1 Mid-Cap Stock That Doubled in 4 Months -- Too Late to Buy? [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
After bottoming during the bear market at the very end of 2022, shares rocketed higher in the first half of 2023. But then the stock reached fresh all-time lows later in the year after slowing revenue growth hit, past accounting errors were found, and a shake-up at the CEO level was announced. DigitalOcean (DO from here on out) is back on the mend again, and it has doubled in value over the last four months. The final earnings update of 2023 and the outlook for 2024 have the market feeling okay about the cloud business again. Is it too late to buy? A new CEO with a technical background DO performed fairly well last year considering some of its drama . The company provides remote data center computing power for start-ups and small and mid-sized businesses (or SMBs), a high-growth industry that sailed through much of the bear market of the last couple years. But when looking at DO to kick off 2024, we should start by addressing the CEO issue. Yancey Spruill announced his departu
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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