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2023-08-10 07:25:00 ET Shares of PubMatic (NASDAQ: PUBM) and DigitalOcean (NYSE: DOCN) tumbled after each company reported its own disappointing quarterly results. PubMatic is struggling with a tough digital advertising market and the impact of a one-off industry bankruptcy,...
2023-08-09 07:47:35 ET 2022 brought about a sea change in the way technology companies do business. In the years prior, interest rates were near record lows, which meant capital was extremely cheap, so investors encouraged tech organizations to spend heavily on growth even if it meant they ...
2023-08-09 04:24:46 ET Summary Cloud computing has witnessed strong rebound on the back of emerging tech trends. The ISE CTA Cloud Computing Index is up 35.8% this year. In Q1, spending on global cloud infrastructure rose $10 billion from Q1 2022. Analysts suggest cloud co...
2023-08-08 05:10:00 ET The Nasdaq composite is up by approximately 35% this year, which is primarily thanks to cloud stocks. The cloud market, which reached more than $480 billion last year, is expected to grow to about $1.55 trillion by 2030, according to Grand View Research, a compound an...
2023-08-07 09:45:49 ET Summary DigitalOcean's Q2 earnings report showed respectable numbers, with revenue and gross profit up year over year. Some metrics, such as NDR and full-year guidance, were not as positive, but these may be temporary difficulties. The acquisition of Pap...
2023-08-07 05:27:00 ET Shares of cloud infrastructure provider DigitalOcean (NYSE: DOCN) tanked more than 24% following the company's second-quarter earnings call. Investors were reacting to news that it would have to restate previously reported earnings results, and that wasn't all...
2023-08-06 06:40:00 ET Businesses big and small are looking for ways to rein in costs as a tough economy fuels uncertainty. An easy target for these cost cuts is cloud computing. The mega-cloud platforms like Amazon Web Services (AWS) and Microsoft Azure have already suffered a shar...
2023-08-04 12:14:04 ET DigitalOcean Holdings ( NYSE: DOCN ) stock fell ~23% on Friday after the company cut its FY23 outlook but drew relatively positive reactions from Wall Street. The company reduced its FY23 total revenue outlook to be between $680M and $685M, compare...
2023-08-04 05:20:42 ET Stock futures are up in premarket trading on Friday as market participants review big tech profits ahead of key jobs data . Here are some of Friday's biggest stock movers in premarket trading: Biggest stock gainers For further details see: Biggest ...
2023-08-03 22:07:07 ET DigitalOcean Holdings, Inc. (DOCN) Q2 2023 Earnings Conference Call August 3, 202316:30 ET Company Participants Rob Bradley - Vice President of Investor Relations Yancey Spruill - Chief Executive Officer Matt Steinfort - Chief Financial Off...
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30 year tech industry veteran will oversee the go-to-market strategy and drive rapid growth DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing digital businesses, is pleased to announce the appointment of Larry D’Angelo as its new Chi...
2024-07-16 10:00:00 ET There are two sides to the artificial intelligence (AI) revolution. There is hardware, which includes data centers filled with advanced semiconductors designed to train AI models. Then there is software, which includes chatbots like OpenAI's ChatGPT, plus the expandin...
2024-07-13 17:20:00 ET With a market valuation of about $3 billion, DigitalOcean (NYSE: DOCN) is one of the smaller players in the cloud-computing space. It's a good business with plenty of customers, steady revenue growth, and strong margins, but not everything is going according t...