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S&P 500   5,088.80
DOW   39,131.53
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Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
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West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
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Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
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West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
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Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
AI Stock Caught Trading Under Secret Name (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
AI Stock Caught Trading Under Secret Name (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
NASDAQ:DOCN

DigitalOcean (DOCN) Stock Price, News & Analysis

$37.51
-1.45 (-3.72%)
(As of 02/23/2024 ET)
Today's Range
$37.15
$39.58
50-Day Range
$32.64
$40.88
52-Week Range
$19.39
$51.69
Volume
1.44 million shs
Average Volume
1.25 million shs
Market Capitalization
$3.41 billion
P/E Ratio
3,754.75
Dividend Yield
N/A
Price Target
$37.60

DigitalOcean MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
0.2% Upside
$37.60 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.53mentions of DigitalOcean in the last 14 days
Based on 27 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
60.98%
From $0.41 to $0.66 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.

0.61 out of 5 stars

Computer And Technology Sector

547th out of 585 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

51st out of 58 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. 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 Stock Price History

DOCN Stock News Headlines

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DigitalOcean (NASDAQ:DOCN) Price Target Raised to $38.00
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Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
DigitalOcean (NYSE:DOCN) Surprises With Q4 Sales
DigitalOcean Q4 2023 Earnings Preview
DigitalOcean earnings: here's what Wall Street expects
DigitalOcean Holdings's Earnings Outlook
3 Millionaire-Maker Technology Stocks
Contrasting DigitalOcean (NASDAQ:DOCN) and Locafy (NASDAQ:LCFY)
See More Headlines
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Company Calendar

Last Earnings
5/09/2023
Today
2/25/2024
Next Earnings (Estimated)
5/14/2024
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
1,204
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
+0.2%
Consensus Rating
Hold
Rating Score (0-4)
2.45
Research Coverage
11 Analysts

Profitability

Net Income
$-27,800,000.00
Pretax Margin
3.86%

Debt

Sales & Book Value

Annual Sales
$692.88 million
Cash Flow
$2.11 per share
Book Value
($3.45) per share

Miscellaneous

Free Float
82,156,000
Market Cap
$3.41 billion
Optionable
Optionable
Beta
1.79
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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 year. 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 analysts have issued 12 month price objectives for DigitalOcean's stock. Their DOCN share price targets range from $25.00 to $47.00. On average, they expect the company's stock price to reach $37.60 in the next twelve months. This suggests a possible upside of 0.2% 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 beginning of 2024. Since then, DOCN stock has increased by 2.2% and is now trading at $37.51.
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 Tuesday, May 14th 2024.
View our DOCN earnings forecast
.

How were DigitalOcean's earnings last quarter?

DigitalOcean Holdings, Inc. (NASDAQ:DOCN) announced its quarterly earnings data on Tuesday, May, 9th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by $0.01. The business had revenue of $165.13 million for the quarter, compared to analyst estimates of $164.13 million. DigitalOcean had a negative trailing twelve-month return on equity of 19.85% and a net margin of 0.12%. DigitalOcean's quarterly revenue was up 29.7% on a year-over-year basis. During the same period last year, the firm posted ($0.16) EPS.

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 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?

(DOCN) raised $751 million in an IPO 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 many different institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.01%), Wolf Hill Capital Management LP (2.75%), First Trust Advisors LP (1.99%), Mirae Asset Global Investments Co. Ltd. (1.05%), Principal Financial Group Inc. (1.00%) and Dimensional Fund Advisors LP (0.90%). 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, 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 2/25/2024 by MarketBeat.com Staff