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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News
- DigitalOcean (DOCN) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Unpacking Q3 Earnings: DigitalOcean (NYSE:DOCN) In The Context Of Other Data Storage Stocks [Yahoo! Finance]Yahoo! Finance
- Ceph, the Default Choice of Enterprise Storage for Mission Critical Workloads, Expands Yearly Event and Welcomes DigitalOcean as its Newest Member [Yahoo! Finance]Yahoo! Finance
- DigitalOcean Holdings, Inc. (NYSE: DOCN) had its price target raised by analysts at Stifel Nicolaus from $35.00 to $40.00. They now have a "hold" rating on the stock.MarketBeat
- AMD invests in GPU cloud provider Vultr at $3.5 billion valuation [CNBC]CNBC
DOCN
Earnings
- 11/4/24 - Beat
DOCN
Sec Filings
- 12/19/24 - Form 4
- 12/18/24 - Form 144
- 12/6/24 - Form 4
- DOCN's page on the SEC website