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 |
|---|---|---|---|
| 1/24/2025 | $45.00 | Buy | Citigroup |
| 1/17/2025 | $39.00 | Neutral | Cantor Fitzgerald |
| 1/16/2025 | $40.00 → $41.00 | Equal-Weight → Overweight | Morgan Stanley |
| 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 |
Citigroup initiated coverage of DigitalOcean with a rating of Buy and set a new price target of $45.00
Cantor Fitzgerald initiated coverage of DigitalOcean with a rating of Neutral and set a new price target of $39.00
Morgan Stanley upgraded DigitalOcean from Equal-Weight to Overweight and set a new price target of $41.00 from $40.00 previously
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
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GPU Droplets support inference and complex AI workloads DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced that NVIDIA RTX 4000 Ada Generation, NVIDIA RTX 6000 Ada Generation, and NVIDIA L40S GPUs are generally available to customers as DigitalOcean GPU Droplets. These newly available GPU Droplets bring NVIDIA's powerful accelerated computing platform with best-in-class graphics and media acceleration to DigitalOcean's platform, and complement existing NVIDIA H100 GPU Droplets and H200 Bare Metal GPUs. By expanding access to NVIDIA GPUs at multiple price points, DigitalOcean GPU Droplets help reduce the barriers to AI adopt
Q1 2025 Revenue of $211 million, up 14% year-over-year Q1 2025 Net Income was $38 million, up 170% year-over-year, at 18% margin and Adjusted EBITDA was $86 million, up 16% year-over-year, at 41% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced results for its first quarter ended March 31, 2025. "The momentum we generated in 2024 in both core cloud and AI continued into Q1, as we grew total revenue 14% year-over-year, our highest quarterly growth rate since Q3 2023, with AI ARR continuing to grow north of 160% year-over-year, and we delivered more than 50 new product features, over 5 times as many as we delivered
Enables digital native enterprises to help reduce database load, improve response times, and optimize resource usage effortlessly DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced the general availability of DigitalOcean Managed Caching for Valkey, a high-performance caching solution designed to help enhance application speed and scalability. This new offering will replace the current Managed Caching offering, and expand upon its capabilities with exciting new developer tools, including enhanced multi-threading capabilities, dual-channel replication, and new dictionary structure with experimental RDMA support. Managed Cach
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, announced today that it will report financial results for the first quarter ended March 31, 2025 before the market opens on Tuesday, May 6, 2025. The company will also hold a conference call on the same day at 8 a.m. ET / 5 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/492751082. 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 w
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for growing tech companies, will host its Investor Day in New York on April 4, 2025. This event was first announced on Feb. 5, 2025. The live webcast will start at 9 a.m. ET, and can be found at https://investors.digitalocean.com. Presentations will be given by DigitalOcean Chief Executive Officer Paddy Srinivasan and select members of DigitalOcean's leadership team. During the event, presentations will provide an in-depth presentation of DigitalOcean's strategic vision, growth levers, and financial outlook. Attendance in person is by invitation only. For in-person attendance requests, please contact investors@digitaloce
New connectivity solution is designed to simplify multi-cloud and hybrid cloud networking, helping to enhance performance and security options for businesses DigitalOcean Holdings Inc (NYSE:DOCN), the simplest scalable cloud for growing businesses, today announced the general availability of DigitalOcean Partner Network Connect, designed to be a secure, high-performance connectivity solution to simplify multi-cloud and hybrid-cloud networking. The service enables businesses to establish private, secure connections between DigitalOcean and other cloud providers or private clouds, bypassing the public internet for improved security, predictable latency, and optimized network performance. Di
Enhanced platform helps eliminate barriers to scale Kubernetes, while allowing businesses to realize greater simplicity and cost-efficiency DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for growing tech companies, today announced a major evolution of its DigitalOcean Kubernetes Service (DOKS). This release provides customers effortless scaling up to 1,000 nodes for simplified growth, streamlined and secure networking for easier cloud integration, optimized network routing for faster performance & lower latency, and fully-managed networking tools that significantly reduce operational overhead. DOKS offers a simple, 1-click experience for cluster creation with optimiz
Q4 2024 Revenue of $205 million, up 13% year-over-year; Full year 2024 revenue of $781 million, up 13% year-over-year 2024 Net Income was $84 million, up 335% year-over-year, at 11% margin and Adjusted EBITDA was $328 million, up 19% year-over-year, at 42% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for growing tech companies, today announced results for its fourth quarter and fiscal year ended December 31, 2024. "We are entering 2025 with increasing momentum - in Q4 alone, we released more than four times as many products and features than we did in Q4 of the prior year, increased net dollar retention to 99%, grew revenue 13% year-over-year and deliver
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for growing tech companies, announced today that it will host an Investor Day in New York on April 4, 2025. Presentations will be given by DigitalOcean Chief Executive Officer Paddy Srinivasan and select members of DigitalOcean's management team. Attendance in person is by invitation only. For in person attendance requests, please contact [email protected] for more information as space is limited. Presentations are expected to begin at 9:00 a.m. ET and conclude by 12:00 p.m. ET. A live video webcast will be made available to the public. Investors and analysts can pre-register for the webcast at https://app.web
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for growing tech companies, announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2024 before the market opens on Tuesday, February 25, 2025. 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/858828391. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://inve
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Q1 2025 Revenue of $211 million, up 14% year-over-year Q1 2025 Net Income was $38 million, up 170% year-over-year, at 18% margin and Adjusted EBITDA was $86 million, up 16% year-over-year, at 41% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced results for its first quarter ended March 31, 2025. "The momentum we generated in 2024 in both core cloud and AI continued into Q1, as we grew total revenue 14% year-over-year, our highest quarterly growth rate since Q3 2023, with AI ARR continuing to grow north of 160% year-over-year, and we delivered more than 50 new product features, over 5 times as many as we delivered
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, announced today that it will report financial results for the first quarter ended March 31, 2025 before the market opens on Tuesday, May 6, 2025. The company will also hold a conference call on the same day at 8 a.m. ET / 5 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/492751082. 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 w
Q4 2024 Revenue of $205 million, up 13% year-over-year; Full year 2024 revenue of $781 million, up 13% year-over-year 2024 Net Income was $84 million, up 335% year-over-year, at 11% margin and Adjusted EBITDA was $328 million, up 19% year-over-year, at 42% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for growing tech companies, today announced results for its fourth quarter and fiscal year ended December 31, 2024. "We are entering 2025 with increasing momentum - in Q4 alone, we released more than four times as many products and features than we did in Q4 of the prior year, increased net dollar retention to 99%, grew revenue 13% year-over-year and deliver
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for growing tech companies, announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2024 before the market opens on Tuesday, February 25, 2025. 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/858828391. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://inve
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
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DigitalOcean debuts vision for future of cloud, AI for digital-native businesses DigitalOcean, the simplest scalable cloud for growing tech companies, today kicked off its Deploy 25 customer conference in Austin, Texas bringing together the most passionate community of builders to share best practices, network, and experience DigitalOcean's vision for the future of cloud computing and AI. The event features keynote presentations from DigitalOcean leadership and customers, the unveiling of new innovations in cloud and AI, as well as opportunities to learn from the rest of the DigitalOcean community. "2024 was another monumental year for DigitalOcean, featuring groundbreaking product inno
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