Welcome to our dedicated page for Digitalocean Hldgs news (Ticker: DOCN), a resource for investors and traders seeking the latest updates and insights on Digitalocean Hldgs stock.
DigitalOcean Holdings, Inc. (NYSE: DOCN) regularly publishes news highlighting its role as a comprehensive agentic cloud and inference cloud platform for AI-native businesses, digital native enterprises, startups, and developers. Company announcements focus on how its cloud and AI infrastructure support full-stack AI applications, production inference workloads, and developer-centric cloud experiences.
Readers of this DOCN news feed can expect updates on AI infrastructure and platform advancements, such as enhancements to the DigitalOcean Gradient AI Agentic Cloud, new capabilities in the Gradient AI Platform, and expansions of GPU offerings based on NVIDIA and AMD Instinct technologies. News items also cover the Inference Cloud Platform, where DigitalOcean reports on performance, latency, and cost-efficiency improvements for large-scale, latency-sensitive AI workloads, including deployments with customers like Character.ai.
DigitalOcean’s news also features ecosystem and partnership developments. Examples include strategic partnerships with Persistent Systems to power the SASVA AI platform, collaborations with fal to host multimodal generative media models on DigitalOcean infrastructure, and integrations with frameworks and tools within the DigitalOcean AI Ecosystem. Additional announcements highlight collaborations with developer-focused organizations such as Laravel, where Laravel VPS is described as powered by DigitalOcean to streamline server provisioning for web applications.
Investors and developers following DOCN news will also find financial and corporate updates, including quarterly earnings results, participation in technology and AI conferences, and capital markets activities disclosed through press releases and Form 8-K filings. This mix of product, ecosystem, and financial news provides an ongoing view into how DigitalOcean is evolving its cloud and AI offerings for its global customer base.
DigitalOcean (NYSE: DOCN) announced that it will release its financial results for Q1 2022 on May 4, 2022, after U.S. market close. A conference call is scheduled for 4:30 PM ET the same day to discuss these results and the company's outlook with investors. Participants can join by calling (888) 330-3637 with conference ID 7741047. A replay of the call will be available until May 11, 2022. DigitalOcean aims to simplify cloud computing for developers, startups, and SMBs, enabling them to build and scale applications efficiently.
DigitalOcean Holdings (NYSE: DOCN) has announced its participation in key investor conferences. The JMP Securities Technology Conference will be held on March 8, 2022, followed by the Morgan Stanley Technology, Media & Telecom Conference on March 8 and 9, 2022. Details about the events, including presentation times and webcast information, can be found on DigitalOcean's investor relations website. The company focuses on simplifying cloud computing for developers and small businesses, aiming to enhance productivity and innovation.
DigitalOcean reported a 37% increase in fourth-quarter revenue, reaching $119.7 million, with a net dollar retention rate of 116%. The average revenue per customer grew by 29% year-over-year to $65.87. Free cash flow constituted 6% of revenue in 2021, marking the first year of positive cash flow. For 2022, DigitalOcean anticipates revenue between $564 million and $568 million and a non-GAAP earnings per share of $0.70 to $0.71. The company also announced a $300 million stock repurchase program to offset dilution from employee grants.
DigitalOcean Holdings, Inc. (NYSE: DOCN) will report its financial results for Q4 and the fiscal year ended December 31, 2021, before the market opens on February 24, 2022. A conference call to discuss these results will occur the same day at 8:00 AM ET. Interested parties can listen in by dialing the provided numbers or accessing the webcast via DigitalOcean's investor relations website. The call will be available for replay until March 3, 2022. DigitalOcean aims to simplify cloud computing for developers, startups, and SMBs, enhancing productivity and innovation.
DigitalOcean Holdings (NYSE: DOCN) released findings from its Currents report, highlighting that while 52% of traditional SMBs view the cloud as essential, 43% lack full-time technical staff. The report shows that 50% of non-tech SMBs adopted cloud solutions during the pandemic, with barriers such as cost (19%) and time management (12%) hindering further adoption. The study reveals a significant knowledge gap in cloud concepts between traditional SMBs and enterprises and suggests a need for simpler cloud solutions tailored for traditional SMBs.
DigitalOcean Holdings, Inc. (NYSE: DOCN) priced its offering of $1.3 billion in 0% convertible senior notes due 2026, set to settle on November 18, 2021. The notes are non-interest bearing and have a conversion rate of 5.6018 shares per $1,000, equivalent to a conversion price of $178.51, marking a 50% premium over the stock's last sale price of $119.01. The company aims to use $350 million of the net proceeds for share repurchases and the remainder for general corporate purposes. Noteholders may convert after July 1, 2026, and the offering is exempt from registration under the Securities Act.
DigitalOcean announced a proposed private offering of $900 million in convertible senior notes due 2026. The company may grant initial purchasers an option for an additional $135 million in notes. The notes will mature on December 1, 2026, and can be converted into cash, stock, or a mix. About $300 million of proceeds will be used for stock repurchases, which may impact stock prices. Remaining funds will support general corporate purposes, including potential acquisitions. The notes won't be registered under the Securities Act.
DigitalOcean (NYSE: DOCN) has announced its participation in several virtual investor events. Key dates include the Exane BNPP 4th Silicon Valley Tech Tour on November 10, 2021, Wells Fargo's 5th Annual TMT Summit on December 1, 2021, the UBS Global TMT Virtual Conference on December 6, 2021, and the Barclays Global TMT Conference on December 8, 2021. For detailed information about presentation times and webcast availability, please visit the company's investor relations website.
DigitalOcean Holdings, Inc. (NYSE: DOCN) reported a strong third quarter for 2021, with revenue hitting $111.4 million, marking a 37% year-over-year growth. The company's Annual Run-Rate Revenue reached $455 million, up 36% year-over-year. Notably, the Net Dollar Retention Rate improved to 116%, while the Average Revenue Per Customer increased by 28% to $61.97. Despite a GAAP net loss of $(0.02) per share, adjusted EBITDA rose to $36.4 million with a margin of 33%. The company expects fourth-quarter revenue between $117 to $119 million.
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