DigitalOcean (DOCN) Moves 8.1% Higher: Will This Strength Last? [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.7% loss over the past four weeks. DOCN is benefiting from strong spending in the cloud computing domain. Annual Run-Rate Revenue (ARR) ended the quarter at $730 million, representing 11% year-over-year growth. This company is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of +35.7%. Revenues are expected to be $182.7 million, up 10.6% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. For DigitalOcean, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in
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News
- When You Look Back in 5 Years, You'll Wish You'd Bought This Tiny Artificial Intelligence (AI) Stock [Yahoo! Finance]Yahoo! Finance
- Is DigitalOcean Stock a Buy? [Yahoo! Finance]Yahoo! Finance
- DigitalOcean Holdings, Inc. (NASDAQ: DOCN) had its price target raised by analysts at Canaccord Genuity Group Inc. from $41.00 to $42.00. They now have a "buy" rating on the stock.MarketBeat
- DigitalOcean Holdings, Inc. (NASDAQ: DOCN) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $47.00 price target on the stock.MarketBeat
- DigitalOcean Holdings, Inc. (NASDAQ: DOCN) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
DOCN
Earnings
- 5/10/24 - Beat
DOCN
Sec Filings
- 5/14/24 - Form 4
- 5/10/24 - Form 10-Q
- 5/10/24 - Form 8-K
- DOCN's page on the SEC website