DOCN Stock Recent News

If you're like most investors, you're already familiar with the big three cloud service providers -- Amazon, Microsoft, and Alphabet. Many of the world's largest online businesses run on these three platforms, but most small to medium-sized businesses (SMBs) can't justify their cost.

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DigitalOcean (DOCN -0.76%) is a provider of cloud computing services, similar to Microsoft Azure and Amazon Web Services, except it mostly caters to small and mid-size businesses (SMBs).

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BROOMFIELD, Colo.--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (“DigitalOcean”) (NYSE: DOCN), today announced the closing of its previously announced offering of $625 million aggregate principal amount of 0.00% convertible senior notes due 2030, including the full exercise of the initial purchasers' option to purchase an additional $75 million aggregate principal amount of the notes. DigitalOcean estimates that the total net proceeds from the offering are approximately $605.6 million, after de.

BROOMFIELD, Colo.--(BUSINESS WIRE)--DigitalOcean Announces General Availability of Cloudways Copilot, To Help Customers Reduce Server Issue Resolution Time.

DigitalOcean (DOCN -10.62%), a cloud computing platform that pitches itself as a simpler alternative to Amazon Web Services and Microsoft Azure, is rapidly scaling up its artificial intelligence (AI) ambitions. The company acquired AI start-up Paperspace in mid-2023 to get its foot in the door.

BROOMFIELD, Colo.--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (“DigitalOcean”) (NYSE: DOCN), today announced the pricing of $550 million aggregate principal amount of 0.00% convertible senior notes due 2030 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the Offering was increased from the previously announced offe.

A darling of a tech stock last week, DigitalOcean (DOCN -10.62%) was looking rather wet on Monday. On news that the company is to launch a new round of capital raising, investors eagerly traded out of the cloud computing specialist's equity to leave it with an almost 11% loss on the day.

DigitalOcean (DOCN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).