DigitalOcean Holdings Aktie News

The sell-off offers long-term investors an attractive entry into this exciting growth stock.

NEW YORK--(BUSINESS WIRE)--DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, today announced the next evolution of App Platform, a fully managed platform-as-a-service (PAAS) solution designed to streamline the entire application lifecycle. With enhanced value, autoscaling capabilities, and a revamped experience, App Platform ...

DigitalOcean's AI-focused cloud computing offerings are gaining traction. The company's growth is expected to accelerate over the next couple of years.

The cloud is where the majority of artificial intelligence (AI) development is happening right now. Giants like Amazon, Microsoft, and Alphabet dominate the cloud computing industry.

The cloud company currently trades at valuations that aren't so lofty. That's the take of one analyst, who recently raised his price target on the shares.

DigitalOcean's growth has slowed as customers pull back on spending. But it should should accelerate as the company adds higher-value services and invests in artificial intelligence.

DigitalOcean Holdings, Inc. (NYSE:DOCN ) Q1 2024 Earnings Call Transcript May 10, 2024 8:00 AM ET Company Participants Rob Bradley - VP of IR Paddy Srinivasan - CEO Matt Steinfort - CFO Conference Call Participants Raimo Lenschow - Barclays Pinjalim Bora - JPMorgan Kingsley Crane - Canaccord Josh Baer - Morgan Stanley Tim Horan - Oppenheimer Mike Cikos - Needham James Fish - Piper Sandler Opera...

For the full-year, the company expects revenue of $760 to $775 million, narrowing the lower end of the range from $755 million.