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Stock impact report

3 Inflated Stocks We Approach with Caution [Yahoo! Finance]

DigitalOcean Holdings, Inc. (DOCN) 
Company Research Source: Yahoo! Finance
While momentum can be a leading indicator, it has burned many investors as it doesn't always correlate with long-term success. All that said, here are three overhyped stocks that may correct and some you should consider instead. One-Month Return: +1.9% Built for simplicity in a world of complex cloud solutions, DigitalOcean (NYSE:DOCN) provides a simplified cloud computing platform that enables developers and small businesses to quickly deploy and scale applications. Why Are We Hesitant About DOCN? Average ARR growth of 14.2% over the last year has disappointed, suggesting it's had a hard time winning long-term deals and renewals Net revenue retention rate of 99.2% shows it has a tough time retaining customers Sky-high servicing costs result in an inferior gross margin of 59.5% that must be offset through increased usage DigitalOcean's stock price of $49.20 implies a valuation ratio of 5x forward price-to-sales. Check out our free in-depth research report to learn more Show less Read more
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