I have no business relationship with any company whose stock is mentioned in this article. Have Watchlists? During market hours, the real-time Cboe BZX price displays and new trade updates are updated on the page (as indicated by a "flash"). DigitalOcean started at neutral with $31 stock price target at Credit Suisse, Digital Ocean Earnings Raise More Big Questions About the Cloud, DigitalOcean Catches a Double Downgrade on Recession Worries, DigitalOcean Stock Rallies on Strong Growth in Cloud Services for the Little Guy. Read More. Terms of Service | Privacy Policy, Create FREE account to see full DOCN report. Dr. Judy Brown travels across the globe with a prophetic word for the masses. This WebWhat this means: InvestorsObserver gives Digitalocean Holdings Inc (DOCN) an overall rank of 43, which is below average. Be watchful of a trend reversal. Visit a quote page and your recently viewed tickers will be displayed here. The market capitalization, commonly called market cap, is the total market value of a publicly traded company's DigitalOcean is growing faster than Amazon, Microsoft, and Alphabet in the lucrative cloud industry. Intraday data delayed at least 15 minutes or per exchange requirements. Try a 7-Day Free Trial to check it out. DigitalOcean Holdings Inc (DOCN) 39.15 +2.35 ( +6.39%) USD | NYSE | May 31, 16:00 Switch to: Reports Actions More DigitalOcean Holdings Shares Outstanding: 88.81M Dr. Judy is a Prophet, Pastor and Life Coach. Among the largest hedge funds holding DigitalOcean Holdingss share is Fisher Asset Management LLC. What was DigitalOcean Holdingss price range in the past 12 months? For the best MarketWatch.com experience, please update to a modern browser. If you require comprehensive real-time bids/asks/quotes, we offer a no-risk trial to one of our real-time products. Start Free Trial. Does DigitalOcean Holdings pay dividends? Create a list of the investments you want to track. DigitalOcean's growth is holding up better than that of the market leader. And Allspring Global Investments LLC has lifted its position by Volume always reflects consolidated markets. View the latest top stories from the Associated Press or Canadian Press (based on your Market selection). Stocks Telegraph is not liable for any loss or damage that may occur as a result of reliance on this data. If you have an ad-blocker enabled you may be blocked from proceeding. I provide a hand-holding service. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Log in to see them here or sign up to get started. Note: The Cboe BZX Exchange currently accounts for approximately 11-12% of all U.S. equity trading each day. DigitalOcean Holdings reported an EPS of $0.28 in its last earnings report, missing expectations of $0.289. This metric excludes the company's treasury shares. She is also the author of several books, including Seven Keys to Living in Victory, I am My Beloveds and The Cup Bearer. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Others are great buys. Intraday Data provided by FACTSET and subject to terms of use. 2023 Barchart.com, Inc. All Rights Reserved. Stocks Telegraph does not provide any advice or recommendations for buying or selling stocks, securities, or other financial products. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. There are some positive and negative considerations. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. DigitalOcean Holdings has 88,812,515 shares outstanding. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. DigitalOcean Holdings Inc is one of the leading cloud computing platforms offeringon-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. Data may be intentionally delayed pursuant to supplier requirements. This list is generated from recent searches, followed securities, and other activity. It is typically expressed as a percentage of the total number of shares outstanding and is reported on a monthly basis. For US and Canadian Stocks, the Overview page includes key statistics on the stock's fundamentals, with a link to see more. Real-time prices are available during market hours (9:30 AM to 4:00 PM EST). This small cloud platform has cooled from its recent rally, but plenty of positive progress is still being made. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Does this company have a path to market-beating returns? Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. EPS -$0.43. Should Investors Worry About DigitalOcean Holdings Inc's Insider Sells? I am not receiving compensation for it (other than from Seeking Alpha). WebIn depth view into DigitalOcean Holdings Percent of Shares Outstanding Short including historical data from 2021, charts and stats. In the first instance, we can see that DigitalOcean's consensus revenue beats have in the past 5 quarters been on average razor-thin. For comparison purposes, find information on other symbols contained in the same sector. Please add some widgets by going to. Market cap $2.87B. No cash balance or cash flow is included in the calculation. A combination of recent performance, future opportunity, and attractive valuations makes these stocks compelling right now. These 3 Are Great Buys, 3 Cloud Computing Stocks to Buy for Sky-High Returns, Zoom (ZM) Q1 Earnings Beat, Customer Growth Drives Revenues, Carrier (CARR) Boosts Refrigeration Segment With New Products, 3 Super Stocks Down 70% to 88% You'll Wish You'd Bought on the Dip, Applied Materials (AMAT) Q2 Earnings & Sales Beat, Rise Y/Y, Carrier (CARR) Strengthens HVAC Offerings With i-Vu Pro Launch, Carrier (CARR) Boosts BluEdge With TRU Battery Protection, OptionsSwing Founder's Top Stock Picks: Jason Lee Reveals Key Tech Companies To Watch In The Remote Work Era. While in the current year, DigitalOcean's revenue growth rates are pointing towards no more than mid-20s% CAGR. Digital Ocean Shares Sink as Analysts Pick Up Coverage, This Magnificent Growth Stock Could Jump Another 71%, and It Is a Bargain Right Now, Garmin (GRMN) Enhances Navionics Platinum+ With Relief Shading, Looking for Tech Stocks? However, there are concerns too about DigitalOcean's slowing revenue growth rates, which have dropped from over 30% to mid-20s% CAGR. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Even though management didn't increase its free cash flow guidance for 2023, I now believe that once the restructuring costs from its recent acquisition of Cloudways get into the rearview mirror, there are even more synergies to surface. Copyright 2019 FactSet Research Systems Inc. All rights reserved. What's more, the evidence backing my assertion for improving free cash flows can be found in management's commentary on the earnings call: For the full year 2023, free cash flow will increase as a result of our improved profit margin and lower capital expenditures, driving 21% to 22% free cash flow margin. That being said, given that DigitalOcean Holdings, Inc.'s outlook for Q4 2023 points to 30% adjusted free cash flow margins, this means a meaningful ramp-up from the present 21% free cash flow in Q1 2023. A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. Shares of cloud computing infrastructure provider DigitalOcean (DOCN 1.28%) have surged 44% so far in 2023 thanks to the consistently solid growth the company Per share. The TipRanks Smart Score performance is based on backtested results. Market Cap History Export View and export this data all the way back to 2021 . Investors looking to buy growth that isn't too expensive should take a closer look at cloud player DigitalOcean. This browser is no longer supported at MarketWatch. WebShares outstanding can be defined as the number of shares held by shareholders (including insiders) assuming conversion of all convertible debt, securities, warrants and options. All quotes are in local exchange time. U.S. economy still going strong, Tesla stock climbs toward longest win streak in 4 months, Dell stock pulls back after forecast suggests record sales decline will continue, PagerDutys stock dives 17% on tepid annual revenue guidance amid an uncertain economy, Lululemon stock jumps on sales forecast, as Chinas reopening helps results, Traders price in increased risk of June Fed rate hike after May jobs data, Lululemon, U Power stocks jump but SentinelOne plummets by a third, and other big movers, Broadcom stock shows volatility as analysts question AIs more than 25% boost to chip revenue, DigitalOcean stock price target cut to $28 from $42 at Stifel Nicolaus, DigitalOcean stock price target cut to $27 from $50 at J.P. Morgan, DigitalOcean downgraded to neutral from overweight at J.P. Morgan, DigitalOcean downgraded to sector weight from overweight at KeyBanc Capital, DigitalOcean downgraded to underweight from equal weight at Morgan Stanley, Digital Ocean stock price target cut to $80 from $96 at Oppenheimer, DigitalOcean stock price target cut to $54 from $69 at KeyBanc Capital, DigitalOcean stock price target cut to $96 from $130 at Oppenheimer, DigitalOcean stock price target raised to $145 from $114 at BofA Securities, DigitalOcean stock price target raised to $106 from $67 at KeyBanc Capital, DigitalOcean stock price target raised to $100 from $70 at Oppenheimer, DigitalOcean started at overweight with $50 stock price target at J.P. Morgan, DigitalOcean downgraded to perform from outperform at Oppenheimer. The institutional investor has increased its shareholding in the Technology company by 23.97% to 5.99 million shares with purchase of 1.16 million shares. Risks related to the execution of corporate activity and strategy, Get more investment ideas with TipRanks Premium, iShares Core S&P Total U.S. Stock Market ETF, Fidelity MSCI Information Technology Index ETF, Make informed decisions based on Top Analysts' activity, Get actionable alerts from top Wall Street Analysts, Find out