DigitalOcean Holdings, Inc. (NASDAQ:DOCN – Get Free Report) has earned an average rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The […]
DigitalOcean Holdings, Inc. (NYSE:DOCN) Q4 2023 Earnings Call Transcript February 21, 2024 DigitalOcean Holdings, Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Ladies and gentlemen, good afternoon. My name is Abby and I will be your conference operator today. […]
Shares of cloud computing provider DigitalOcean (NYSE: DOCN) jumped 14.6% in the pre-market session after the company reported fourth quarter results and delivered very solid free cash flow. Its revenue narrowly outperformed Wall Street's estimates while EPS beat by a more convincing margin. On the other hand, gross margin decreased. Looking ahead, revenue guidance for the next quarter and full year came in roughly in line with expectations. Having experienced macro challenges in 2023, managemen
DigitalOcean (NASDAQ:DOCN – Get Free Report) had its price target hoisted by Piper Sandler from $35.00 to $38.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Piper Sandler’s target price points to a potential downside of 0.39% from the stock’s […]