UBS initiated coverage on DigitalOcean with a new price target
$DOCN
Computer Software: Programming Data Processing
Technology
UBS initiated coverage of DigitalOcean with a rating of Neutral and set a new price target of $40.00
Save time and jump to the most important pieces.
| 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 |
SC 13G - DigitalOcean Holdings, Inc. (0001582961) (Subject)
SC 13G/A - DigitalOcean Holdings, Inc. (0001582961) (Subject)
SC 13G/A - DigitalOcean Holdings, Inc. (0001582961) (Subject)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
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
10-Q - DigitalOcean Holdings, Inc. (0001582961) (Filer)
8-K - DigitalOcean Holdings, Inc. (0001582961) (Filer)
10-Q - DigitalOcean Holdings, Inc. (0001582961) (Filer)
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
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
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.
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