before anyone else which stock is going to shoot up, Get powerful stock screeners & detailed portfolio analysis. But I'm not bullish either. DigitalOcean is based in New York, United States. Changes in these assumptions may have a material impact on the backtested returns presented. Cookie Notice (). Live Stream every Sunday 11- 12 pm (Facebook LIVE- JudyBrownMinistries), We don't find any widget to show. It operates through the North America, Europe, Asia, and Other geographical segments. Visit a quote page and your recently viewed tickers will be displayed here. All quotes are in local exchange time. All Rights Reserved. A rank of 44 means that 56% of stocks appear more favorable to our system. If the symbol has pre-market or post-market trades, that information will also be reflected along with the last (closing) price from the symbol's exchange. Will Cloud Strength Benefit Alibaba's (BABA) Q4 Earnings? Reported on 5/9/23. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Beware of a trend reversal. Please check your download folder. ", If the 14-Day Stochastic %K is less than 20 and the Overall Opinion is a Sell, the following displays: "The market is approaching oversold territory. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Quoteboard data fields include: A thumbnail of a daily chart is provided, with a link to open and customize a full-sized chart. WebDOCN 2.22%. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. $78.79M. Looking for a helping hand in the market? We are all working together to compound returns. In my previous analysis, I made the argument that DOCN's capital allocation decisions left a lot to be desired. Following the earnings report the stock price went up 0.632%. Be sure to check your spelling. Digitalocean Holdings Inc is in the bottom half of stocks based What happened to DigitalOcean Holdingss price movement after its last earnings report? Which hedge fund is a major shareholder of DigitalOcean Holdings? Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Real-time prices are provided by Cboe BZX Exchange on individual U.S. equities quote pages. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. No gimmicks. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Also Trade In: Volume: 264.40K Market Cap $: Something went wrong while loading Watchlist. The Stocks Telegraph provides information and tools designed to assist investors and Wall Street players. Stock Price data may be delayed up to 15 minutes. However, the core reason why I'm upgrading DOCN to a buy is that I believe that its business model will see higher sustainable growth rates over the next several quarters, and here's why: DOCN's free cash flow margin jumped from 4% in the prior year's quarter to 16%. The institutional investor has increased its shareholding in the Technology company by 23.97% to 5.99 million shares with purchase of 1.16 million shares. DigitalOcean Holdings Inc (DOCN) For example, a price above its moving average is generally considered an upward trend or a buy. There are currently no items in this Watchlist. Unique to Barchart.com, Opinionsanalyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. U.S. economy still going strong, Tesla stock climbs toward longest win streak in 4 months, Dell stock pulls back after forecast suggests record sales decline will continue, PagerDutys stock dives 17% on tepid annual revenue guidance amid an uncertain economy, Lululemon stock jumps on sales forecast, as Chinas reopening helps results, Traders price in increased risk of June Fed rate hike after May jobs data, Lululemon, U Power stocks jump but SentinelOne plummets by a third, and other big movers, Broadcom stock shows volatility as analysts question AIs more than 25% boost to chip revenue. Beware of a trend reversal. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. The enterprise value is $3.94 billion. International stock quotes are delayed as per exchange requirements. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances, The percent of their income that a corporation pays in taxes, Investments that are relatively liquid and have maturities between 3 months and one year, The total amount of assets owned by a company, The value of subtracting the total liabilities from the total assets of a company, Total number of common shares outstanding as of the latest date disclosed in a financial filing, A ratio used to determine if a companys market value is in line with the value of its assets less liabilities and preferred stock, A financial ratio that shows a companys profitability compared to its assets, Companys return above the average cost it pays for its debt and equity capital, Net cash used or generated for core business activities, Net cash used or generated in investing activities such as purchasing assets, Net cash used or generated in financing activities such as dividend payments and loans, The amount by which a company's cash balance increases or decreases in an accounting period, Amount of cash a business has after it has met its financial obligations such as debt and outstanding payments, Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned, The range between the high and low prices over the past 52 weeks. Historical and current end-of-day data provided by FACTSET. Fiscal Q1 2023 ended 3/31/23. