Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
DigitalOcean Holdings (DOCN)
NYSE:DOCN
Holding DOCN?
Track your performance easily
DOCN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$26.63 - $44.80
Previous Close$35.7
Volume1.71M
Average Volume (3M)1.01M
Market Cap
$3.27B
Enterprise Value$4.46B
Total Cash (Recent Filing)$439.87M
Total Debt (Recent Filing)$1.63B
Price to Earnings (P/E)42.0
Beta2.15
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. Volume5,578,873
30 Day Avg. Volume1,013,847
Standard Deviation0.19
R-Squared0.21
Alpha-0.00372
Financial Highlights & Ratios
Price to Book (P/B)-15.59
Price to Sales (P/S)4.32
Price to Cash Flow (P/CF)11.20
P/FCF Ratio60.30
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.89
Enterprise Value/Gross Profit10.90
Enterprise Value/Ebitda25.94
Forecast
1Y Price Target
$42.13Price Target Upside18.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering9
DigitalOcean Holdings News
PremiumCompany Announcements
DigitalOcean Reports Strong Q3 2024 Earnings Growth
Bulls Say, Bears Say
Bulls Say
AI And Market ExpansionThe strategic partnership with Hugging Face and the launch of a new AI platform are enhancing DigitalOcean's position in the AI/ML space, driving significant growth in AI-related revenues.
Financial PerformanceDigitalOcean reported strong financial results with revenues growing 12% year-over-year and EBITDA margins reaching nearly 44%.
Innovation And Product DevelopmentDigitalOcean continues to drive innovation with the release of 42 new product features in a single quarter, almost doubling the previous quarter's output.
Bears Say
Acquisition ConcernsMixed investor reactions to the acquisition of Paperspace included concerns about differentiation and potential dilution to the core business.
Earnings GuidanceA stark quarter-over-quarter decline in EBITDA margins implied by the Q4 guidance suggests to some a potential crack in the highly profitable armor investors have come to expect from DigitalOcean.
Revenue GrowthNet new ARR was down quarter-over-quarter and year-over-year, with revenue growth in Q3 decelerating compared to Q2, weighing on sentiment.
---
Ownership Overview
2.60% Insiders
16.16% Mutual Funds
9.35% Other Institutional Investors
50.58% 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 $26.63 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 61 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 Harbourvest Partners Llc. It holds DigitalOcean Holdings’s shares valued at 2M.
---
DigitalOcean Holdings Stock Smart Score
Unlock Smart Score
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$42.13 (18.01% Upside)
$42.13 (18.01% Upside)
Blogger Sentiment
Bullish
DOCN Sentiment 85%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 428.1K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Negative
Last 7 Days ▼ 1.9%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-2.11%
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.
---
DOCN Company Deck
---
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
---
DOCN Stock 12 Month Forecast
Average Price Target
$42.13
▲(18.01% Upside)
Technical Analysis
Best Analysts Covering DOCN
1 Year
1 Year Success Rate
6/18 ratings generated profit
1 Year Average Return
-2.21%
reiterated a buy rating 2 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 -2.21% per trade.
---