However, there are concerns too about DigitalOcean's slowing revenue growth rates, which have dropped from over 30% to mid-20s% CAGR. Intraday Data provided by FACTSET and subject to terms of use. What this means: InvestorsObserver gives Digitalocean Holdings Inc (DOCN) an overall rank of 44, which is below average. Changes in these assumptions may have a material impact on the backtested returns presented. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. DigitalOcean Holdings Inc Fundamental data provided by Zacks and Morningstar. Barchart is committed to ensuring digital accessibility for individuals with disabilities. Digitalocean Holdings To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Data is WebGet the latest DigitalOcean Holdings Inc (DOCN) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and It operates through the North America, Europe, Asia, and Other geographical segments. Looking for a helping hand in the market? DOCN | DigitalOcean Holdings Inc. Annual Income WebDOCN 2.22%. In comparison to the median Technology stock, DOCN's price/sales ratio is 129.17% higher, now standing at 5.5. DOCN Market cap $2.87B. That being said, given that DigitalOcean Holdings, Inc.'s outlook for Q4 2023 points to 30% adjusted free cash flow margins, this means a meaningful ramp-up from the present 21% free cash flow in Q1 2023. For comparison purposes, find information on other symbols contained in the same sector. DigitalOcean Holdings: Improving Prospects (Rating Upgrade) This browser is no longer supported at MarketWatch. Please add some widgets by going to. This DigitalOcean Stock Spiked. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Extraordinaries & Discontinued Operations, Jobs report shows big 339,000 gain in May. With that context in mind, consider the full-year guidance that DOCN provided together with its Q4 2022 results: And now, consider DOCN's recently updated outlook provided together with its Q1 2023 results: Clearly, this outlook points to a significant improvement. Stocks: 15 20 minute delay (Cboe BZX is real-time), ET. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. DOCN DigitalOcean Holdings: Improving Prospects (Rating Upgrade) There's a lot of nuance to this Stocks Telegraph is not liable for any loss or damage that may occur as a result of reliance on this data. DOCN DOCN (Emphasis added.). DigitalOcean is based in New York, United States. DigitalOcean helps developers, startups and small and medium-sized businesses rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. For example, a price above its moving average is generally considered an upward trend or a buy. DOCN There are currently no items in this Watchlist. A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. Web$ 0.00 DOCN Real Time Quote About DigitalOcean Holdings Inc. DigitalOcean Holdings, Inc. engages in providing cloud infrastructure. We are all working together to compound returns. DigitalOcean Holdings Inc (DOCN) Shares Outstanding Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as SIC-7370 Services-Computer Programming, Data Processi. What was DigitalOcean Holdingss price range in the past 12 months? While in the current year, DigitalOcean's revenue growth rates are pointing towards no more than mid-20s% CAGR. $78.79M. The following information will appear when the following conditions are met: Provides a general description of the business conducted by this company. Important Dates The last WebView the latest DigitalOcean Holdings Inc. (DOCN) stock price, news, historical charts, analyst ratings and financial information from WSJ. DigitalOcean helps developers, startups and small and medium-sized businesses rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. The Barchart Technical Opinion widget shows you today'soverally Barchart Opinion with general information on how to interpret the short and longer term signals. The average number of shares traded each day over the past 30 days, The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock. 2023 Barchart.com, Inc. All Rights Reserved. If you require comprehensive real-time bids/asks/quotes, we offer a no-risk trial to one of our real-time products. View the latest DOCN financial statements, income statements and financial ratios. No representations and warranties are made as to the reasonableness of the assumptions. After each calculation the program assigns aBuy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. Digitalocean Holdings Inc is in the bottom half of stocks based on the fundamental outlook for the stock and an analysis of the stock's chart. Contrarian Outlook; DOCN Insider Buying; DOCN Shares Summary Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Following the earnings report the stock price went up 0.632%. But I'm not bullish either. Shares Outstanding (Diluted Average) explanatio Highlights important summary options statistics to provide a forward looking indication of investors' sentiment. We are continuously working to improve our web experience, and encourage users to. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. DigitalOcean's growth is holding up better than that of the market leader. This list is generated from recent searches, followed securities, and other activity. Intraday Data provided by FACTSET and subject to terms of use. DigitalOcean Holdings Inc. (NYSE: DOCN) stock fell -1.29% on Tuesday to $28.39 against a previous-day closing price of $28.76. there are more positive aspects than negative, which now leads me to upgrade my DigitalOcean Holdings, Inc. stock rating to a buy from a hold. Be watchful of a trend reversal.". 5/17/2023 - Zacks Investment Research Block's (SQ) Square Expands Its Offerings for Restaurants 5/17/2023 - Zacks Investment Research The one-year earnings decline has likely contributed toDigitalOcean Holdings' (NYSE:DOCN) shareholders losses of 13% over that period These 3 Are Great Buys, 3 Super Stocks Down 70% to 88% You'll Wish You'd Bought on the Dip, 1 Growth Stock Down 74% You'll Wish You'd Bought on the Dip. Live educational sessions using site features to explore today's markets. