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A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
This Stock Could Go Up 66% or More. (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Options Trading Plan–Perfect For Beginners (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
This Stock Could Go Up 66% or More. (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Options Trading Plan–Perfect For Beginners (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
This Stock Could Go Up 66% or More. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
This Stock Could Go Up 66% or More. (Ad)
Canadian autoworkers ratify new labor agreement with Ford
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Options Trading Plan–Perfect For Beginners (Ad)
A coal mine fire in southern China's Guizhou province kills 16 people

DigitalOcean (DOCN) Stock Forecast, Price & News

$24.22
+0.26 (+1.09%)
(As of 09/22/2023 ET)
Compare
Today's Range
$23.83
$24.65
50-Day Range
$23.90
$49.84
52-Week Range
$23.38
$51.69
Volume
1.23 million shs
Average Volume
2.16 million shs
Market Capitalization
$2.15 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
81.0% Upside
$43.83 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.54mentions of DigitalOcean in the last 14 days
Based on 13 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.

2.16 out of 5 stars

Computer And Technology Sector

349th out of 586 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

28th out of 60 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

DigitalOcean Investor Deadline Approaching
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
Buy This Stock for AI Tidal Wave (not NVDA)
The internet boom made more millionaires than any tech  - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.
AppLovin (NYSE:APP) & DigitalOcean (NASDAQ:DOCN) Critical Analysis
DigitalOcean Shareholder Action Reminder
Oil Stock Straddle Yields Profits Before Crude Prices Soar
See More Headlines
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DOCN Company Calendar

Last Earnings
8/11/2023
Today
9/24/2023
Next Earnings (Estimated)
11/06/2023
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
+81.0%
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
$0.99 per share
Book Value
$0.49 per share

Miscellaneous

Free Float
84,868,000
Market Cap
$2.15 billion
Optionable
Not Optionable
Beta
1.35
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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 equities research analysts have issued 12-month price objectives for DigitalOcean's shares. Their DOCN share price forecasts range from $25.00 to $103.00. On average, they anticipate the company's stock price to reach $43.83 in the next twelve months. This suggests a possible upside of 81.0% 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 beginning of 2023. Since then, DOCN stock has decreased by 4.9% and is now trading at $24.22.
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 Monday, November 6th 2023.
View our DOCN earnings forecast
.

How were DigitalOcean's earnings last quarter?

DigitalOcean Holdings, Inc. (NASDAQ:DOCN) released its earnings results on Friday, August, 11th. The company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The company 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 updated its FY 2023 earnings guidance on Friday, September, 22nd. The company provided earnings per share 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."

Who are DigitalOcean's major shareholders?

DigitalOcean's stock is owned by many different retail and institutional investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (27.95%), Alliancebernstein L.P. (3.85%), Geode Capital Management LLC (1.31%), Allspring Global Investments Holdings LLC (1.30%), Van Berkom & Associates Inc. (1.29%) and Principal Financial Group Inc. (0.98%). 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, Warren Jenson 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 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 $24.22.

How much money does DigitalOcean make?

DigitalOcean (NASDAQ:DOCN) has a market capitalization of $2.15 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 9/24/2023 by MarketBeat.com Staff

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