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Stock impact report

Winners And Losers Of Q3: DigitalOcean (NYSE:DOCN) Vs The Rest Of The Data Storage Stocks [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 4 data storage stocks we track reported a strong Q3. As a group, revenues beat analysts' consensus estimates by 2.6% while next quarter's revenue guidance was in line. In light of this news, share prices of the companies have held steady as they are up 2.2% on average since the latest earnings results. 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. DigitalOcean reported revenues of $229.6 million, up 15.7% year on y Show less Read more
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