DigitalOcean Holdings, Inc. operates a cloud computing platform that offers infrastructure and platform tools for developers, start-ups, and small and medium-sized businesses in North America, Europe, Asia, and internationally. It offers infrastructure solutions across compute, storage, and networking fields, as well as managed application, container, and database offerings to developers. The company's users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. Its customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and others. The company was incorporated in 2012 and is headquartered in New York, New York.
IPO Year: 2021
Exchange: NYSE
Website: digitalocean.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/22/2024 | $40.00 | Neutral | UBS |
| 11/21/2023 | $37.00 | Perform → Outperform | Oppenheimer |
| 11/7/2023 | $33.00 | Sell → Buy | Goldman |
| 10/23/2023 | $30.00 → $22.00 | Underweight → Neutral | Piper Sandler |
| 9/8/2023 | $47.00 → $25.00 | Buy → Underperform | BofA Securities |
| 8/11/2023 | $127.00 → $103.00 | Underweight → Equal-Weight | Morgan Stanley |
| 6/22/2023 | $35.00 | Neutral → Underweight | Piper Sandler |
| 4/25/2023 | Buy → Hold | Needham | |
| 3/17/2023 | Outperform → Perform | Oppenheimer | |
| 1/17/2023 | $30.00 | Overweight → Neutral | Piper Sandler |
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4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
Dedicated GPUs offer high-performance compute capabilities for advanced AI workloads DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital-native businesses, today announced the availability of DigitalOcean Bare Metal GPUs, dedicated, single-tenant infrastructure purpose-built to tackle the most demanding AI/ML workloads, model training, and custom setups. Unlike the recently-announced DigitalOcean GPU Droplets, Bare Metal GPUs are dedicated, unshared infrastructure with no neighbors, providing customers with full access to the entire GPU. This solution is ideal for customers who need direct control over their hardware for performance or other reasons, and is
Customers can now scale database storage independently, enabling cost optimizations DigitalOcean Holdings, Inc. (NYSE:DOCN), the simple scalable cloud, today introduced scalable storage for DigitalOcean's Managed MongoDB offering, giving users the ability to scale their cloud storage capacity independently of other compute requirements. This new functionality will provide customers with greater flexibility to adapt to growing data demands and fluctuating workloads, without the unnecessary expense of added compute capacity. DigitalOcean's Managed MongoDB is a fully managed database-as-a-service certified by MongoDB, built in close collaboration with MongoDB, and operated by DigitalOcean.
Revenue of $198 million, up 12% year-over-year; raising full year guidance Net Income was $33 million at 17% margin and Adjusted EBITDA was $87 million at 44% margin Continues innovation in product, releasing 42 new product features DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud, today announced results for its third quarter ended September 30, 2024. "We had a successful quarter, enabling us to raise our full year revenue guidance while still maintaining full year free cash flow margin guidance," said Paddy Srinivasan, CEO of DigitalOcean. "We continued to accelerate innovation, releasing 42 new product features across our core Cloud and AI platforms in Q3, that di
New 1-Click Models on DigitalOcean simplifies AI/ML model deployment in the cloud DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud, today announced a strategic partnership with Hugging Face, the leading open-source and open science platform that helps users build, deploy and train machine learning (ML) models. The cornerstone of this new partnership will be the newly available 1-Click Models powered by Hugging Face HUGS (Hugging Face GenAI Services), allowing users to quickly and easily deploy the most popular third party models with the simplicity of DigitalOcean GPU Droplets, and optimal performance powered by NVIDIA H100, accelerated computing. Currently, setting up
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://events.q4inc.com/attendee/240964588. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investors.digitalocean.com. A live webcast and rep
Among Industry-first offerings include pay-as-you-use virtualized GPU Droplets and Kubernetes support DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud, today announced general availability of easy-to-deploy advanced AI infrastructure, available in a pay-as-you-go model through the new DigitalOcean GPU Droplets. With the new GPU Droplets, AI developers can simply and quickly run AI experiments, train large language models, and scale AI projects - all without complex configurations or large capital investments. With these latest offerings, DigitalOcean now offers a range of flexible, high-performance GPU solutions — including on-demand virtual GPUs, managed Kubernetes, a
