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DigitalOcean Holdings (DOCN)
NYSE:DOCN
Holding DOCN?
Track your performance easily
DOCN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$19.39 - $43.88
Previous Close$42.9
Volume1.11M
Average Volume (3M)1.43M
Market Cap
$3.95B
Enterprise Value$5.14B
Total Cash (Recent Filing)$443.11M
Total Debt (Recent Filing)$1.64B
Price to Earnings (P/E)60.0
Beta2.27
Next Earnings
Oct 31, 2024EPS Estimate
$0.4Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.71
Shares Outstanding92,062,346
10 Day Avg. Volume1,450,138
30 Day Avg. Volume1,426,118
Standard Deviation0.19
R-Squared0.22
Alpha-0.00120
Financial Highlights & Ratios
Price to Book (P/B)-15.54
Price to Sales (P/S)5.37
Price to Cash Flow (P/CF)13.80
P/FCF Ratio26.70
Enterprise Value/Market CapN/A
Enterprise Value/Revenue7.00
Enterprise Value/Gross Profit12.58
Enterprise Value/Ebitda29.10
Forecast
1Y Price Target
$37.80Price Target Upside-11.89% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering12
DigitalOcean Holdings News
Bulls Say, Bears Say
Bulls Say
AI GrowthAI-related hosting revenues have grown faster than expected, marking a positive trend toward meaningful growth.
Financial PerformanceDigitalOcean posted strong Q2 results, headlined by ARR growth accelerating to 15% y/y and net new ARR of $32mn handily ahead of consensus.
Market PositioningDigitalOcean offers a differentiated set of cloud infrastructure solutions that are simple and affordable, making it well-positioned to tap into a large market opportunity.
Bears Say
Acquisition ConcernsMixed investor reactions to the acquisition of Paperspace highlight concerns about differentiation and potential dilution to the core business.
Customer Base ChallengesCommentary from Confluent indicates softness from digital native customers and an increased focus on cost optimization, posing a clear negative risk.
Financial PerformanceGuidance suggests margins will move meaningfully lower due to gross margin pressure and higher AI-related operational investments.
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Ownership Overview
8.40% Insiders
15.51% Mutual Funds
<0.01% Other Institutional Investors
55.54% 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 $19.39 and its highest was $43.88 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 Oct 31, 2024 which is in 25 days.
How were DigitalOcean Holdings’s earnings last quarter?
DigitalOcean Holdings released its earnings results on Aug 08, 2024. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.393 by $0.087.
Is DigitalOcean Holdings overvalued?
According to Wall Street analysts DigitalOcean Holdings’s price is currently Overvalued.
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 $0.4.
How many shares outstanding does DigitalOcean Holdings have?
DigitalOcean Holdings has 92,062,350 shares outstanding.
What happened to DigitalOcean Holdings’s price movement after its last earnings report?
DigitalOcean Holdings reported an EPS of $0.48 in its last earnings report, beating expectations of $0.393. Following the earnings report the stock price went up 11.924%.
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:
$37.80 (-11.89% Downside)
$37.80 (-11.89% Downside)
Blogger Sentiment
Bullish
DOCN Sentiment 86%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Increased
By 366.2K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▲ 0.9%
Last 30 Days ▲ 0.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
91.60%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
2.60%
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
Q2 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
$37.80
▼(-11.89% Downside)
Technical Analysis
Best Analysts Covering DOCN
1 Year
1 Year Success Rate
10/18 ratings generated profit
1 Year Average Return
+1.93%
reiterated a buy rating 4 days ago
Copying Patrick Walravens's trades and holding each position for 1 Year would result in 55.56% of your transactions generating a profit, with an average return of +1.93% per trade.
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