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$35.00PE Ratio
41.18Annual ROE
-6.19%Beta
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Nov 04, 2024Recent annual earnings:
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A new year is right around the corner, so this is a great time for investors to look at new opportunities. Artificial intelligence (AI) is arguably the most powerful theme in the stock market right now, and that's likely to continue in 2025.
Many investors look toward the tech sector for potential millionaire-maker stocks. But for every stock like Nvidia which minted new millionaires, there are plenty of stocks like Intel which shriveled over the past decade.
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.
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