Profile
Sector:
TechnologyIndustry:
Software InfrastructureCountry:
United StatesIPO:
24 March 2021Website:
http://www.digitalocean.comNext earnings report:
21 February 2025Last dividends:
N/ANext dividends:
N/APrice
pre-market | 40 min agoDividend
Analysts recommendations
Institutional Ownership
DOCN Latest News
Investors looking to buy a potential AI winner trading at a reasonable valuation should consider taking a closer look at this company.
Mid-cap company DigitalOcean is competing against Microsoft Azure, Amazon Web Services, and Google Cloud.
It's an odd reaction from investors considering the relatively strong numbers it just reported.
DigitalOcean Holdings, Inc. (NYSE:DOCN ) Q3 2024 Earnings Conference Call November 4, 2024 8:00 AM ET Company Participants Melanie Strate - Head, Investor Relations Paddy Srinivasan - Chief Executive Officer Matt Steinfort - Chief Financial Officer Conference Call Participants Raimo Lenschow - Barclays Mike Cikos - Needham James Fish - Piper Sandler Gabriela Borges - Goldman Sachs Jeff Hickey - UBS Josh Baer - Morgan Stanley Pinjalim Bora - JPMorgan Operator Thank you for standing by, and welcome to the DigitalOcean Third Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise.
DigitalOcean Holdings, Inc. (DOCN) came out with quarterly earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.44 per share a year ago.
Many investors are focused on artificial intelligence (AI) powerhouses like Nvidia, Microsoft, and Amazon, but AI opportunities also exist at the smaller end of the stock market.
DigitalOcean Holdings Inc. DOCN is a cloud infrastructure on-demand provider that enables enterprises and developers to construct, develop, deploy, and scale applications in an affordable and scalable manner. It's instrumental for companies undergoing digital transformation and migrating to the cloud or getting started with cloud computing.
DigitalOcean (DOCN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
DigitalOcean Holdings Inc. NYSE: DOCN is a cloud infrastructure on-demand provider that enables enterprises and developers to construct, develop, deploy, and scale applications in an affordable and scalable manner. It's instrumental for companies undergoing digital transformation and migrating to the cloud or getting started with cloud computing.
Micron Technology supplies memory chips for AI workloads, and Nvidia is one of its data center customers. DigitalOcean is building an AI cloud services platform specifically for small and mid-sized businesses.
What type of business is DigitalOcean Holdings?
DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. The company's platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and growing digital businesses. It also offers infrastructure-as-a-service (IaaS) solutions comprising compute and storage services, as well as networking projects, including Cloud Firewalls software, Managed Load Balancers software, and Virtual Private Cloud (VPC). The company also provides platform-as-a-service (PaaS) solutions, such as managed databases; managed Kubernetes and container registry; application platform to build, deploy, and scale applications; Functions, a serverless compute solution; and Uptime for real-time uptime and latency alerts, as well as software-as-a-service (SaaS), including managed hosting and DigitalOcean Marketplace, a platform where developers can find pre-configured applications and solutions. In addition, it offers artificial intelligence (AI)/machine learning (ML) applications comprising GPU virtual machines for scaling AI applications; Notebooks, a simple cloud workspace that runs on GPUs that provides a managed interactive development environment for exploring data, and training and building machine learning models; and Deployments for deploying their machine learning model as an API endpoint. The company's customers include software engineers, researchers, data scientists, system administrators, students, and hobbyists. Its customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and AI/ML applications. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.
What sector is DigitalOcean Holdings in?
DigitalOcean Holdings is in the Technology sector
What industry is DigitalOcean Holdings in?
DigitalOcean Holdings is in the Software Infrastructure industry
What country is DigitalOcean Holdings from?
DigitalOcean Holdings is headquartered in United States
When did DigitalOcean Holdings go public?
DigitalOcean Holdings initial public offering (IPO) was on 24 March 2021
What is DigitalOcean Holdings website?
https://www.digitalocean.com
Is DigitalOcean Holdings in the S&P 500?
No, DigitalOcean Holdings is not included in the S&P 500 index
Is DigitalOcean Holdings in the NASDAQ 100?
No, DigitalOcean Holdings is not included in the NASDAQ 100 index
Is DigitalOcean Holdings in the Dow Jones?
No, DigitalOcean Holdings is not included in the Dow Jones index
When was DigitalOcean Holdings the previous earnings report?
No data
When does DigitalOcean Holdings earnings report?
The next expected earnings date for DigitalOcean Holdings is 21 February 2025