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S&P 500   3,948.72
DOW   32,105.25
QQQ   309.75
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Forbes mag says this strategy "like finding money in the street" (Ad)pixel
3 Leading Dividend Stocks Expected To Grow Earnings
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Modern Day Options Trading For Beginners! (Ad)pixel
KB Home Strong Results Lift Prices
Carvana May Be Able To Reach Profitability This Year
S&P 500   3,948.72
DOW   32,105.25
QQQ   309.75
Why Wall Street Loves These 3 Penny Stocks
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
3 Leading Dividend Stocks Expected To Grow Earnings
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Closing prices for crude oil, gold and other commodities
Low Volume Bunge Plunge Presents an Opportunity
Modern Day Options Trading For Beginners! (Ad)pixel
KB Home Strong Results Lift Prices
Carvana May Be Able To Reach Profitability This Year
S&P 500   3,948.72
DOW   32,105.25
QQQ   309.75
Why Wall Street Loves These 3 Penny Stocks
Forbes mag says this strategy "like finding money in the street" (Ad)pixel
3 Leading Dividend Stocks Expected To Grow Earnings
Chewy Stock Is Setting Up For Long-Term Profitable Growth 
Modern Day Options Trading For Beginners! (Ad)pixel
Closing prices for crude oil, gold and other commodities
Low Volume Bunge Plunge Presents an Opportunity
Modern Day Options Trading For Beginners! (Ad)pixel
KB Home Strong Results Lift Prices
Carvana May Be Able To Reach Profitability This Year
NASDAQ:DOCN

DigitalOcean - DOCN Stock Forecast, Price & News

$35.49
+1.01 (+2.93%)
(As of 03/23/2023 12:00 AM ET)
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Compare
Today's Range
$34.82
$36.04
50-Day Range
$26.45
$36.80
52-Week Range
$23.38
$63.17
Volume
1.71 million shs
Average Volume
1.56 million shs
Market Capitalization
$3.44 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$40.38

DigitalOcean MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
13.8% Upside
$40.38 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.08mentions of DigitalOcean in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$6.14 M Sold Last Quarter
Proj. Earnings Growth
34.69%
From $0.49 to $0.66 Per Share

Overall MarketRank

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

2.14 out of 5 stars

Computer And Technology Sector

340th out of 604 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

29th out of 63 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.

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DOCN Stock News Headlines

Bank Accounts: Frozen!
In 1990, the Brazilian government froze the bank accounts of thousands of citizens. In 2013, the victims were the people of Cyprus. In 2022, it hit closer to home — in Canada. And now the Federal Reserve System Docket No. OP-1670 reveals the plan to give the Fed the power to track and potentially even control your checking account. Not just the money you have in your account … But also, every single check, withdrawal, deposit and transaction. Practically everything you do with your money!
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
The Stock That Is Down 77% but Has an Ocean of Opportunity
DigitalOcean Names Aaqib Gadit Chief Revenue Officer
1 Big Risk for DigitalOcean Stock
Is DigitalOcean Stock a Buy Now?
DigitalOcean Names Matt Steinfort Chief Financial Officer
DigitalOcean Announces New Data Center in Sydney
DigitalOcean Wants to Double Data Storage Sales
See More Headlines
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DOCN Company Calendar

Last Earnings
2/16/2023
Today
3/23/2023
Next Earnings (Estimated)
5/03/2023
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
$40.38
High Stock Price Forecast
$63.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+13.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
12 Analysts

Profitability

Net Income
$-24,280,000.00
Pretax Margin
-4.24%

Debt

Sales & Book Value

Annual Sales
$576.32 million
Cash Flow
$1.01 per share
Book Value
$0.53 per share

Miscellaneous

Free Float
92,981,000
Market Cap
$3.44 billion
Optionable
Not Optionable
Beta
1.16

Key Executives

  • Mr. Yancey L. Spruill (Age 55)
    CEO & Director
    Comp: $1.3M
  • Mr. Alan ShapiroMr. Alan Shapiro (Age 54)
    Gen. Counsel & Sec.
    Comp: $664.54k
  • Mr. Gabriel Monroy (Age 43)
    Chief Product Officer
    Comp: $500.8k
  • Mr. William G. SorensonMr. William G. Sorenson (Age 67)
    Chief Financial Officer
  • Mr. Jeffrey Scott GuyMr. Jeffrey Scott Guy (Age 57)
    Chief Operating Officer
  • Ms. Adrienne E. Calderone CPA (Age 56)
    Sr. VP & Chief Accounting Officer
  • Mr. Rob Bradley IRC
    VP of Investor Relations
  • Ms. Carly BrantzMs. Carly Brantz (Age 44)
    Chief Marketing Officer
  • Mr. Matthew Norman (Age 50)
    Chief People Officer
  • Ms. Megan Wood
    Chief Strategy Officer













DOCN Stock - Frequently Asked Questions

Should I buy or sell DigitalOcean stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DigitalOcean in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities 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?

12 analysts have issued 1 year target prices for DigitalOcean's shares. Their DOCN share price forecasts range from $27.00 to $63.00. On average, they predict the company's stock price to reach $40.38 in the next twelve months. This suggests a possible upside of 13.8% 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 2023?

DigitalOcean's stock was trading at $25.47 at the beginning of 2023. Since then, DOCN shares have increased by 39.3% and is now trading at $35.49.
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 Wednesday, May 3rd 2023.
View our DOCN earnings forecast
.

How were DigitalOcean's earnings last quarter?

DigitalOcean Holdings, Inc. (NASDAQ:DOCN) announced its quarterly earnings results on Thursday, February, 16th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.19 by $0.09. The firm had revenue of $163 million for the quarter, compared to analyst estimates of $161.10 million. DigitalOcean had a negative trailing twelve-month return on equity of 2.36% and a negative net margin of 4.21%. The business's quarterly revenue was up 36.2% compared to the same quarter last year. During the same period last year, the business posted ($0.11) EPS.

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

DigitalOcean issued an update on its first quarter 2023 earnings guidance on Monday, February, 20th. The company provided earnings per share (EPS) guidance of $0.28-$0.29 for the period, compared to the consensus EPS estimate of $0.24. The company issued revenue guidance of $163.00 million-$165.00 million, compared to the consensus revenue estimate of $168.88 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 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 a variety of institutional and retail investors. Top institutional shareholders include Alliancebernstein L.P. (2.84%), First Trust Advisors LP (2.56%), Allspring Global Investments Holdings LLC (1.32%), Van Berkom & Associates Inc. (1.28%), Geode Capital Management LLC (1.20%) and Principal Financial Group Inc. (0.92%). 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 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 $35.49.

How much money does DigitalOcean make?

DigitalOcean (NASDAQ:DOCN) has a market capitalization of $3.44 billion and generates $576.32 million in revenue each year. The company earns $-24,280,000.00 in net income (profit) each year or ($0.23) 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 3/24/2023 by MarketBeat.com Staff