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. And we've got an interview with Yancey Spruill, CEO of cloud service provider DigitalOcean. DigitalOcean Holdings does not currently pay dividends. When is DigitalOcean Holdingss upcoming earnings report date? Shares of cloud computing infrastructure provider DigitalOcean (DOCN 1.28%) have surged 44% so far in 2023 thanks to the consistently solid growth the company A rank of 44 means that 56% of stocks appear more favorable to our system. For the best MarketWatch.com experience, please update to a modern browser. Per share. Even though at the time of the results being reported, we are nearly halfway through 2023. DOCN A symbol will be given one of the following overall ratings: The current reading of the 14-Day Stochastic indicator is also factored into the interpretation. I provide a hand-holding service. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Will Cloud Strength Benefit Alibaba's (BABA) Q4 Earnings? What's more, the evidence backing my assertion for improving free cash flows can be found in management's commentary on the earnings call: For the full year 2023, free cash flow will increase as a result of our improved profit margin and lower capital expenditures, driving 21% to 22% free cash flow margin. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. Is this happening to you frequently? Certain assumptions have been made for modeling purposes and are unlikely to be realized. I have no business relationship with any company whose stock is mentioned in this article. Stock Price data may be delayed up to 15 minutes. WebIn depth view into DigitalOcean Holdings Percent of Shares Outstanding Short including historical data from 2021, charts and stats. DOCN $36.00 Digitalocean Holdings $1.71 4.99% Earnings Details 1st Quarter March 2023 Tuesday, May 9, 2023 7:00:00 AM Tweet Share Watch Summary Digitalocean Holdings Misses Digitalocean Holdings (DOCN) reported 1st Quarter March 2023 earnings of $0.26 per share on revenue of $165.1 million. If you have an ad-blocker enabled you may be blocked from proceeding. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Who this matters to: Overall Ranking is a comprehensive evaluation. Also Trade In: Volume: 264.40K Market Cap $: Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019 Refinitiv. Fundamental company data and analyst estimates provided by FactSet. It is typically expressed as a percentage of the total number of shares outstanding and is reported on a monthly basis. Historical and current end-of-day data provided by FACTSET. Jobs report shows big 339,000 gain in May. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Annual Income : DigitalOcean Just Made a Major Change to Its 2023 Guidance and Most Investors Didn't Even Notice, This Cloud Computing Stock Is Growing Faster Than AWS, Do Not Sell or Share My Personal Information, If the 14-Day Stochastic %K is greater than 90 and the Overall Opinion is a Buy, the following displays: "The market is in highly overbought territory. DigitalOcean is based in New York, United States. Volume is also updated but is the delayed consolidated Volume from the symbol's exchange. DigitalOcean Holdings released its earnings results on May 09, 2023. WebDOCN Stock Price - DigitalOcean Holdings, Inc. engages in providing cloud infrastructure. Reported on 5/9/23. For US and Canadian Stocks, the Overview page includes key statistics on the stock's fundamentals, with a link to see more. Have Watchlists? Please check your download folder. DigitalOcean Holdings reported an EPS of $0.28 in its last earnings report, missing expectations of $0.289. The Barchart Technical Opinion rating is a 88% Buy with a Strongest short term outlook on maintaining the current direction. Quoteboard data fields include: A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart. Need Help? This information is provided for illustrative purposes only. WebDOCN Valuation Summary. Market Cap History Export View and export this data all the way back to 2021 . I am not receiving compensation for it (other than from Seeking Alpha). Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Not everything is positive when it comes to investing in DigitalOcean, but there are more positive aspects than negative, which now leads me to upgrade my DigitalOcean Holdings, Inc. stock rating to a buy from a hold. Does this company have a path to market-beating returns? Investors looking to buy growth that isn't too expensive should take a closer look at cloud player DigitalOcean. The Vanguard Group, Inc. recently announced the acquisition of new stake in DigitalOcean Holdings Inc. (NYSE:DOCN). She is also the author of several books, including Seven Keys to Living in Victory, I am My Beloveds and The Cup Bearer. DigitalOcean Holdings Inc. DigitalOcean Holdings, Inc. ( NYSE: DOCN) is an affordable and user-friendly cloud platform that allows businesses to host their applications. WebDOCN shares outstanding history table and chart, presented by SharesOutstandingHistory.com. When available, Bid and Ask information from the Cboe BZX Exchange is updated as new data is received. The total amount of income generated by the sale of goods or services related to the company's primary operations, Represents the total incurred expenses through normal operations, Companys earnings for a period net of operating costs, taxes, and interest. WebDigitalOcean stock has barely moved since reporting. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. DigitalOcean Holdings, Inc. (NYSE:DOCN) is an affordable and user-friendly cloud platform that allows businesses to host their applications. According to Wall Street analysts DigitalOcean Holdingss price is currently Undervalued. Visit a quote page and your recently viewed tickers will be displayed here. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. Volume reflects consolidated markets. During the earnings call, we heard an update on its integration of Cloudways and how Cloudways managed hosting capabilities are performing well and have contributed to growth. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. For investors looking out to 2024, I suspect that DigitalOcean Holdings, Inc. investors are paying approximately 13x forward free cash flow, which is far from expensive for a cloud storage business. These 3 Are Great Buys, 3 Cloud Computing Stocks to Buy for Sky-High Returns, Zoom (ZM) Q1 Earnings Beat, Customer Growth Drives Revenues, Carrier (CARR) Boosts Refrigeration Segment With New Products, 3 Super Stocks Down 70% to 88% You'll Wish You'd Bought on the Dip, Applied Materials (AMAT) Q2 Earnings & Sales Beat, Rise Y/Y, Carrier (CARR) Strengthens HVAC Offerings With i-Vu Pro Launch, Carrier (CARR) Boosts BluEdge With TRU Battery Protection, OptionsSwing Founder's Top Stock Picks: Jason Lee Reveals Key Tech Companies To Watch In The Remote Work Era. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Create a list of the investments you want to track. DigitalOcean Holdings Percent of Shares Outstanding Short - YCharts DigitalOcean Holdings shares outstanding from 2019 to 2023. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. WebEarnings estimates and surprises for Digitalocean Holdings Inc (DOCN) are an important tool used to evaluate the company's overall strength and value of the stock. Annual stock financials by MarketWatch. per Employee $510.07K; P/E Ratio N/A; EPS-$0.43; Yield N/A; Dividend N/A; Ex-Dividend Currency in USD 36.00 +1.71 (+4.99%) At close: 04:00PM EDT 36.16 +0.16 (+0.44%) After hours: 07:43PM EDT Stock Average price target from 14 ratings: $39.20, Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. And Allspring Global Investments LLC has lifted its position by Analysts Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. DigitalOcean Holdings, Inc.'s outlook for Q4 2023 points to a substantial ramp in free cash flow margins. Measures how much net income or profit is generated as a percentage of revenue. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. A Former Short Seller Says Shares Could Quadruple. A combination of recent performance, future opportunity, and attractive valuations makes these stocks compelling right now. DOCN The market is in highly overbought territory. Dr. Judy is a Prophet, Pastor and Life Coach. Intraday data delayed at least 15 minutes or per exchange requirements. Deep Value Returns' Marketplace continues to rapidly grow. Enter your email to receive our newsletter. How many shares outstanding does DigitalOcean Holdings have? Finance DigitalOcean Holdings Inc. (NYSE:DOCN) traded at $34.87 at close of the session on Monday, 03/06/23, made a downward move of -1.13% on its previous days price. This metric excludes the company's treasury shares. The stock has risen by 37.93% since the beginning of the year, thereby showing the potential of a further growth. Copyright 2019 FactSet Research Systems Inc. All rights reserved. The negative consideration is that DigitalOcean's revenue growth rates appear to be slowing down at a rapid rate. Which hedge fund is a major shareholder of DigitalOcean Holdings? SNAP 0.58%. DoubleVerify Holdings Inc (DV Digital Ocean Shares Sink as Analysts Pick Up Coverage, This Magnificent Growth Stock Could Jump Another 71%, and It Is a Bargain Right Now, Garmin (GRMN) Enhances Navionics Platinum+ With Relief Shading, Looking for Tech Stocks? Real-time prices are available during market hours (9:30 AM to 4:00 PM EST). My Marketplace highlights a portfolio of undervalued investment opportunities - stocks with rapid growth potential, driven by top quality management, while these stocks are cheaply valued. No gimmicks. DOCN | DigitalOcean Holdings Inc. Stock Overview (U.S.: NYSE) The estimated number of people who visited one or more of the websites owned by DigitalOcean Holdings. What is DigitalOcean Holdingss EPS estimate? Is DigitalOcean the Best Cloud Stock to Buy for 2023? As an experienced professional, I highlight the best stocks to grow your savings: stocks that deliver strong gains. ", If the 14-Day Stochastic %K is greater than 80 and the Overall Opinion is a Buy, the following displays: "The market is approaching overbought territory. The enterprise value is $3.94 billion. Ring Gets a Downgrade. Next, we'll turn to discuss some positive elements. DOCN stock: DigitalOcean Holdings Inc - Super Stock Screener DOCN However, the core reason why I'm upgrading DOCN to a buy is that I believe that its business model will see higher sustainable growth rates over the next several quarters, and here's why: DOCN's free cash flow margin jumped from 4% in the prior year's quarter to 16%. DigitalOcean Holdings lowest stock price was $23.38 and its highest was $53.88 in the past 12 months. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Investors Take Advantage Of -1.13% Loss In - Stocks Register Others are great buys. cloud platform offering on-demand computing for startups and small and medium-sized businesses, or SMBs. Unique to Barchart.com, Opinionsanalyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Stocks Telegraph provides information and tools designed to assist investors and Wall Street players. Try a 7-Day Free Trial to check it out. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Dr. Judy Brown travels across the globe with a prophetic word for the masses. I have no business relationship with any company whose stock is mentioned in this article. Please check your download folder. Excluding the one-time cost associated with our workforce reduction and transaction costs, like adjusted EBITDA, free cash flow will ramp throughout the year. GuruFocus detected 4 Severe warning signs with DOCN. Stocks Telegraph does not provide any advice or recommendations for buying or selling stocks, securities, or other financial products.

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