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DigitalOcean Holdings Inc - DOCN STOCK NEWS

Welcome to our dedicated news page for DigitalOcean Holdings (Ticker: DOCN), a resource for investors and traders seeking the latest updates and insights on DigitalOcean Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DigitalOcean Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DigitalOcean Holdings's position in the market.

News
DigitalOcean Announces Date of First Quarter 2024 Earnings Conference Call
Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) will report Q1 2024 financial results on May 10, 2024. A conference call will be held to discuss the results and outlook with investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.44%
Tags
earnings
-
News
DigitalOcean Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Rhea-AI Summary
DigitalOcean Holdings, Inc. (DOCN) reports a 20% increase in revenue to $693 million for the fiscal year 2023, along with positive financial and operational highlights. The company plans to invest in expansion initiatives for 2024 and beyond, leveraging product-led growth and AI solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.68%
Tags
earnings
-
News
PINATA Appoints Rob Olson as Chief Operating Officer to Steer Expansion into AI as TaskFlow Platform Activity Surges
Rhea-AI Summary
PINATA, the TaskFlow orchestration platform, announced that Rob Olson, former Partner at M13, has joined as COO. With expertise in scaling SaaS businesses, Olson aims to leverage the extensive data amassed by PINATA to drive product-led growth. The company has seen rapid organic adoption, amassing over 5 million user-sourced data points and images across 20 thousand consumer products and 40 thousand storefronts in the last year alone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.43%
Tags
management AI
News
DigitalOcean Unveils Enhanced Data Backups to Strengthen Business Continuity
Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) has introduced the next evolution of DigitalOcean Backups, offering enhanced daily, system-level backups of DigitalOcean Droplets to protect users from data disruptions and support business continuity. This new offering aims to provide peace of mind to startups, ISVs, and growing digital businesses by simplifying data resiliency without the burden of complex solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.43%
Tags
none
-
News
DigitalOcean’s Cloudways Launches Autonomous to Ensure High Availability for Growing Business Websites
Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) announces the launch of Autonomous, a managed WordPress hosting offering through Cloudways. Autonomous is designed to simplify website management and help businesses handle fluctuating website traffic without overestimating hosting needs. It automatically scales resources to meet demand, providing high availability and predictable pricing. Testimonials from users highlight the positive impact of Autonomous on website performance and business operations. The service is available in various regions across the US, UK, EUR & Asia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
none
-
News
DigitalOcean Announces Date of Fourth Quarter 2023 Earnings Conference Call
Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) will report Q4 and fiscal year 2023 financial results on February 21, 2024. A conference call will be held to discuss the earnings and financial outlook. The webcast link and materials will be available on the investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
earnings
News
DigitalOcean Announces Availability of NVIDIA H100 GPUs on Paperspace Platform, Expanding Access to AI Compute for Startups and Growing Digital Businesses
Rhea-AI Summary
DigitalOcean Holdings, Inc. announces the virtualized availability of NVIDIA H100 Tensor Core GPUs on its Paperspace platform, providing startups and growing digital businesses with state-of-the-art infrastructure crucial for developing AI/ML applications. The surge in interest for accelerated AI computing has fueled the demand for NVIDIA H100 GPUs, which significantly reduce training iteration periods and model inference response times. DigitalOcean is committed to providing solutions that offer superior performance and keep costs in check, lowering the barriers of entry for smaller businesses looking to leverage AI to improve profitability and efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.5%
Tags
AI
-
News
DigitalOcean Appoints Paddy Srinivasan as Chief Executive Officer
Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) has appointed Paddy Srinivasan as the new Chief Executive Officer and a member of its Board of Directors, effective February 12, 2024. Srinivasan brings a successful track record in cloud technology and operational execution from his previous role as CEO of GoTo, a $1B+ revenue SaaS company. He is expected to lead DigitalOcean through its next phase of innovation and growth, leveraging his extensive experience in product and technology leadership. Srinivasan's appointment follows the successful tenure of outgoing CEO Yancey Spruill, who has led the Company since 2019, taking it public and driving significant financial improvements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
Tags
management
-
News
DigitalOcean Currents Report Finds That Adoption of AI/ML, and Investments in Cybersecurity and Multi-cloud Strategies Are On The Rise at Small Businesses
Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) announced findings from its Currents report, revealing strong intent to leverage AI/ML and increase cybersecurity spending. 78% of organizations plan to increase AI/ML use, 37% to boost cybersecurity spending, and 35% are adopting multi-cloud approaches. The report also highlights trends in startups, remote work, AI adoption, and cloud computing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
Tags
AI
News
DigitalOcean Announces Third Quarter 2023 Financial Results
Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) reported its Q3 2023 results, with revenue growing by 16% to $177 million. The company achieved a GAAP net income of $19 million and an adjusted EBITDA of $76 million. Year to date, operating cash flow reached $154 million and adjusted free cash flow was $127 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.63%
Tags
earnings
Stock DOCN logo
DigitalOcean Holdings Inc

NYSE:DOCN

DOCN Rankings

#1551 Ranked by Market Cap
#4444 Ranked by Stock Gains
N/A Ranked by Dividends

DOCN Stock Data

3.19B
60.42M
33.34%
52.37%
7.14%
Software - Infrastructure
Technology
Link
US
New York

About DOCN

digitalocean, the cloud for developers, is a dynamic, high-growth technology company that serves a passionate community of technologists around the world. we want to simplify cloud computing for every developer and are working on some of the most challenging and interesting problems in cloud computing. from an intuitive interface and flexible api, to a robust set of features and a library with thousands of tutorials, we’re always thinking of ways to make developers’ lives easier. it’s what brings us together and keeps us going. we’re independent thinkers, open communicators, and voracious learners. we get the job done—and we have fun doing it!