1 Little-Known Cloud Computing Stock to Buy Hand Over Fist Before It Soars 43% [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
Founded in 2012, DigitalOcean isn't a cloud service provider in the mold of its more illustrious peers. The company is known for providing an on-demand cloud computing platform that's used by small businesses, developers, and start-ups, and it has been struggling in the past year because of weak cloud spending . This explains why DigitalOcean stock has gained just 15% in the past year, which is well below the Nasdaq Composite index's 42% gains. However, a closer look at the company's prospects and its attractive valuation suggests that it could indeed step on the gas in the future. Let's see why that may be the case. DigitalOcean is facing challenges, but investors should focus on the bigger picture DigitalOcean released its fourth-quarter 2023 earnings report on Feb. 21. The company's annual revenue increased 20% year over year to $693 million, while adjusted earnings were up an impressive 75% to $1.59 per share. However, a look at DigitalOcean's Q4 results suggests that the c
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News
- Why DigitalOcean Stock Jumped Today [Yahoo! Finance]Yahoo! Finance
- There's Been No Shortage Of Growth Recently For DigitalOcean Holdings' (NYSE:DOCN) Returns On Capital [Yahoo! Finance]Yahoo! Finance
- 3 Top Tech Stocks to Buy Right Now [Yahoo! Finance]Yahoo! Finance
- What the History of Linux Says About the Long Road to Decentralized Storage Adoption [Yahoo! Finance]Yahoo! Finance
- 1 Small-Cap Growth Stock That Could Soar, According to Wall Street [Yahoo! Finance]Yahoo! Finance
DOCN
Earnings
- 2/21/24 - Beat
DOCN
Sec Filings
- 4/23/24 - Form 144
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- DOCN's page on the SEC website