New offering provides robust and efficient method for managing user access DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, today announced updates to its role-based access control (RBAC), a method for managing user access to systems and resources within an organization by assigning permissions to roles rather than to individual users. Today's updates are highlighted by a new set of predefined roles that make it easier for DigitalOcean administrators to provide a customizable level of access to their individual users. With this feature release, customers can now easily access this new set of predefined roles in the Digital
Revenue of $192 million, up 13% year-over-year GAAP Net Income was $19 million and Adjusted EBITDA was $82 million at 42% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing technology businesses, today announced results for its second quarter ended June 30, 2024. "We have delivered another strong quarter of business results and exciting product announcements. In Q2 we saw revenue growth continue to re-accelerate at 13%, with AI/ML continuing to accelerate with ARR up over 200% year-over-year, and expanded our leadership team by adding a Chief Product and Technology Officer to accelerate innovation, a Chief Ecosystem and Growth Office
30 year tech industry veteran will oversee the go-to-market strategy and drive rapid growth DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, is pleased to announce the appointment of Larry D'Angelo as its new Chief Revenue Officer, effective today. In this role, D'Angelo will drive DigitalOcean's new business growth via direct sales and channel partnerships, customer success, customer support, and corporate communications. "Larry is a seasoned operator with rich experience scaling businesses, driving exceptional customer experience, and building world class organizations," said Paddy Srinivasan, CEO of DigitalOcean. "He
DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, announced today that it will report financial results for the second quarter ended June 30, 2024 after the market closes on Thursday, August 8, 2024. The company will also hold a conference call on the same day at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results and financial outlook with the investment community. Investors and analysts can pre-register for the webcast at https://events.q4inc.com/attendee/527008089. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investo
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10-Q - DigitalOcean Holdings, Inc. (0001582961) (Filer)
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UBS initiated coverage of DigitalOcean with a rating of Neutral and set a new price target of $40.00
Oppenheimer upgraded DigitalOcean from Perform to Outperform and set a new price target of $37.00
Goldman upgraded DigitalOcean from Sell to Buy and set a new price target of $33.00
Piper Sandler upgraded DigitalOcean from Underweight to Neutral and set a new price target of $22.00 from $30.00 previously
BofA Securities downgraded DigitalOcean from Buy to Underperform and set a new price target of $25.00 from $47.00 previously
Morgan Stanley upgraded DigitalOcean from Underweight to Equal-Weight and set a new price target of $103.00 from $127.00 previously
Piper Sandler downgraded DigitalOcean from Neutral to Underweight and set a new price target of $35.00
Needham downgraded DigitalOcean from Buy to Hold
Oppenheimer downgraded DigitalOcean from Outperform to Perform
Piper Sandler downgraded DigitalOcean from Overweight to Neutral and set a new price target of $30.00
Piper Sandler analyst James Fish maintains DigitalOcean Holdings (NYSE:DOCN) with a Neutral and lowers the price target from $38 to $34.
With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Helen of Troy Limited (NASDAQ:HELE) to report quarterly earnings at $1.59 per share on revenue of $445.86 million before the opening bell, according to data from Benzinga Pro. Helen of Troy shares gained 0.3% to $89.30 in the after-hours trading session. NEXGEL, Inc. (NASDAQ:NXGL) issued preliminary revenue guidance above estimates. The company said it sees third-quarter revenue of $2.2 million versus estimates of $2.091 million. It expects fourth-quarter revenue of $2.6 million versus expectations of $2.467 million. NexGel shares ju
UBS analyst Jeff Hickey initiates coverage on DigitalOcean Holdings (NYSE:DOCN) with a Neutral rating and announces Price Target of $40.
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This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume NVDA CALL SWEEP BEARISH 05/17/24 $900.00 $175.9K 15.7K 36.7K AMD PUT SWEEP BULLISH 05/17/24 $152.50 $
Canaccord Genuity analyst David Hynes maintains DigitalOcean Holdings (NYSE:DOCN) with a Buy and raises the price target from $41 to $42.
JMP Securities analyst Patrick Walravens reiterates DigitalOcean Holdings (NYSE:DOCN) with a Market Outperform and maintains $47 price target.
Needham analyst Mike Cikos reiterates DigitalOcean Holdings (NYSE:DOCN) with a Hold.
