DOCN Stock Recent News

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud, announced today that it will report financial results for the third quarter ended September 30, 2024 before the market opens on Monday, November 4, 2024. The company will also hold a conference call on the same day at 8:00 a.m. (ET) / 5:00 a.m. (PT) to discuss its financial results and financial outlook with the investment community. Investors and analysts can pre-register for the webcast at https:.

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.

The 'Undercovered' Dozen series highlights 12 undercovered stocks, providing investment ideas and sparking community discussion on their potential. Zach Bristow argues that Sylvamo Corporation offers a compelling risk/reward opportunity with reasonable valuations, shareholder-oriented management, and potential valuations up to $200/share. NuScale Power Corporation faces skepticism, according to George Theodosi, due to overhype and lack of US SMR projects, despite global interest in nuclear energy.

DigitalOcean's financial performance is consistently improving, making it a strong long-term play for growth investors despite current stock price resistance at $40. The company's scalable business model and increasing ARPU and NDR indicate robust growth potential and effective customer retention strategies. DOCN's valuation is attractive, with a target price of $61 per share, reflecting a 68% upside based on DCF modeling and industry growth projections.

After reaching an important support level, DigitalOcean Holdings, Inc. (DOCN) could be a good stock pick from a technical perspective. DOCN surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.

Shares of DigitalOcean and Paycom are each down about 70%. DigitalOcean is innovating faster under a new CEO.

DigitalOcean beat expectations and raised its full-year guidance. Its AI-focused cloud computing offerings witnessed massive growth.

DigitalOcean provides simplified cloud solutions for small to medium-size enterprises. Don't let this lead you to believe that the company is a laggard on innovation.

DigitalOcean's (DOCN) strong prospects, driven by an expanding AI and ML product portfolio, make it an attractive pick for growth-oriented investors.

DigitalOcean Holdings specializes in meeting the cloud computing needs of small and medium-sized businesses. This sliver of the cloud computing market is likely to grow at a healthy pace for years to come.