S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
NASDAQ:DOCN

DigitalOcean (DOCN) Stock Price, News & Analysis

$40.56
+1.44 (+3.68%)
(As of 03/18/2024 ET)
Today's Range
$38.34
$41.02
50-Day Range
$32.64
$40.88
52-Week Range
$19.39
$51.69
Volume
1.02 million shs
Average Volume
1.12 million shs
Market Capitalization
$3.68 billion
P/E Ratio
4,060.06
Dividend Yield
N/A
Price Target
$37.60

DigitalOcean MarketRank™ Stock Analysis

Analyst Rating
Hold
2.45 Rating Score
Upside/​Downside
7.3% Downside
$37.60 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.78mentions of DigitalOcean in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.88%
From $0.77 to $0.90 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.

0.73 out of 5 stars

Computer And Technology Sector

556th out of 602 stocks

Computer Programming, Data Processing, & Other Computer Related Industry

52nd out of 57 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

DOCN Apr 2024 42.500 call
The AI Bottleneck No One is Talking About
Renewable energy is growing at an impressive speed - but not fast enough. This could be one of the greatest periods for the nuclear industry ever.
Analysts’ Top Technology Picks: Microsoft (MSFT), JFrog (FROG)
AI Cracks Open Largest Untapped Energy Reserve on Earth
This orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… 
DigitalOcean Holdings Inc (DOCN)
1 Small-Cap AI Stock That Could Win Big
DigitalOcean Holdings Inc.
What To Expect From Snowflake’s (SNOW) Q4 Earnings
DigitalOcean (NYSE:DOCN) Surprises With Q4 Sales
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
3/18/2024
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
1,156
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
-7.3%
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
$2.28 per share
Book Value
($3.65) per share

Miscellaneous

Free Float
86,729,000
Market Cap
$3.68 billion
Optionable
Optionable
Beta
1.81
The 10 Best AI Stocks to Own in 2024 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report

DOCN Stock Analysis - Frequently Asked Questions

Should I buy or sell DigitalOcean stock right now?

11 Wall Street 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 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 12-month target prices 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 year. This suggests that the stock has a possible downside of 7.3%.
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 on January 1st, 2024. Since then, DOCN shares have increased by 10.5% and is now trading at $40.56.
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) posted its earnings results on Wednesday, February, 21st. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate 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 net margin of 0.12% and a negative trailing twelve-month return on equity of 19.85%.

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 (EPS) guidance of 0.370-0.390 for the period, compared to the consensus earnings per share 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 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 served as the underwriters for the IPO.

Who are DigitalOcean's major shareholders?

DigitalOcean's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.64%), 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%) and Principal Financial Group Inc. (1.00%). 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 3/19/2024 by MarketBeat.com Staff

From Our Partners