This Artificial Intelligence (AI) Stock Looks Like a Top Buy Following Its Latest Pullback [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
The stock sank 10% after DigitalOcean released its third-quarter results on Nov. 4. And so far in 2024, the shares are up just 7%. But it looks like the market is underestimating the cloud computing provider's immense growth potential and the healthy results that it has been delivering of late. A closer look at the company's results will tell us that its recent performance didn't deserve such a sell-off. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Let's look at the reasons why. DigitalOcean's revenue in the third quarter of 2024 increased 12% year over year to $198 million, while its adjusted earnings grew 18% from the same quarter last year to $0.52 per share. The company's top line exceeded its guidance range of $196 million to $197 million, while the bottom line was significantly higher than the $0.40 per share earnings estimate. Even better, DigitalOcean raised its full-year guidance. It expects to finish th
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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
- DigitalOcean: I Expect Growth To Accelerate In The Foreseeable Future [Seeking Alpha]Seeking Alpha
- The Future of Cloud Operations with emma at AWS re:Invent 2024 [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