A worse-than-expected University of Michigan’s May consumer report halted stock gains on Friday, sparking worries about a potential decline in consumer health amid perceived rising price pressures. The report disclosed that both near-term and long-term inflation expectations have surged beyond projections this month, causing the broader consumer gauge to hit its lowest levels in six months. “If spending slows down and inflation increases, we'll get the opposite of the Goldilocks scenario that many were hoping for, and the Fed will be in an especially difficult position of choosing between accommodating a slowing economy and fighting increasing inflation expectations,” said Chris Zaccar
U.S. stocks were mostly higher, with the Dow Jones gaining over 100 points on Friday. Shares of Genpact Limited (NYSE:G) rose sharply during Friday's session after the company reported better-than-expected first-quarter financial results and raised its FY24 EPS range. Genpact posted adjusted earnings of 73 cents per share, beating market estimates of 68 cents per share. The company's quarterly sales came in at $1.13 billion versus expectations of $1.11 billion, according to data from Benzinga Pro. Genpact shares gained 6.8% to $34.26 on Friday. Here are some other big stocks recording gains in today's session. Novavax, Inc. (NASDAQ:NVAX) shares gained 139% to $10.73 after the
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Revenue of $198 million, up 12% year-over-year; raising full year guidance Net Income was $33 million at 17% margin and Adjusted EBITDA was $87 million at 44% margin Continues innovation in product, releasing 42 new product features DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud, today announced results for its third quarter ended September 30, 2024. "We had a successful quarter, enabling us to raise our full year revenue guidance while still maintaining full year free cash flow margin guidance," said Paddy Srinivasan, CEO of DigitalOcean. "We continued to accelerate innovation, releasing 42 new product features across our core Cloud and AI platforms in Q3, that di
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://events.q4inc.com/attendee/240964588. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investors.digitalocean.com. A live webcast and rep
Revenue of $192 million, up 13% year-over-year GAAP Net Income was $19 million and Adjusted EBITDA was $82 million at 42% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing technology businesses, today announced results for its second quarter ended June 30, 2024. "We have delivered another strong quarter of business results and exciting product announcements. In Q2 we saw revenue growth continue to re-accelerate at 13%, with AI/ML continuing to accelerate with ARR up over 200% year-over-year, and expanded our leadership team by adding a Chief Product and Technology Officer to accelerate innovation, a Chief Ecosystem and Growth Office
DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, announced today that it will report financial results for the second quarter ended June 30, 2024 after the market closes on Thursday, August 8, 2024. The company will also hold a conference call on the same day at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results and financial outlook with the investment community. Investors and analysts can pre-register for the webcast at https://events.q4inc.com/attendee/527008089. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investo
Revenue Growth Increases to 12% on Improving Core Cloud Performance and Robust AI Platform Demand Strong Profitability with Net Income Margin of 8% and Adjusted EBITDA Margin of 40% DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing technology businesses, today announced results for its first quarter ended March 31, 2024. "The first quarter was a strong start to the year as we position the company to be the leading cloud and AI platform for growing technology businesses," said Paddy Srinivasan, CEO of DigitalOcean. "Our results demonstrate the solid performance of our core cloud and the exciting potential of our AI platform." First Quarte
DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, announced today that it will report financial results for the first quarter ended March 31, 2024 before the market opens on Friday, May 10, 2024. The company will also hold a conference call on the same day at 8:00 AM ET to discuss its financial results and financial outlook with the investment community. The conference call can be accessed by dialing (800) 715-9871 with conference ID 2333660. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investors.digitalocean.com. A live webcast and
2023 Revenue Increased 20% to $693 million Full Year Operating Cash Flow of $235 million DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, today announced results for its fourth quarter and fiscal year ended December 31, 2023. "I'm excited to have joined DigitalOcean and to advance our position as a preferred platform for developers at startups and growing digital businesses, enabling them to rapidly build, deploy and scale applications that can change the world," said Paddy Srinivasan, CEO of DigitalOcean. "We will take advantage of this market opportunity by embracing product-led growth and obsessing over the develope
DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2023 after the market closes on Wednesday, February 21, 2024. The company will also hold a conference call on the same day at 4:30 PM ET to discuss its financial results and financial outlook with the investment community. The conference call can be accessed by dialing (888) 330-3637 with conference ID 7741047. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investors.digitalo
Revenue grew 16% to $177 million GAAP Net Income was $19 million and Adjusted EBITDA was $76 million Year to Date Operating Cash Flow of $154 million and Adjusted Free Cash Flow of $127 million DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for startups and SMBs, today announced results for its third quarter ended September 30, 2023. "We are encouraged by the stabilization we saw in our key revenue growth metrics in Q3, and we continued to both invest in our platform and drive further margin improvements." said Yancey Spruill, CEO of DigitalOcean. "We added several new products and features for our customers while also generating strong free cash flow." Third Quarter 2023 Fina
