DigitalOcean/DOCN

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About DigitalOcean

DigitalOcean Holdings, Inc. provides cloud computing platform offering on-demand infrastructure, platform and software tools for startups and small and medium-sized businesses (SMBs). The Company provides SMBs with a comprehensive suite of cloud offerings, advanced networking and the flexibility to harness both Graphics Processing Units (GPUs) and Central Processing Units (CPUs) capabilities. It offers mission-critical solutions across Infrastructure-as-a-Service (IaaS), including its Droplet virtual machines, storage, and networking offerings; Platform-as-a-Service (PaaS), including its Managed Database and Managed Kubernetes offerings; and Software-as-a-Service (SaaS), including its Managed Hosting and Marketplace offerings. Its customers use its platform across numerous industry verticals and for a range of use cases, such as Web and mobile applications, Website hosting, media and gaming, personal Web projects, managed services, and others.

Ticker

DOCN

Sector

Technology

Trading on

NYSE

Industry

Software & Programming

CEO

Paddy Srinivasan

Employees

1,156

Headquarters

New york, United States

Website

-

DigitalOcean Metrics

BasicAdvanced
$3.4B
Market cap
71.68
P/E ratio
$0.52
EPS
-
Beta
-
Dividend rate
$3.4B
$51.69
$19.39
1.3M
2.73
171.754
16.66%
3.25%
3.70%
71.679
4.737
28.011
16.01%
285.68%
29.59%

What the Analysts think about DigitalOcean

Analyst Ratings

Majority rating from 13 analysts.
Buy

DigitalOcean Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
7.63% profit margin
QuarterlyAnnual
Q1 24
QoQ growth
Revenue
$185M
2.16%
Net income
$14M
-11.32%
Profit margin
7.63%
-13.20%

DigitalOcean Earnings Performance

Earnings per share (EPS)

Company profitability
Beat by 12.91%
QuarterlyAnnual
Q2 23
Q3 23
Q4 23
Q1 24
Q2 24
Actual
$0.44
$0.44
$0.44
$0.43
-
Expected
$0.41
$0.36
$0.37
$0.38
$0.39
Surprise
8.16%
21.26%
20.14%
12.91%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.
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Upcoming events

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FAQs

What’s the current market cap for DigitalOcean stock?

DigitalOcean (DOCN) has a market cap of $3.4B as of June 17, 2024.

What is the P/E ratio for DigitalOcean stock?

The price to earnings (P/E) ratio for DigitalOcean (DOCN) stock is 71.68 as of June 17, 2024.

Does DigitalOcean stock pay dividends?

No, DigitalOcean (DOCN) stock does not pay dividends to its shareholders as of June 17, 2024.

When is the next DigitalOcean dividend payment date?

DigitalOcean (DOCN) stock does not pay dividends to its shareholders.

What is the beta indicator for DigitalOcean?

DigitalOcean (DOCN) does not currently have a Beta indicator.

What is the DigitalOcean stock price target?

The target price for DigitalOcean (DOCN) stock is $39.6, which is NaN% below the current price of $. This is an average based on projections from 10 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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