DigitalOcean is a cloud infrastructure provider that focuses on simplifying cloud computing for developers and businesses. By offering a range of services such as cloud hosting, virtual servers, and managed databases, DigitalOcean enables users to build, deploy, and scale applications seamlessly. The company is particularly known for its user-friendly platform, which provides intuitive tools and resources that cater to developers of all skill levels, helping them to create scalable solutions quickly and efficiently. With a strong emphasis on community support and educational resources, DigitalOcean fosters a collaborative environment for developers to enhance their skills and optimize their cloud infrastructure.
DigitalOcean currently trades at $38.70 per share and has shown little upside over the past six months, posting a middling return of 3.7%. The stock also fell short of the S&P 500’s 13.4% gain during that period.
DigitalOcean Holdings, Inc. (NYSE: DOCN), the simplest scalable cloud for digital-native businesses, today announced that Chief Executive Officer Paddy Srinivasan will participate in a fireside chat at the UBS Global Technology and AI Conference on Tuesday, December 3, 2024 at 12:35 p.m. (PT) / 3:35 p.m. (ET).
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.
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.
Shares of cloud computing provider DigitalOcean (NYSE: DOCN)
fell 16.1% in the morning session after the company reported third-quarter earnings results and provided underwhelming guidance with sales outlook for the next quarter roughly in line with analysts' estimates, while its EPS forecast missed. Also, sales came in roughly in line during the quarter, unexciting, and not enough for the market. Given the company's recent AI bets and potential in the SMB space, expectations were likely high, heading into earnings. However, the company provided some encouraging updates, announcing the early availability of its first GenAI Platform. Overall, this quarter was mixed, with the guidance weighing on shares.
Cloud computing provider DigitalOcean (NYSE: DOCN) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 12.1% year on year to $198.5 million. The company expects next quarter’s revenue to be around $200 million, close to analysts’ estimates. Its non-GAAP profit of $0.52 per share was 28.7% above analysts’ consensus estimates.
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.
Many investors are focused on artificial intelligence (AI) powerhouses like Nvidia, Microsoft, and Amazon, but AI opportunities also exist at the smaller end of the stock market.
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.
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.
DigitalOcean is poised for growth with its cloud and AI services, offering scalable, cost-effective infrastructure. Learn why it’s a strong stock to watch.
The Fed cut rates by 0.5%, making it easier for small- to medium-sized cloud computing companies to refinance debt. Analyst suggests 5 firms may benefit.
