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NASDAQ:DOCN

DigitalOcean (DOCN) Stock Price, News & Analysis

$32.18
-0.10 (-0.31%)
(As of 07/26/2024 ET)
Today's Range
$31.65
$32.81
50-Day Range
$30.97
$38.80
52-Week Range
$19.39
$49.60
Volume
693,898 shs
Average Volume
1.22 million shs
Market Capitalization
$2.93 billion
P/E Ratio
60.72
Dividend Yield
N/A
Price Target
$37.60

DigitalOcean MarketRank™ Stock Analysis

Analyst Rating
Hold
2.36 Rating Score
Upside/​Downside
16.8% Upside
$37.60 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.25mentions of DigitalOcean in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$195,541 Sold Last Quarter
Proj. Earnings Growth
3.85%
From $0.78 to $0.81 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.

2.55 out of 5 stars

Computer And Technology Sector

384th out of 612 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

35th out of 60 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

7 Tech Stocks on the Cusp of Groundbreaking Developments
DOCN Jul 2025 45.000 put
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
DOCN Jan 2025 25.000 call
DOCN Aug 2024 45.000 put
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
2 Beaten-Down Stocks to Buy Right Now
DigitalOcean: Outlook Is Too Cloudy
2 Stocks to Buy Before They Take Off
See More Headlines
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Company Calendar

Last Earnings
5/10/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Computer programming, data processing, & other computer related
Sub-Industry
Computer Software
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
+16.8%
Consensus Rating
Hold
Rating Score (0-4)
2.36
Research Coverage
11 Analysts

Profitability

Net Income
$19.41 million
Pretax Margin
9.67%

Debt

Sales & Book Value

Annual Sales
$712.48 million
Cash Flow
$2.28 per share
Book Value
($3.65) per share

Miscellaneous

Free Float
90,417,000
Market Cap
$2.93 billion
Optionable
Optionable
Beta
1.81
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DOCN Stock Analysis - Frequently Asked Questions

How have DOCN shares performed this year?

DigitalOcean's stock was trading at $36.69 at the beginning of 2024. Since then, DOCN stock has decreased by 12.3% and is now trading at $32.18.
View the best growth stocks for 2024 here
.

How were DigitalOcean's earnings last quarter?

DigitalOcean Holdings, Inc. (NASDAQ:DOCN) issued its earnings results on Friday, May, 10th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.06. The firm had revenue of $184.73 million for the quarter, compared to analyst estimates of $182.70 million. DigitalOcean had a net margin of 7.01% and a negative trailing twelve-month return on equity of 26.29%.

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 served as the underwriters for the IPO.

Who are DigitalOcean's major shareholders?

Top institutional shareholders of DigitalOcean include Bank of New York Mellon Corp (0.84%), LA Financiere DE L Echiquier (0.32%), Allspring Global Investments Holdings LLC (0.06%) and Louisiana State Employees Retirement System (0.03%). Insiders that own company stock include Yancey L Spruill, Megan Wood, Alan Shapiro, Harold Matthew Norman, Jeffrey Scott Guy, Gabriel Monroy, Carly D Brantz, Amy Butte, Warren Jenson, Ah Capital Management, LLC and William G Sorenson.
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 7/26/2024 by MarketBeat.com Staff

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