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2023-11-24 11:06:40 ET Summary DigitalOcean, a two-billion-dollar plus market cap company, focuses on serving developers and small and medium-sized businesses in the cloud industry. It has faced challenges due to reduced cloud growth in 2022-2023 as interest rates increased. H...
2023-11-21 09:28:22 ET More on DigitalOcean DigitalOcean's 2024 Revenue Growth Rates And Prospects DigitalOcean Holdings, Inc. (DOCN) Q3 2023 Earnings Call Transcript DigitalOcean Holdings, Inc. 2023 Q3 - Results - Earnings Call Presentation DigitalOcean stoc...
2023-11-21 07:39:39 ET Summary Positive aspects include DigitalOcean's profitability and robust cash flow generation. However, concerns arise over its stock valuation, trading at 17x forward EPS with guided decelerating growth rates. Q3 guidance revision was optimistic, but a ...
2023-11-15 08:00:00 ET DigitalOcean Holdings (NYSE: DOCN) stock has been sinking beneath the waves in the past four months. Since hitting a 52-week high in mid-July, the stock has crashed by 50% due to investors' concerns that a slowdown in cloud spending will stymie the company's g...
2023-11-14 05:45:00 ET The Nasdaq-100 technology index plunged 33% in 2022, but historical data going back to its inception in 1986 suggests it rarely falls two years in a row. In fact, it only happened on one occasion and that was during the dot-com tech bust from 2000 to 2002. True to...
Survey underscores strong intent to leverage advancements in technology like AI/ML while continuing investment in cybersecurity to protect small businesses and their customers DigitalOcean Holdings, Inc. (NYSE: DOCN), the cloud for small-to-medium businesses (SMBs) and startups, tod...
2023-11-09 05:46:00 ET Small- and midsized business cloud computing infrastructure provider DigitalOcean (NYSE: DOCN) has been on one wild ride this year. Shares rallied the first half of the year, but investors started selling en masse again and erased all of those gains in recent ...
2023-11-08 08:25:52 ET The U.S. stock market responded favorably to the Federal Reserve's decision to maintain the benchmark interest rate within the 5.25% to 5.5% target range. In the following press conference, Federal Reserve chair Jerome Powell also suggested the possibility of the cent...
2023-11-08 06:28:00 ET Cloud computing providers big and small are facing a tougher environment compared to a few years ago. As economic uncertainty ramps up, companies are less eager to expand spending as they try to keep a lid on costs. Industry giant Amazon Web Services (AWS), for ex...
2023-11-07 13:14:54 ET After an impressive run-up to start the year, the major market indexes have been taking a breather as investors have stepped back to assess the ongoing economic recovery. The Federal Reserve Bank has paused its campaign of interest rate hikes in the face of evidence t...
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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...