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Digitalocean Holdings Inc   (DOCN)
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Price: $39.1200 $0.08 0.205%
Day's High: $39.35 Week Perf: -2.52 %
Day's Low: $ 38.50 30 Day Perf: -1.01 %
Volume (M): 1,949 52 Wk High: $ 51.69
Volume (M$): $ 76,233 52 Wk Avg: $34.11
Open: $38.65 52 Wk Low: $19.39



 Market Capitalization (Millions $) 3,796
 Shares Outstanding (Millions) 97
 Employees 786
 Revenues (TTM) (Millions $) 692
 Net Income (TTM) (Millions $) 19
 Cash Flow (TTM) (Millions $) 167
 Capital Exp. (TTM) (Millions $) 125

Digitalocean Holdings Inc
Our mission is to simplify cloud computing so that developers and businesses can spend more time building software that changes the world.
DigitalOcean is a leading cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses, or SMBs. We were founded with the guiding principle that the transformative benefits of the cloud should be easy to leverage, broadly accessible, reliable and affordable. Our platform simplifies cloud computing, enabling our customers to rapidly accelerate innovation and increase their productivity and agility.
Our customers use our platform across numerous industry verticals and for a wide range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. We believe that our focus on simplicity, community, open source and customer support are the four key differentiators of our business, driving a broad range of customers around the world to build their applications on our platform.
Cloud computing is revolutionizing how companies across the globe develop and deploy applications. The cloud offers lower upfront cost and superior flexibility, extensibility and scalability as compared to on-premise software development environments. These benefits are especially valuable for start-ups and SMBs, as they typically have more limited financial resources, operational expertise and IT personnel. As software and cloud-based technologies have become essential across industries and businesses of all sizes, the number of software developers and their strategic importance to organizations are both increasing significantly.
The global developer and open source communities are fundamental to our business, and a key source of ideas and innovations that support our sustained growth. Our developer-centric approach has helped us foster a large and loyal following. We attract approximately 6 million monthly unique visitors to our websites, host what we believe is the largest hackathon in the world, and offer a comprehensive library of high-quality technical tutorials and community-generated questions and answers. Developers and SMBs especially value open source technology as it allows them greater choice, affordability and flexibility, and our platform is designed to take advantage of open source technology to provide our customers with a much more efficient way to work. Our participation in and support of the open source community further enhance the attractiveness, depth and scalability of our offering.
Our customers depend on us for their critical business needs, and we are passionate about providing superior 24x7 customer support to all of our customers, regardless of size. We believe our customer support, coupled with our easy-to-use self-help resources and active developer community, has created tremendous brand loyalty amongst our growing customer base. Our customers become great advocates for DigitalOcean and are a common source of new customer referrals.
We provide a variety of cloud products and services that are specifically designed to address the needs of individual developers, start-ups and SMBs. We listen carefully to our customers' feedback so we understand what they want and need to simplify cloud computing for them. Our goal is to address the core needs of this underserved customer base instead of offering thousands of complex products and services that are more suited to large enterprise companies or companies looking to move from an on-premise environment to the cloud. This focus has allowed us to expand our ARPU, especially among our larger customers, while maintaining very attractive customer retention metrics.


   Company Address: 101 6th Avenue New York 10013 NY
   Company Phone Number: 827-4366   Stock Exchange / Ticker: NYSE DOCN
   


Customers Net Income fell by DOCN's Customers Net Profit Margin fell to

-31.37 %

7.72 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GOOG        6.35% 
AMZN   -0.52%    
APLD        7.14% 
IBM   -3.08%    
PLTR   -7.34%    
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Digitalocean Holdings Inc

DigitalOcean Holdings Inc. Continues to Excel with Positive Income in Q4 2023

DigitalOcean Holdings Inc. has recently reported impressive financial results for the fourth quarter and fiscal year of 2023, showcasing significant growth and a strong commitment to empowering developers. With Paddy Srinivasan as the newly appointed CEO, the company aims to solidify its position as the preferred platform for developers in the startup ecosystem.
The company's positive performance during the fourth quarter reflects its appeal to developers worldwide. It reported record growth and profitability, demonstrating its ability to attract and retain customers in a rapidly evolving digital landscape. These results are particularly noteworthy given the challenging market conditions and the increased competition in the developer cloud space.

Stock Transactions

DigitalOcean Reports Record Growth in Q4 and Fiscal Year 2023, Sets Stage for Developer Success

Published Wed, Feb 21 2024 9:05 PM UTC



DigitalOcean Holdings, Inc., the prominent developer cloud platform catering to startups and growing digital enterprises, recently unveiled its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company showcased impressive growth and reiterated its commitment to empowering developers to build and scale innovative applications. Wi...

Product Service News

DigitalOcean Unveils Enhanced Data Backups to Safeguard Businesses and Drive Continuity in an Uncertain World

Published Thu, Feb 8 2024 1:00 PM UTC

DigitalOcean Unveils Enhanced Data Backups to Strengthen Business ContinuityDigitalOcean Holdings, Inc. (NYSE: DOCN) has announced the launch of its enhanced data backups, designed to protect users from data disruptions and support business continuity. This offering includes daily, system-level backups of DigitalOcean Droplets, providing startups, independent software vendor...

Product Service News

DigitalOcean's Cloudways Enables Autonomous Managed WordPress Hosting to Bolster Business Website Availability

Published Tue, Jan 23 2024 1:00 PM UTC

In an effort to fortify its contribution to the constantly evolving digital landscape, New York-based developer cloud service provider, DigitalOcean Holdings, Inc. has introduced its newest product - Autonomous. This initiative reinforces the company's commitment towards startups and growing digital businesses, optimizing their efforts through managed WordPress hosting offer...

Product Service News

DigitalOcean and NVIDIA Collaborate to Democratize AI Compute for Startups and Digital Businesses

Published Thu, Jan 18 2024 1:00 PM UTC

DigitalOcean Holdings, Inc. has announced the virtualized availability of NVIDIA H100 Tensor Core GPUs on its Paperspace platform, a leading provider of cloud infrastructure for highly scalable GPU-accelerated applications. This partnership will provide startups and growing digital businesses with access to state-of-the-art infrastructure for AI compute. Alongside this devel...






 

Digitalocean Holdings Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Digitalocean Holdings Inc does not provide revenue guidance.

Earnings Outlook
Digitalocean Holdings Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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