Q2 Earnings Highs And Lows: DigitalOcean (NYSE:DOCN) Vs The Rest Of The Data Storage Stocks [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
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 4 data storage stocks we track reported a decent Q2. As a group, revenues beat analysts' consensus estimates by 2.8% while next quarter's revenue guidance was 1.7% above. Valuation multiples for many growth stocks have not yet reverted to their early 2021 highs, but the market was optimistic at the end of 2023 due to cooling inflation. This year has been a different story as mixed inflation signals have led to market volatility. Luckily, data storage stocks have performed well with share prices up 15.2% on average since the latest earnings results. DigitalOcean (NYSE:DOCN) Started by
Show less
Read more
Impact Snapshot
Event Time:
DOCN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DOCN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DOCN alerts
High impacting DigitalOcean Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
DOCN
News
- Linux Foundation Announces OpenSearch Software Foundation to Foster Open Collaboration in Search and Analytics [Yahoo! Finance]Yahoo! Finance
- DigitalOcean: Let Us Wait For A Powerful Catalyst To Break Resistance [Seeking Alpha]Seeking Alpha
- DigitalOcean Holdings, Inc. (DOCN) Just Overtook the 200-Day Moving Average [Yahoo! Finance]Yahoo! Finance
- DigitalOcean Announces Enhanced Role-Based Access Control to Streamline Company and Security OperationsBusiness Wire
- Trace Machina Closes $4.7 Million Seed Round, Launches Out of Stealth to Build Simulation Infrastructure for Physical-World AI [Yahoo! Finance]Yahoo! Finance
DOCN
Earnings
- 8/8/24 - Beat
DOCN
Sec Filings
- 9/18/24 - Form 4
- 9/13/24 - Form 4
- 9/11/24 - Form 144
- DOCN's page on the SEC website