DOCN Stock Recent News

Shares of cloud computing platform DigitalOcean (DOCN -0.70%) were up 8% this week at 10:30 a.m. ET, according to data provided by S&P Global Market Intelligence.

The cloud computing industry is dominated by trillion-dollar giants like Amazon, Microsoft, and Alphabet. Those companies also took the lead in the fast-growing market for artificial intelligence (AI) cloud services, renting state-of-the-art data center infrastructure to businesses who use it to develop and deploy AI software.

Shares of DigitalOcean Holdings Inc DOCN were climbing in early trading on Wednesday after the company reported upbeat fourth-quarter results.

DigitalOcean NYSE: DOCN is a cloud computing provider focused on simplifying cloud infrastructure for small and medium-sized businesses (SMBs) and developers. DigitalOcean's stock price jumped on February 25, 2025, following the release of the company's earnings report for the fourth quarter of 2024 (Q4 2024) and its full-year 2025 guidance, both of which exceeded analyst expectations.

Editor's Note: The story has been updated to correct the company's name to DigitalOcean Holdings Inc

DigitalOcean Holdings, Inc. (NYSE:DOCN ) Q4 2024 Earnings Conference Call February 25, 2025 8:00 AM ET Company Participants Melanie Strate - Head, Investor Relations Paddy Srinivasan - Chief Executive Officer Matt Steinfort - Chief Financial Officer Conference Call Participants Josh Baer - Morgan Stanley Gabriela Borges - Goldman Sachs Mike Cikos - Needham Patrick Walravens - JMP Securities Mark Zhang - Citigroup Raimo Lenschow - Barclays Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.

DigitalOcean (DOCN 13.40%) stock surged more than 20% at the open Tuesday morning after the company delivered fourth-quarter results that beat analysts' forecasts. It remained up by 12.6% as of 10:50 a.m.

The headline numbers for DigitalOcean (DOCN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

DigitalOcean Holdings, Inc. (DOCN) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.44 per share a year ago.

DigitalOcean (DOCN -5.42%), a cloud service provider focusing on startups and small digital enterprises, reported fourth quarter 2024 earnings on Tuesday, Feb. 25, that topped analysts' consensus estimates. Adjusted EPS of $0.49 came in well ahead of the anticipated $0.34 while Q4 revenue reached $204.9 million, exceeding expectations of $200.6 million.