DigitalOcean Holdings, Inc. (NYSE:DOCN), the cloud for startups and small-to-medium-sized businesses (SMBs), announced today that it will report financial results for the third quarter ended September 30, 2023, after the market closes on Thursday, November 2, 2023. The company will also hold a conference call on the same day at 4:30 PM ET to discuss its financial results and financial outlook with the investment community. The conference call can be accessed by dialing (888) 330-3637 with conference ID 7741047. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investors.digitalocean.com. A live webcast
30 year tech industry veteran will oversee the go-to-market strategy and drive rapid growth DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, is pleased to announce the appointment of Larry D'Angelo as its new Chief Revenue Officer, effective today. In this role, D'Angelo will drive DigitalOcean's new business growth via direct sales and channel partnerships, customer success, customer support, and corporate communications. "Larry is a seasoned operator with rich experience scaling businesses, driving exceptional customer experience, and building world class organizations," said Paddy Srinivasan, CEO of DigitalOcean. "He
Wegner will strengthen DigitalOcean's position within the developer community and further fuel growth DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing technology businesses, announced today that Wade Wegner joined the company as Chief Ecosystem and Growth Officer. This unique and critical position bridges the gap between research and development and go-to-market strategy. In this executive role, Wegner will oversee Developer Relations, Marketing, Growth, and Partnerships. "Wade is a transformative technology leader who blends deep technical expertise with strategic vision," said Paddy Srinivasan, CEO DigitalOcean. "He brings robust develope
As CPTO, Saha will accelerate the Company's product strategy and development DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing technology businesses, today announced Bratin Saha has joined the company as its Chief Product and Technology Officer (CPTO). In this new executive role, Saha will lead product strategy, development, infrastructure, and security with a focus on making DOCN the best cloud for developers and growing technology businesses. Saha joins from Amazon Web Services (AWS), where he served as Vice President and General Manager of Artificial Intelligence (AI), Machine Learning (ML), and Data Infrastructure. He led the creation of
NEW YORK, April 30, 2024 /PRNewswire/ -- DigitalOcean Holdings Inc. (NYSE:DOCN) will replace Agiliti Inc. (NYSE:AGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, May 7. Thomas H. Lee Partners L.P. is acquiring Agiliti in a deal expected to be completed on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 7, 2024 S&P SmallCap 600 Addition DigitalOcean Holdings DOCN Information Technology S&P SmallCap 600 Deletion Agiliti AGTI Health Care For more information about S&P Dow Jones Indices,
Lead Investor from M13 Moves In-House to Scale Operations, Spearhead Development of Proprietary Large Action Model PINATA, the innovative TaskFlow orchestration platform for real-world work, announced today that Rob Olson had left the venture firm M13 — where he was a Partner, Head of Data Strategy, and board member to PINATA and others — to join the startup as Chief Operating Officer. "It's not every day your lead investor climbs into the trenches with you," said PINATA's CEO, Ian Ferguson. "This move is a testament to Rob's passion for data-driven SaaS, to M13's remarkable team of investors who are operators at heart, and to PINATA's massive opportunity to revolutionize real-world wor
Proven cloud technology executive appointed to lead DigitalOcean's next phase of innovation and growth DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, today announced that the Company's Board of Directors has appointed Paddy Srinivasan as the Company's new Chief Executive Officer and as a member of its Board of Directors. Srinivasan will start on February 12, 2024, and will participate in the Company's Q4 '23 Earnings call on February 21, 2024. With an impressive background in cloud technology and a successful track record of operational execution and delivering strong financial results, Srinivasan is set to steer Digital
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 07, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises DigitalOcean Holdings, Inc. ("DigitalOcean" or the "Company") (NYSE:DOCN) investors that a lawsuit filed on behalf of investors that purchased DigitalOcean securities between February 16, 2023 and August 25, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss inv
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 01, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises DigitalOcean Holdings, Inc. ("DigitalOcean" or the "Company") (NYSE:DOCN) investors that a lawsuit filed on behalf of investors that purchased DigitalOcean securities between February 16, 2023 and August 25, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss in
Board Initiates CEO Search Process Yancey Spruill to Step Down as CEO Once Successor Appointed Warren Adelman Appointed Executive Chairman of the Board of Directors DigitalOcean Holdings, Inc. (NYSE:DOCN) ("DigitalOcean" or "the Company"), the cloud for startups and SMBs, today announced its implementation of a leadership succession plan to identify the Company's next CEO. Yancey Spruill will continue to serve as Chief Executive Officer until a successor has been appointed, at which point he will step down from his role and as a member of the Board. The Board has convened a Search Committee to identify DigitalOcean's next CEO, and the search process is already underway. The Board ha