DigitalOcean: I Expect Growth To Accelerate In The Foreseeable Future [Seeking Alpha]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Seeking Alpha
Play 8min Summary I give a buy rating for DigitalOcean due to anticipated growth acceleration driven by its AI strategy, larger customer base, and improving net dollar retention rate. DOCN's AI strategy positions it to capture demand from AI Extenders and AI Consumers, boosting future growth. DOCN's 3Q24 earnings beat consensus with $198.5 million revenue and $86.7 million adj EBITDA, leading to raised FY24 guidance and positive market outlook. J Studios Investment overview I give a buy rating for DigitalOcean ( NYSE: DOCN ) as I expect growth to accelerate in the coming years, supported by the success of its AI strategy, growing mix of large customers, and an improving net dollar retention rate. Once growth accelerates, valuation This article was written by May Investing Ideas Follower s Follow I am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spe
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DOCN
News
- DigitalOcean Announces Availability of Bare Metal GPUs [Yahoo! Finance]Yahoo! Finance
- DigitalOcean Announces Availability of Bare Metal GPUsBusiness Wire
- EasyTrip.AI Launches Version 1.5: Enhanced AI Trip Planner for Personalized, and Eco-Conscious Journeys [Yahoo! Finance]Yahoo! Finance
- The Future of Cloud Operations with emma at AWS re:Invent 2024 [Yahoo! Finance]Yahoo! Finance
- This Artificial Intelligence (AI) Stock Looks Like a Top Buy Following Its Latest Pullback [Yahoo! Finance]Yahoo! Finance
DOCN
Earnings
- 11/4/24 - Beat
DOCN
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 144
- 11/18/24 - Form 144
- DOCN's page on the SEC website