2024-02-24 04:01:00 ET
Summary
- DigitalOcean underperformed the S&P 500 index by ~10% over the past year.
- The company's recent financial results were slightly better, but fundamental questions remain.
- DigitalOcean is focusing on product initiatives, AI/ML strategy, and ramping up its sales and customer success strategies, but it may be in uncharted territory.
Investment thesis
A lot has changed for DigitalOcean (DOCN) in the past 14 months. Let's start by doing a sanity check on the company's stock performance. DigitalOcean, or DO as the company sometimes calls itself, underperformed the benchmark index by scoring a ~17% return, ~10% under the S&P 500 index ( SP500 ) over the past year....
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For further details see:
DigitalOcean's Management Is Leaving Money On The Table. I'm On The Sidelines