DigitalOcean Holdings, Inc. (DOCN): Price and Financial Metrics
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DOCN POWR Grades
- DOCN scores best on the Growth dimension, with a Growth rank ahead of 97.33% of US stocks.
- The strongest trend for DOCN is in Growth, which has been heading up over the past 177 days.
- DOCN's current lowest rank is in the Sentiment metric (where it is better than 10.37% of US stocks).
DOCN Stock Summary
- DIGITALOCEAN HOLDINGS INC's capital turnover -- a measure of revenue relative to shareholder's equity -- is better than 98.38% of US listed stocks.
- With a one year PEG ratio of 0.54, DIGITALOCEAN HOLDINGS INC is expected to have a higher PEG ratio (a measure of how expensive a stock is relative to its expected earnings growth) than only 4.96% of US stocks.
- DIGITALOCEAN HOLDINGS INC's stock had its IPO on March 24, 2021, making it an older stock than just 6.36% of US equities in our set.
- If you're looking for stocks that are quantitatively similar to DIGITALOCEAN HOLDINGS INC, a group of peers worth examining would be QNST, MODN, MDB, OLO, and VRNS.
- To check out DIGITALOCEAN HOLDINGS INC's SEC filings, go to the company's page on browse-edgar?action=getcompany&CIK=0001582961.
DOCN Valuation Summary
- In comparison to the median Technology stock, DOCN's price/earnings ratio is 550.8% lower, now standing at -112.7.
- DOCN's price/sales ratio has moved down 8.5 over the prior 21 months.
Below are key valuation metrics over time for DOCN.
DOCN Stock Price Chart Interactive Chart >
DOCN Price/Volume Stats
|Current price||$28.17||52-week high||$98.50|
|Prev. close||$28.54||52-week low||$26.00|
|Day high||$29.91||Avg. volume||1,953,342|
|50-day MA||$33.04||Dividend yield||N/A|
|200-day MA||$42.51||Market Cap||2.71B|
DigitalOcean Holdings, Inc. (DOCN) Company Bio
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.
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Below are the latest news stories about DIGITALOCEAN HOLDINGS INC that investors may wish to consider to help them evaluate DOCN as an investment opportunity.
Despite a once-in-a-century pandemic standing in the way, investors enjoyed three straight years of strong stock market returns in 2019, 2020, and 2021. But 2022 has been an entirely different story; the economic winds have shifted, and companies are grappling with high inflation and rising interest rates.
With many growth stocks trading far from their peaks, that cheer might come from the significant opportunities for bold long-term investors in 2023 and beyond. Here's what you need to know about these three stocks to buy in a bear market. Justin Pope (Roku): Roku gained some attention over the past few years as the era of streaming got underway.
DigitalOcean Holdings, Inc. (DOCN) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Five companies highlighting this divergence today are Roku (NASDAQ: ROKU), DigitalOcean (NYSE: DOCN), Olaplex (NASDAQ: OLPX), Shopify (NYSE: SHOP), and The Trade Desk (NASDAQ: TTD). Generating revenue from ad sales (on The Roku Channel and other streaming channels) and content distribution (revenue sharing from streaming apps on its platform) Roku's vital metric to watch is average revenue per user (ARPU). With traditional TV still receiving an estimated 57% of ad spending as of 2022, Roku should thrive as CTV continues rising in prominence.
When discussing cloud infrastructure companies, it's common to think about the three giants: Amazon Web Service (AWS), Microsoft Azure, and Alphabet's Google Cloud. DigitalOcean (NYSE: DOCN) is that company. It is specifically tailored to help "developers, start-ups, and small and medium-sized businesses (SMBs) rapidly build, deploy, and scale applications."
DOCN Price Returns