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Digitalocean Holdings, Inc. (DOCN)
:DOCN
Holding DOCN?
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DOCN Stock Chart & Stats
Day’s Range― - ―
52-Week Range$26.63 - $44.80
Previous CloseN/A
Volume225.55K
Average Volume (3M)753.17K
Market Cap
$3.33B
Enterprise Value$5.33B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)42.5
Beta2.09
Next Earnings
Feb 20, 2025EPS Estimate
0.34Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.85
Shares Outstanding92,282,290
10 Day Avg. Volume849,169
30 Day Avg. Volume753,171
Standard Deviation0.18
R-Squared0.21
Alpha-0.00520
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)4.41
Price to Cash Flow (P/CF)11.40
P/FCF Ratio61.50
Enterprise Value/Market Cap1.60
Enterprise Value/Revenue7.04
Enterprise Value/Gross Profit13.03
Enterprise Value/Ebitda31.01
Forecast
1Y Price Target
$41.89Price Target Upside15.94% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
DigitalOcean Holdings News
PremiumCompany Announcements
DigitalOcean Reports Strong Q3 2024 Earnings GrowthBulls Say, Bears Say
Bulls Say
Financial PerformanceDigitalOcean printed a solid beat-and-raise Q3 with total revenues growing 12% yoy and EBITDA margins of nearly 44%.
Market StrategyDigitalOcean's strategy includes the limited availability launch of its new AI platform, which allows users to create their own AI agents.
Product InnovationDigitalOcean continues to innovate as the company released 42 new product features in 3Q alone, almost double what was released in 2Q.
Bears Say
Financial PerformanceA stark decline in EBITDA margins implied by the Q4 guidance suggests a potential crack in the highly profitable armor investors have come to expect from DOCN.
Investor ExpectationsThe stock's prior 40% appreciation contributed to a share price decline as current performance failed to meet heightened investor expectations.
Revenue GrowthRevenue growth decelerated year over year in Q3 compared to Q2 and net new ARR dropped significantly, which weighs on market sentiment.
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Ownership Overview
2.60% Insiders
16.50% Mutual Funds
0.46% Other Institutional Investors
59.35% 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, Inc.’s price range in the past 12 months?
Digitalocean Holdings, Inc. lowest stock price was $26.63 and its highest was $44.80 in the past 12 months.
What is Digitalocean Holdings, Inc.’s market cap?
Digitalocean Holdings, Inc.’s market cap is $3.33B.
When is Digitalocean Holdings, Inc.’s upcoming earnings report date?
Digitalocean Holdings, Inc.’s upcoming earnings report date is Feb 20, 2025 which is in 29 days.
How were Digitalocean Holdings, Inc.’s earnings last quarter?
Digitalocean Holdings, Inc. 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, Inc. overvalued?
According to Wall Street analysts Digitalocean Holdings, Inc.’s price is currently Undervalued.
Does Digitalocean Holdings, Inc. pay dividends?
Digitalocean Holdings, Inc. does not currently pay dividends.
What is Digitalocean Holdings, Inc.’s EPS estimate?
Digitalocean Holdings, Inc.’s EPS estimate is 0.34.
How many shares outstanding does Digitalocean Holdings, Inc. have?
Digitalocean Holdings, Inc. has 92,282,290 shares outstanding.
What happened to Digitalocean Holdings, Inc.’s price movement after its last earnings report?
Digitalocean Holdings, Inc. 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, Inc.?
Among the largest hedge funds holding Digitalocean Holdings, Inc.’s share is Harbourvest Partners Llc. It holds Digitalocean Holdings, Inc.’s shares valued at 2M.
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DigitalOcean Holdings Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Buy
Average Price Target:
$41.89 (15.94% Upside)
$41.89 (15.94% Upside)
Blogger Sentiment
Bullish
DOCN Sentiment 70%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 428.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.1%
Last 30 Days ▲ 3.7%
Last 30 Days ▲ 3.7%
News Sentiment
Neutral
Bullish news 59%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
5.27%
12-Months-Change
Fundamentals
Return on Equity
-38.81%
Trailing 12-Months
Asset Growth
7.11%
Trailing 12-Months
Company Description
Digitalocean Holdings, Inc.
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
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with significant growth in the AI/ML platform, steady revenue growth, and strong product innovation. However, there are challenges with managed hosting headwinds affecting net dollar retention and a decline in free cash flow margin.Read More>---
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
$41.89
▲(15.94% Upside)
Technical Analysis
Best Analysts Covering DOCN
1 Year
1 Year Success Rate
6/18 ratings generated profit
1 Year Average Return
-4.32%
reiterated a buy rating 3 months ago
Copying Patrick Walravens's trades and holding each position for 1 Year would result in 33.33% of your transactions generating a profit, with an average return of -4.32% per trade.
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