S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
S&P 500   5,123.41
DOW   37,983.24
QQQ   438.27
Israel hails 'success' in blocking Iran's unprecedented attack. Biden now seeks diplomatic response
Germany's Scholz arrives in China on a visit marked by trade tensions and Ukraine conflict
Diplomat tapped as Latvia's new foreign minister as incumbent quits following flights scandal
India's Modi vows to boost social spending, make country into a manufacturing hub ahead of election
Can homeless people be fined for sleeping outside? A rural Oregon city asks the US Supreme Court
The craze for Masters gnomes is growing. Little golf-centric statue is now a coveted collector item
Olympic track uniforms spark online debate about who designed them and why they're so skimpy
NASDAQ:DOCN

DigitalOcean (DOCN) Stock Price, News & Analysis

$35.11
-1.37 (-3.76%)
(As of 04/12/2024 ET)
Today's Range
$34.72
$36.18
50-Day Range
$34.37
$40.88
52-Week Range
$19.39
$51.69
Volume
686,461 shs
Average Volume
777,766 shs
Market Capitalization
$3.19 billion
P/E Ratio
3,514.51
Dividend Yield
N/A
Price Target
$36.78

DigitalOcean MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
4.8% Upside
$36.78 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.69mentions of DigitalOcean in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.39%
From $0.77 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.

0.20 out of 5 stars

Computer And Technology Sector

581st out of 594 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

56th out of 61 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. 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 platform-as-a-service (PaaS) solutions, such as managed databases; managed Kubernetes and container registry; application platform to build, deploy, and scale applications; Functions, a serverless compute solution; and Uptime for real-time uptime and latency alerts, as well as software-as-a-service (SaaS), including managed hosting and DigitalOcean Marketplace, a platform where developers can find pre-configured applications and solutions. In addition, it offers artificial intelligence (AI)/machine learning (ML) applications comprising GPU virtual machines for scaling AI applications; Notebooks, a simple cloud workspace that runs on GPUs that provides a managed interactive development environment for exploring data, and training and building machine learning models; and Deployments for deploying their machine learning model as an API endpoint. The company's customers include software engineers, researchers, data scientists, system administrators, students, and hobbyists. Its 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 AI/ML applications. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.

DOCN Stock Price History

DOCN Stock News Headlines

Reviewing DigitalOcean (NASDAQ:DOCN) & PodcastOne (NASDAQ:PODC)
The market feels bullish again
Before you dump another dollar into another stock… I’d love to show you what’s happening with the Master Indicator. Within the last week, it’s been blowing up with buy signals… It hasn’t been limited to any particular sector either… We’ve seen it in energy…. We’ve seen it in Tech… And we’ve seen it in Consumer Discretionary… And right now I’m expecting to see a lot more of these buy signals in the weeks ahead.
Smart Money Is Betting Big In DOCN Options
The market feels bullish again
Before you dump another dollar into another stock… I’d love to show you what’s happening with the Master Indicator. Within the last week, it’s been blowing up with buy signals… It hasn’t been limited to any particular sector either… We’ve seen it in energy…. We’ve seen it in Tech… And we’ve seen it in Consumer Discretionary… And right now I’m expecting to see a lot more of these buy signals in the weeks ahead.
2 Stocks More Magnificent Than Amazon
DOCN Apr 2024 42.500 call
Analysts’ Top Technology Picks: Microsoft (MSFT), JFrog (FROG)
DigitalOcean Holdings Inc (DOCN)
1 Small-Cap AI Stock That Could Win Big
See More Headlines
Receive DOCN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for DigitalOcean and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/21/2024
Today
4/14/2024
Next Earnings (Confirmed)
5/10/2024
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
$36.78
High Stock Price Target
$47.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+4.8%
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
$2.11 per share
Book Value
($3.65) per share

Miscellaneous

Free Float
86,729,000
Market Cap
$3.19 billion
Optionable
Optionable
Beta
1.80
10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

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 twelve months. 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 Wall Street research analysts have issued twelve-month price objectives 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 $36.78 in the next year. This suggests a possible upside of 4.8% 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 2024?

DigitalOcean's stock was trading at $36.69 at the start of the year. Since then, DOCN shares have decreased by 4.3% and is now trading at $35.11.
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 Friday, May 10th 2024.
View our DOCN earnings forecast
.

How can I listen to DigitalOcean's earnings call?

DigitalOcean will be holding an earnings conference call on Friday, May 10th at 8:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were DigitalOcean's earnings last quarter?

DigitalOcean Holdings, Inc. (NASDAQ:DOCN) released its earnings results on Wednesday, February, 21st. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.23. The firm earned $180.87 million during the quarter, compared to analysts' expectations of $178.26 million. DigitalOcean had a negative trailing twelve-month return on equity of 19.85% and a net margin of 0.12%.

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

DigitalOcean updated 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?

DigitalOcean (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 institutional and retail investors. Top institutional investors include Paragon Capital Management Ltd (0.41%), Los Angeles Capital Management LLC (0.05%) and Single Point Partners LLC (0.01%). Insiders that own company stock include 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 4/14/2024 by MarketBeat.com Staff

From Our Partners