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S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
Warren Buffett's company dumps another 5 million shares of printer maker HP
Would Buffett Approve of This Growth Strategy? (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
3 Reliable Growing Dividends Near Rock-Bottom Prices
Would Buffett Approve of This Growth Strategy? (Ad)
5 Short Squeeze Candidates With Catalysts For Rebounds
Stock market today: Wall Street futures inch higher as bond yields stabilize, oil prices slide
Would Buffett Approve of This Growth Strategy? (Ad)
Why Ralph Lauren Should Be On Your Holiday Wishlist
3 Reasons FedEx is the Grower and UPS the Slower
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
Warren Buffett's company dumps another 5 million shares of printer maker HP
Would Buffett Approve of This Growth Strategy? (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
3 Reliable Growing Dividends Near Rock-Bottom Prices
Would Buffett Approve of This Growth Strategy? (Ad)
5 Short Squeeze Candidates With Catalysts For Rebounds
Stock market today: Wall Street futures inch higher as bond yields stabilize, oil prices slide
Would Buffett Approve of This Growth Strategy? (Ad)
Why Ralph Lauren Should Be On Your Holiday Wishlist
3 Reasons FedEx is the Grower and UPS the Slower
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
Warren Buffett's company dumps another 5 million shares of printer maker HP
Would Buffett Approve of This Growth Strategy? (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
3 Reliable Growing Dividends Near Rock-Bottom Prices
Would Buffett Approve of This Growth Strategy? (Ad)
5 Short Squeeze Candidates With Catalysts For Rebounds
Stock market today: Wall Street futures inch higher as bond yields stabilize, oil prices slide
Would Buffett Approve of This Growth Strategy? (Ad)
Why Ralph Lauren Should Be On Your Holiday Wishlist
3 Reasons FedEx is the Grower and UPS the Slower

DigitalOcean (DOCN) Stock Forecast, Price & News

$23.05
+0.03 (+0.13%)
(As of 08:00 AM ET)
Compare
Today's Range
$23.05
$23.05
50-Day Range
$23.03
$49.53
52-Week Range
$22.81
$51.69
Volume
247 shs
Average Volume
1.65 million shs
Market Capitalization
$2.05 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$43.83

DigitalOcean MarketRank™ Forecast

Analyst Rating
Hold
2.15 Rating Score
Upside/​Downside
90.3% Upside
$43.83 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.76mentions of DigitalOcean in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$1.33 M Sold Last Quarter
Proj. Earnings Growth
-4.00%
From $0.50 to $0.48 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.17 out of 5 stars

Computer And Technology Sector

380th out of 595 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

27th out of 57 stocks


DOCN stock logo

About DigitalOcean (NASDAQ:DOCN) Stock

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 Price History

DOCN Stock News Headlines

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Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
DigitalOcean (DOCN) Empowers Startups With Managed Kafka
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
DigitalOcean Launches Managed Kafka Offering
DigitalOcean Investor Deadline Approaching
DigitalOcean Shareholder Action Reminder
See More Headlines
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DOCN Company Calendar

Last Earnings
8/11/2023
Today
10/04/2023
Next Earnings (Confirmed)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
N/A
Current Symbol
NASDAQ:DOCN
Fax
N/A
Employees
1,204
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$43.83
High Stock Price Forecast
$103.00
Low Stock Price Forecast
$25.00
Forecasted Upside/Downside
+90.3%
Consensus Rating
Hold
Rating Score (0-4)
2.15
Research Coverage
13 Analysts

Profitability

Net Income
$-27,800,000.00
Pretax Margin
-3.78%

Debt

Sales & Book Value

Annual Sales
$576.32 million
Cash Flow
$0.95 per share
Book Value
$0.49 per share

Miscellaneous

Free Float
84,868,000
Market Cap
$2.05 billion
Optionable
Not Optionable
Beta
1.38
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Key Executives

  • Mr. Warren J. Adelman (Age 59)
    Exec. Chairman
  • Mr. Yancey L. Spruill (Age 55)
    CEO & Director
    Comp: $797.18k
  • Mr. Jeffrey Scott GuyMr. Jeffrey Scott Guy (Age 56)
    Chief Operating Officer
    Comp: $615.13k
  • Mr. Matthew Steinfort (Age 53)
    Chief Financial Officer
  • Mr. Rob Bradley IRC
    VP of Investor Relations
  • Mr. Alan ShapiroMr. Alan Shapiro (Age 54)
    Gen. Counsel & Sec.
  • Mr. Matthew Norman (Age 50)
    Chief People Officer
  • Ms. Megan Wood (Age 39)
    Chief Strategy Officer
  • Mr. Aaqib Gadit (Age 36)
    Chief Revenue Officer













DOCN Stock - Frequently Asked Questions

Should I buy or sell DigitalOcean stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for DigitalOcean in the last twelve months. There are currently 3 sell ratings, 5 hold ratings and 5 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 forecast for 2023?

13 Wall Street research analysts have issued 1 year target prices for DigitalOcean's shares. Their DOCN share price forecasts range from $25.00 to $103.00. On average, they predict the company's stock price to reach $43.83 in the next twelve months. This suggests a possible upside of 90.3% from the stock's current price.
View analysts price targets for DOCN
or view top-rated stocks among Wall Street analysts.

How have DOCN shares performed in 2023?

DigitalOcean's stock was trading at $25.47 at the start of the year. Since then, DOCN shares have decreased by 9.6% and is now trading at $23.03.
View the best growth stocks for 2023 here
.

When is DigitalOcean's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our DOCN earnings forecast
.

How can I listen to DigitalOcean's earnings call?

DigitalOcean will be holding an earnings conference call on Thursday, November 2nd at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 800-770-2030 with passcode "7741047".

How were DigitalOcean's earnings last quarter?

DigitalOcean Holdings, Inc. (NASDAQ:DOCN) posted its quarterly earnings results on Friday, August, 11th. The company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $169.81 million for the quarter, compared to the consensus estimate of $169.75 million. DigitalOcean had a negative net margin of 5.27% and a negative trailing twelve-month return on equity of 32.38%.

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

DigitalOcean issued an update on its FY 2023 earnings guidance on Friday, September, 22nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $680.00 million-$685.00 million, compared to the consensus revenue estimate of $683.61 million.

When did DigitalOcean IPO?

(DOCN) raised $751 million in an initial public offering (IPO) on Wednesday, March 24th 2021. The company issued 16,500,000 shares at a price of $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.

What is DigitalOcean's stock symbol?

DigitalOcean trades on the NASDAQ under the ticker symbol "DOCN."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is DigitalOcean's stock price today?

One share of DOCN stock can currently be purchased for approximately $23.03.

How much money does DigitalOcean make?

DigitalOcean (NASDAQ:DOCN) has a market capitalization of $2.05 billion and generates $576.32 million in revenue each year. The company earns $-27,800,000.00 in net income (profit) each year or ($0.36) on an earnings per share basis.

How many employees does DigitalOcean have?

The company employs 1,204 workers across the globe.

How can I contact DigitalOcean?

DigitalOcean's mailing address is 101 AVENUE OF THE AMERICAS 10TH FLOOR, NEW YORK NY, 10013. The official website for the company is www.digitalocean.com. The company can be reached via phone at 646-827-4366 or via email at investors@digitalocean.com.

This page (NASDAQ:DOCN) was last updated on 10/4/2023 by MarketBeat.com Staff

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