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Enterprise value $4.53B. These 3 Are Great Buys, 3 Super Stocks Down 70% to 88% You'll Wish You'd Bought on the Dip, 1 Growth Stock Down 74% You'll Wish You'd Bought on the Dip. WebDigitalOcean stock has barely moved since reporting. The company was founded in 2012 and is headquartered in New York, NY. Please note all regulatory considerations regarding the presentation of fees must be taken into account. Next, we'll turn to discuss some positive elements. On the one hand, it's understandable. DEEP VALUE RETURNS: The only Marketplace with real performance. Ring Gets a Downgrade. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Is this happening to you frequently? Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Average price target from 14 ratings: $39.20, Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. She has been in ministry over 30 years; and along with her husband is a Senior Pastor of New Genesis Christian Center, Inc. Brooklyn, NY. She is very prolific in delivering the message of Jesus Christ to the world, bringing people everywhere into a place of the victory God has prepared for them. Measures how much net income or profit is generated as a percentage of revenue. Subscriber Agreement & Terms of Use | WebGet the latest DigitalOcean Holdings Inc (DOCN) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and According to the data, the short interest in DigitalOcean Holdings Inc. (DOCN) stood at 8.90% of shares outstanding as of Jan 30, 2023; the number of short shares registered in Dec 29, 2022 reached 9.61 million. there are more positive aspects than negative, which now leads me to upgrade my DigitalOcean Holdings, Inc. stock rating to a buy from a hold. WebDOCN - DigitalOcean Holdings, Inc. NYSE - NYSE Delayed Price. WebDOCN stock analysis and financial data, including key statistics and ratios, valuations, historical price and financial performance of DigitalOcean Holdings. What happened to DigitalOcean Holdingss price movement after its last earnings report? Some beaten-down stocks are best left alone. DPRO 4.73%. Portfolio results are unaudited and based on varying investment expiration dates. Copyright 2023. Barchart is committed to ensuring digital accessibility for individuals with disabilities. DigitalOcean Holdings lowest stock price was $23.38 and its highest was $53.88 in the past 12 months. It operates through the North America, Europe, Asia, and Other geographical segments. As a result, the real-time prices displayed may have minor discrepancies when comparing the information with other sites offering real-time data, or with brokerage firms. The estimated number of people who visited one or more of the websites owned by DigitalOcean Holdings. Case in point, last year, DigitalOcean could be counted on for plus 30% CAGR. WebShares Outstanding: Common shares outstanding as reported by the company on the 10-Q or 10-K. In comparison to the median Technology stock, DOCN's price/sales ratio is 129.17% higher, now standing at 5.5. Buy NICE Instead, Analyst Says. DigitalOcean helps developers, startups and small and medium-sized businesses rapidly build, deploy and scale applications to accelerate innovation and increase productivity and agility. We are continuously working to improve our web experience, and encourage users to. (Emphasis added.). View the latest DOCN financial statements, income statements and financial ratios. Shares Outstanding: 88.81M: EPS (TTM)-$0.43: P/E Ratio (TTM)N/A: Dividend Yield: N/A: Latest Dividend: N/A: Ex-Dividend Date: N/A: Beta: 2.23: Short Interest: TheQuote Overviewpage gives you a snapshot view for a specific symbol. Data reflects weightings calculated at the beginning of each month. The integration of Cloudways has contributed to growth and is expected to generate improved free cash flow. Click the "See More" link to see the full Performance Report page with expanded historical information. For the best MarketWatch.com experience, please update to a modern browser. Annual Sales : The annual sales, expressed in millions of dollars. Is DigitalOcean the Best Cloud Stock to Buy for 2023? Please check your download folder. Historical and current end-of-day data provided by FACTSET. I wrote this article myself, and it expresses my own opinions. Insider Alert: An Insider Just Sold DigitalOcean Holdings Inc Shares. And we expect free cash flow margin to approach 30% by the fourth quarter. High-quality, actionable insightful stock picks. Block's (SQ) Square Expands Its Offerings for Restaurants, Jack Henry's (JKHY) Client Base to Get a Boost With FedNow, 1 Growth Stock Down 74% You'll Wish You'd Bought on the Dip, Semtech's (SMTC) New Deal Boosts LoRa Technology Adoption. Fundamental data provided by Zacks and Morningstar. cloud platform offering on-demand computing for startups and small and medium-sized businesses, or SMBs. This browser is no longer supported at MarketWatch. