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Stock impact report

Data Storage Stocks Q4 Earnings: DigitalOcean (NYSE:DOCN) Firing on All Cylinders [Yahoo! Finance]

DigitalOcean Holdings, Inc. (DOCN) 
Company Research Source: Yahoo! Finance
Quarterly earnings results are a good time to check in on a company's progress, especially compared to its peers in the same sector. Today we are looking at DigitalOcean (NYSE:DOCN) and the best and worst performers in the data storage industry. Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video. The 5 data storage stocks we track reported a strong Q4. As a group, revenues beat analysts' consensus estimates by 4.2% while next quarter's revenue guidance was in line. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 9.2% since the latest earnings results. Best Q4: DigitalOcean (NYSE:DOCN) S Show less Read more
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