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DigitalOcean Holdings (DOCN)
NYSE:DOCN
Holding DOCN?
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DOCN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$26.10 - $44.80
Previous Close$38.35
Volume690.02K
Average Volume (3M)1.18M
Market Cap
$3.38B
Enterprise Value$4.72B
Total Cash (Recent Filing)$439.87M
Total Debt (Recent Filing)$1.63B
Price to Earnings (P/E)45.2
Beta2.13
Next Earnings
Feb 20, 2025EPS Estimate
$0.34Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.85
Shares Outstanding92,282,286
10 Day Avg. Volume1,496,811
30 Day Avg. Volume1,184,143
Standard Deviation0.19
R-Squared0.22
Alpha-0.00122
Financial Highlights & Ratios
Price to Book (P/B)-16.75
Price to Sales (P/S)4.64
Price to Cash Flow (P/CF)12.00
P/FCF Ratio64.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.24
Enterprise Value/Gross Profit11.55
Enterprise Value/Ebitda27.49
Forecast
1Y Price Target
$41.38Price Target Upside13.12% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
DigitalOcean Holdings News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceDigitalOcean reported F3Q24 revenue of $198mn, EPS of $0.52 and adj. EBITDA of $87mn, above the high end of prior guide.
Growth StrategyA new partnership with open-source AI/ML platform Hugging Face will make it easier for more than 1.2 million Hugging Face users to discover and use the DigitalOcean platform.
Product And InnovationDigitalOcean continues to innovate as the company released 42 new product features in 3Q alone, almost double what was released in 2Q.
Bears Say
Acquisition ConcernsConcerns have emerged about the acquisition of Paperspace potentially diluting the core business, amidst mixed investor reactions and questions on differentiation in the competitive AI compute space.
Financial PerformanceA stark decline in EBITDA margins suggested by the Q4 guidance hints at potential weaknesses in the profitability that investors have come to expect from DigitalOcean.
Growth And RevenueBears highlight the drop in Net New Annual Recurring Revenue to $17 million from $32 million in Q2, with decelerating growth and weaker than expected ARR affecting sentiment negatively.
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Ownership Overview
8.38% Insiders
15.63% Mutual Funds
9.34% Other Institutional Investors
45.64% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by DigitalOcean Holdings
Desktop Users
Mobile Users
DOCN FAQ
What was DigitalOcean Holdings’s price range in the past 12 months?
DigitalOcean Holdings lowest stock price was $26.10 and its highest was $44.80 in the past 12 months.
What is DigitalOcean Holdings’s market cap?
Currently, no data Available
When is DigitalOcean Holdings’s upcoming earnings report date?
DigitalOcean Holdings’s upcoming earnings report date is Feb 20, 2025 which is in 97 days.
How were DigitalOcean Holdings’s earnings last quarter?
DigitalOcean Holdings released its earnings results on Nov 04, 2024. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.404 by $0.116.
Is DigitalOcean Holdings overvalued?
According to Wall Street analysts DigitalOcean Holdings’s price is currently Undervalued.
Does DigitalOcean Holdings pay dividends?
DigitalOcean Holdings does not currently pay dividends.
What is DigitalOcean Holdings’s EPS estimate?
DigitalOcean Holdings’s EPS estimate is $0.34.
How many shares outstanding does DigitalOcean Holdings have?
DigitalOcean Holdings has 92,282,290 shares outstanding.
What happened to DigitalOcean Holdings’s price movement after its last earnings report?
DigitalOcean Holdings reported an EPS of $0.52 in its last earnings report, beating expectations of $0.404. Following the earnings report the stock price went down -13.47%.
Which hedge fund is a major shareholder of DigitalOcean Holdings?
Among the largest hedge funds holding DigitalOcean Holdings’s share is Soros Fund Mangment LLC. It holds DigitalOcean Holdings’s shares valued at 9M.
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DigitalOcean Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$41.38 (13.12% Upside)
$41.38 (13.12% Upside)
Blogger Sentiment
Bullish
DOCN Sentiment 86%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 366.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.7%
Last 30 Days ▲ 3.6%
Last 30 Days ▲ 3.6%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
43.79%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
7.11%
Trailing 12-Months
Company Description
DigitalOcean Holdings
DigitalOcean Holdings Inc is one of the leading cloud computing platforms offeringon-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others.
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DOCN Company Deck
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DOCN Earnings Call
Q3 2024
0:00 / 0:00
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DOCN Revenue Breakdown
38.00% North America
30.00% Europe
22.00% Asia
10.00% Other
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DOCN Stock 12 Month Forecast
Average Price Target
$41.38
▲(13.12% Upside)
Technical Analysis
Best Analysts Covering DOCN
1 Year
1 Year Success Rate
8/18 ratings generated profit
1 Year Average Return
+0.90%
reiterated a buy rating 11 days ago
Copying Patrick Walravens's trades and holding each position for 1 Year would result in 44.44% of your transactions generating a profit, with an average return of +0.90% per trade.
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