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Represents the company's profit divided by the outstanding shares of its common stock. DOCN $36.00 Digitalocean Holdings $1.71 4.99% Earnings Details 1st Quarter March 2023 Tuesday, May 9, 2023 7:00:00 AM Tweet Share Watch Summary Digitalocean Holdings Misses Digitalocean Holdings (DOCN) reported 1st Quarter March 2023 earnings of $0.26 per share on revenue of $165.1 million. Using Trendseeker to find three stocks investors are buying today. Intraday Data provided by FACTSET and subject to terms of use. Shares Outstanding (Diluted Average) explanatio More specifically, I articulated that DigitalOcean was buying back its shares, but that this wasn't bringing down its total number of shares outstanding. It operates through the North America, Europe, DigitalOcean Holdings Inc. WebShares Outstanding, K 107,340 Annual Sales, $ 318,380 K Annual Income, $ -43,570 K 60-Month Beta N/A Price/Sales 26.49 Price/Cash Flow N/A Price/Book 9.19 Trade DOCN with: Price/Earnings ttm 0.00 Earnings Per Share ttm -0.02 Most Recent Earnings -0.02 on 08/05/21 Next Earnings Date N/A Annual Dividend & Yield 0.00 (0.00%) The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. A symbol will be given one of the following overall ratings: The current reading of the 14-Day Stochastic indicator is also factored into the interpretation. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. DigitalOcean Holdings released its earnings results on May 09, 2023. [[ data.eventTime | date: 'EEE, MMM dd, yyyy h:mm a' ]] [[ zone ]], Simplify Your Screening With the Power of Trendseeker, This Magnificent Growth Stock Could Jump Another 71%, and It Is a Bargain Right Now, Looking for Tech Stocks? TipRanks is a comprehensive research tool that helps investors make better, data-driven investment decisions. Free Barchart Webinars! WebView the latest DigitalOcean Holdings Inc. (DOCN) stock price, news, historical charts, analyst ratings and financial information from WSJ. WebMarket capitalization of DigitalOcean (DOCN) Market cap: $3.47 Billion As of June 2023 DigitalOcean has a market cap of $3.47 Billion.This makes DigitalOcean the world's 2953th most valuable company by market cap according to our data. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. It holds DigitalOcean Holdingss shares valued at 12M. Source: FactSet. Free cash flow per share $0.9. This file may have been moved or deleted. During the earnings call, we heard an update on its integration of Cloudways and how Cloudways managed hosting capabilities are performing well and have contributed to growth. ", If the 14-Day Stochastic %K is greater than 80 and the Overall Opinion is a Buy, the following displays: "The market is approaching overbought territory. Call 1-866-796-7386 Home; Stock Screener; Stock Ratings; Stock Portfolios; Pricing; Help; About Us How many shares outstanding does DigitalOcean Holdings have? The Vanguard Group, Inc. recently announced the acquisition of new stake in DigitalOcean Holdings Inc. (NYSE:DOCN). How were DigitalOcean Holdingss earnings last quarter? DigitalOcean Holdings reported an With that context in mind, consider the full-year guidance that DOCN provided together with its Q4 2022 results: And now, consider DOCN's recently updated outlook provided together with its Q1 2023 results: Clearly, this outlook points to a significant improvement. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. Unlimited Watchlists, Portfolios, Screeners, and other Barchart tools. Free cash flow $86.46M. , Key events shows relevant news articles on days with large price movements, DigitalOcean Holdings: Improving Prospects (Rating Upgrade) (NYSE:DOCN). Privacy Notice | Extraordinaries & Discontinued Operations, Jobs report shows big 339,000 gain in May. DigitalOcean Just Made a Major Change to Its 2023 Guidance and Most Investors Didn't Even Notice, This Cloud Computing Stock Is Growing Faster Than AWS, Do Not Sell or Share My Personal Information, If the 14-Day Stochastic %K is greater than 90 and the Overall Opinion is a Buy, the following displays: "The market is in highly overbought territory. 5/17/2023 - Zacks Investment Research Block's (SQ) Square Expands Its Offerings for Restaurants 5/17/2023 - Zacks Investment Research The one-year earnings decline has likely contributed toDigitalOcean Holdings' (NYSE:DOCN) shareholders losses of 13% over that period
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