It operates through the North America, Europe, Asia, and Other geographical segments. DOCN Buy NICE Instead, Analyst Says. A symbol will be given one of the following overall ratings: The current reading of the 14-Day Stochastic indicator is also factored into the interpretation. DigitalOcean Holdings, Inc. ( NYSE: DOCN) is an affordable and user-friendly cloud platform that allows businesses to host their applications. DigitalOcean Holdingss upcoming earnings report date is Aug 03, 2023 which is in 62 days. DigitalOcean is growing faster than Amazon, Microsoft, and Alphabet in the lucrative cloud industry. Free Barchart Webinars! DOCN A rank of 44 means that 56% of stocks appear more favorable to our system. How many shares outstanding does DigitalOcean Holdings have? There's a lot of nuance to this investment thesis. The following information will appear when the following conditions are met: Provides a general description of the business conducted by this company. No cash balance or cash flow is included in the calculation. Visit a quote page and your recently viewed tickers will be displayed here. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Unique to Barchart.com, Opinionsanalyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Cookie Notice (). Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. WebDOCN (DigitalOcean Holdings) Shares Outstanding (Diluted Average) as of today (December 20, 2022) is 104.9 Mil. Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. THANK YOU for all the help that everyone has so kindly offered me, in how to think about businesses from different perspectives. Backtested performance is not an indicator of future actual results. DigitalOcean Holdings Inc For example, a price above its moving average is generally considered an upward trend or a buy. We are continuously working to improve our web experience, and encourage users to. However, there are concerns too about DigitalOcean's slowing revenue growth rates, which have dropped from over 30% to mid-20s% CAGR. Try a 7-Day Free Trial to check it out. DigitalOcean Holdings Inc (DOCN) Stock Price & News There are currently no items in this Watchlist. This list is generated from recent searches, followed securities, and other activity. Stocks Telegraph does not provide any advice or recommendations for buying or selling stocks, securities, or other financial products. For the best MarketWatch.com experience, please update to a modern browser. Shares Outstanding (Diluted Average) explanatio Indeed, note that I concluded my previous analysis by saying: I'm not openly bearish on DigitalOcean Holdings, Inc. DOCN Stock Price | DigitalOcean Holdings Inc. Stock Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. DigitalOcean Holdings Shares Outstanding 2019-2023 | DOCN. Read More. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Need Help? DigitalOcean Holdings (DOCN) Stock Price & Analysis - TipRanks Important Dates The last Copyright 2023 MarketWatch, Inc. All rights reserved. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. And Allspring Global Investments LLC has lifted its position by It holds DigitalOcean Holdingss shares valued at 12M. I have no business relationship with any company whose stock is mentioned in this article. The negative consideration is that DigitalOcean's revenue growth rates appear to be slowing down at a rapid rate. Information contained on this website is for informational purposes only and should not be construed as professional financial, investment or other advice. No representations and warranties are made as to the reasonableness of the assumptions. Highlights important summary options statistics to provide a forward looking indication of investors' sentiment. WebAlight Inc $8.22 ALIT0.49% HubSpot Inc $496.21 HUBS1.53% DigitalOcean Holdings Inc $36.00 DOCN4.99% Unity Software Inc $27.65 U2.14% Smartsheet Inc $47.86 WebMarket capitalization of DigitalOcean (DOCN) Market cap: $3.47 Billion As of June 2023 DigitalOcean has a market cap of $3.47 Billion.This makes DigitalOcean the world's 2953th most valuable company by market cap according to our data. DigitalOcean Holdings: Improving Prospects (Rating Upgrade) DigitalOcean Holdings: Improving Prospects (Rating Upgrade) We are all working together to compound returns. Barchart is committed to ensuring digital accessibility for individuals with disabilities. International stock quotes are delayed as per exchange requirements. Please check your download folder. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. DOCN Beware of a trend reversal. The estimated number of people who visited one or more of the websites owned by DigitalOcean Holdings. Shares Outstanding: 88.81M: EPS (TTM)-$0.43: P/E Ratio (TTM)N/A: Dividend Yield: N/A: Latest Dividend: N/A: Ex-Dividend Date: N/A: Beta: 2.23: Short Interest: DOCN (DigitalOcean Holdings) Shares Outstanding (Diluted Av Portfolio results are unaudited and based on varying investment expiration dates. This information is provided for illustrative purposes only. Copyright 2023. I provide a hand-holding service. Visit a quote page and your recently viewed tickers will be displayed here. I am not receiving compensation for it (other than from Seeking Alpha). DigitalOcean Holdings, Inc.'s outlook for Q4 2023 points to a substantial ramp in free cash flow margins. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Source: FactSet. After each calculation the program assigns aBuy, Sell, or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. This section shows the Highs and Lows over the past 1, 3 and 12-Month periods. DOCN - Digitalocean Holdings Stock Price - Barchart.com She is very prolific in delivering the message of Jesus Christ to the world, bringing people everywhere into a place of the victory God has prepared for them. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Digital Ocean Shares Sink as Analysts Pick Up Coverage, This Magnificent Growth Stock Could Jump Another 71%, and It Is a Bargain Right Now, Garmin (GRMN) Enhances Navionics Platinum+ With Relief Shading, Looking for Tech Stocks? The market capitalization, commonly called market cap, is the total market value of a publicly traded company's This file may have been moved or deleted. TheQuote Overviewpage gives you a snapshot view for a specific symbol. