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DigitalOcean Holdings (DOCN)
NYSE:DOCN
DigitalOcean Holdings (DOCN) Stock Price & Analysis
1,047 Followers
DOCN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$19.39 - $51.69
Previous Close$33.23
Volume95.93K
Average Volume (3M)1.04M
Market Cap
$3.07B
Enterprise Value$4.29B
Total Cash (Recent Filing)$384.08M
Total Debt (Recent Filing)$1.66B
Price to Earnings (P/E)25561.5
Beta2.14
Next Earnings
May 10, 2024EPS Estimate
$0.38Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)<0.01
Shares Outstanding90,796,695
10 Day Avg. Volume724,579
30 Day Avg. Volume1,044,446
Standard Deviation0.20
R-Squared0.21
Alpha0.00129
Financial Highlights & Ratios
Price to Book (P/B)-3.86
Price to Sales (P/S)18.61
Price to Cash Flow (P/CF)9.60
P/FCF Ratio9.40
Enterprise Value/Market CapN/A
Enterprise Value/Revenue6.36
Enterprise Value/Gross Profit11.78
Enterprise Value/Ebitda35.82
Forecast
1Y Price Target
$38.56Price Target Upside14.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
DigitalOcean Holdings News
PremiumCompany Announcements
DigitalOcean Announces $140M Share Buyback Initiative
Bulls Say, Bears Say
Bulls Say
Analyst's RecommendationAn analyst maintains a Buy rating on the stock and raises the price target to $42, indicating confidence in DigitalOcean's growth prospects and market position.
Financial PerformanceDigitalOcean reported earnings that exceeded management's guidance metrics, demonstrating the company's strong financial health and potential for future growth.
Strategic DevelopmentsWith an investment of approximately $50 million in AI/ML this year, DigitalOcean is significantly enhancing its technological capabilities, which could drive innovation and customer satisfaction.
Bears Say
Financial PerformanceNet dollar retention rate remains below 100%, reflecting customer spend contraction.
Profitability PressureMargin guidance missed, indicating potential pressure on profitability.
Revenue GrowthThe company's revenue growth projection has slightly decreased to around 10% year-over-year.
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Ownership Overview
Currently, No data available
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by DigitalOcean Holdings
Desktop Users
Mobile Users
DOCN FAQ
What was DigitalOcean Holdings’s price range in the past 12 months?
DigitalOcean Holdings lowest stock price was $19.39 and its highest was $51.69 in the past 12 months.
What is DigitalOcean Holdings’s market cap?
Currently, no data Available
When is DigitalOcean Holdings’s upcoming earnings report date?
DigitalOcean Holdings’s upcoming earnings report date is May 10, 2024 which is in 21 days.
How were DigitalOcean Holdings’s earnings last quarter?
DigitalOcean Holdings released its earnings results on Feb 21, 2024. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.365 by $0.075.
Is DigitalOcean Holdings overvalued?
According to Wall Street analysts DigitalOcean Holdings’s price is currently Undervalued.
Does DigitalOcean Holdings pay dividends?
DigitalOcean Holdings does not currently pay dividends.
What is DigitalOcean Holdings’s EPS estimate?
DigitalOcean Holdings’s EPS estimate is $0.38.
How many shares outstanding does DigitalOcean Holdings have?
DigitalOcean Holdings has 90,796,690 shares outstanding.
What happened to DigitalOcean Holdings’s price movement after its last earnings report?
DigitalOcean Holdings reported an EPS of $0.44 in its last earnings report, beating expectations of $0.365. Following the earnings report the stock price went up 8.675%.
Which hedge fund is a major shareholder of DigitalOcean Holdings?
Among the largest hedge funds holding DigitalOcean Holdings’s share is Harbourvest Partners Llc. It holds DigitalOcean Holdings’s shares valued at 2M.
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DigitalOcean Holdings Stock Smart Score
Underperform
1
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4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$38.56 (14.18% Upside)
$38.56 (14.18% Upside)
Blogger Sentiment
Bullish
DOCN Sentiment 81%
Sector Average 70%
Sector Average 70%
Hedge Fund Trend
Decreased
By 552.4K Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 5.8%
Last 30 Days ▼ 5.8%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-3.93%
12-Months-Change
Fundamentals
Return on Equity
―
Trailing 12-Months
Asset Growth
-19.55%
Trailing 12-Months
Company Description
DigitalOcean Holdings
DigitalOcean Holdings Inc is one of the leading cloud computing platforms offeringon-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. 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.
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DOCN Company Deck
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DOCN Earnings Call
Q4 2024
0:00 / 0:00
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DOCN Revenue Breakdown
38.00% North America
30.00% Europe
22.00% Asia
10.00% Other
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DOCN Stock 12 Months Forecast
Average Price Target
$38.56
▲(14.18% Upside)
Technical Analysis
Best Analysts Covering DOCN
1 Year
1 Year Success Rate
5/20 ratings generated profit
1 Year Average Return
-13.64%
reiterated a buy rating 4 days ago
Copying Raimo Lenschow's trades and holding each position for 1 Year would result in 25.00% of your transactions generating a profit, with an average return of -13.64% per trade.
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