Q4 Earnings Roundup: DigitalOcean (NYSE:DOCN) And The Rest Of The Data Storage Segment [Yahoo! Finance]
DigitalOcean Holdings, Inc. (DOCN)
Company Research
Source: Yahoo! Finance
Data is the lifeblood of the internet and software in general, and the amount of data created is accelerating. As a result, the importance of storing the data in scalable and efficient formats continues to rise, especially as its diversity and associated use cases expand from analyzing simple, structured datasets to high-scale processing of unstructured data such as images, audio, and video. The 5 data storage stocks we track reported a decent Q4; on average, revenues beat analyst consensus estimates by 4.1%. while next quarter's revenue guidance was 0.5% above consensus. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. The beginning of 2024 saw mixed inflation data, however, leading to more volatile stock performance, and data storage stocks have had a rough stretch, with share prices down 8.9% on average since the previous earnings results. DigitalOcean (NYSE:DOCN) Started by brothers Ben and Mois
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News
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- DigitalOcean Announces Date of First Quarter 2024 Earnings Conference CallBusiness Wire
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