Llc, Ah Capital Management, LLC, Alan Shapiro, Amy Butte, Carly D Brantz, Gabriel Monroy, Harold Matthew Norman, Jeffrey Scott Guy, Megan Wood, Warren Jenson, William G Sorenson and Yancey L Spruill.
View institutional ownership trends
.

How do I buy shares of DigitalOcean?

Shares of DOCN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:DOCN) was last updated on 3/2/2024 by MarketBeat.com Staff