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.289 by -$0.009. Data may be intentionally delayed pursuant to supplier requirements. It operates through the North America, Europe, Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Contrarian Outlook; DOCN Insider Buying; DOCN Shares Data is DigitalOcean Holdings, Inc. engages in providing cloud infrastructure. Jobs report shows big 339,000 gain in May. And we expect free cash flow margin to approach 30% by the fourth quarter. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Dr. Judy is a Prophet, Pastor and Life Coach. The institutional investor has increased its shareholding in the Technology company by 23.97% to 5.99 million shares with purchase of 1.16 million shares. With 0.52 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.34 million shares. This Magnificent Growth Stock Could Jump Another 71%, and It Is a 2023 Barchart.com, Inc. All Rights Reserved. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. Stocks Telegraph provides information and tools designed to assist investors and Wall Street players. The integration of Cloudways, a managed hosting service, has contributed to growth and is expected to generate improved free cash flow. I do all the work of picking the most attractive stocks. WebShares outstanding can be defined as the number of shares held by shareholders (including insiders) assuming conversion of all convertible debt, securities, warrants and options. EPS -$0.43. That being said, given that DigitalOcean Holdings, Inc.'s outlook for Q4 2023 points to 30% adjusted free cash flow margins, this means a meaningful ramp-up from the present 21% free cash flow in Q1 2023. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Risks related to the execution of corporate activity and strategy, Get more investment ideas with TipRanks Premium, iShares Core S&P Total U.S. Stock Market ETF, Fidelity MSCI Information Technology Index ETF, Make informed decisions based on Top Analysts' activity, Get actionable alerts from top Wall Street Analysts, Find out before anyone else which stock is going to shoot up, Get powerful stock screeners & detailed portfolio analysis. DOCN DOCN In the next section, I'm going to highlight some negative aspects followed by some position elements. What is DigitalOcean Holdingss market cap? WebDOCN stock analysis and financial data, including key statistics and ratios, valuations, historical price and financial performance of DigitalOcean Holdings. GuruFocus detected 4 Severe warning signs with DOCN. It is typically expressed as a percentage of the total number of shares outstanding and is reported on a monthly basis. WebGet the latest DigitalOcean Holdings Inc (DOCN) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and Have Watchlists? WebAccording to DigitalOcean's latest financial reports and stock price the company's current number of shares outstanding is 96,481,000. Excluding the one-time cost associated with our workforce reduction and transaction costs, like adjusted EBITDA, free cash flow will ramp throughout the year. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. All Rights Reserved. DigitalOcean Holdings does not currently pay dividends. Per share. Intraday data delayed at least 15 minutes or per exchange requirements. The integration of Cloudways has contributed to growth and is expected to generate improved free cash flow. Privacy Notice | For comparison purposes, find information on other symbols contained in the same sector. Real-time prices are available during market hours (9:30 AM to 4:00 PM EST). Shares Looking for a helping hand in the market? I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. When available, Bid and Ask information from the Cboe BZX Exchange is updated as new data is received. DigitalOcean Holdings Percent of Shares Outstanding Short - YCharts More specifically, I articulated that DigitalOcean was buying back its shares, but that this wasn't bringing down its total number of shares outstanding. What is DigitalOcean Holdingss EPS estimate? Investors Take Advantage Of -1.13% Loss In - Stocks Register However, the core reason why I'm upgrading DOCN to a buy is that I believe that its business model will see higher sustainable growth rates over the next several quarters, and here's why: DOCN's free cash flow margin jumped from 4% in the prior year's quarter to 16%. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. This browser is no longer supported at MarketWatch. According to my estimates, DigitalOcean stock is priced at 13x. Something went wrong while loading Watchlist. Entering text into the input field will update the search result below. DigitalOcean Holdings Inc. (NYSE: DOCN) stock fell -1.29% on Tuesday to $28.39 against a previous-day closing price of $28.76. DOCN stock: DigitalOcean Holdings Inc - Super Stock Screener Change value during other periods is calculated as the difference between the last trade and the most recent settle. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Futures and Forex: 10 or 15 minute delay, CT. Market Data powered by Barchart Solutions. Log in to see them here or sign up to get started. At the end of 2022 the company had Fundamental data provided by Zacks and Morningstar. Intraday data delayed at least 15 minutes or per exchange requirements. Others are great buys. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Please disable your ad-blocker and refresh. There are some positive and negative considerations. WebWhat this means: InvestorsObserver gives Digitalocean Holdings Inc (DOCN) an overall rank of 43, which is below average. The average number of shares traded each day over the past 30 days, The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Create a list of the investments you want to track. DigitalOcean Holdings lowest stock price was $23.38 and its highest was $53.88 in the past 12 months. 2023 Stocks Telegraph All rights reserved.Most stock quote data provided by financialmodelingprep.com. The stock has risen by 37.93% since the beginning of the year, thereby showing the potential of a further growth. Who this matters to: Overall Ranking is a comprehensive evaluation. DigitalOcean Holdings Shares Outstanding - YCharts
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