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DigitalOcean Holdings, Inc. - $DOCN STOCK NEWS

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

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 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
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News
DIGITALOCEAN INVESTOR DEADLINE APPROACHING
Rhea-AI Summary
Investors in DigitalOcean urged to contact Faruqi & Faruqi regarding potential claims
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.17%
Tags
none
-
News
DigitalOcean Introduces Cloud-Hosted Scalable Storage for Managed Databases
Rhea-AI Summary
DigitalOcean launches Scalable Storage for PostgreSQL and MySQL Managed Databases, providing flexible and cost-effective storage options for SMBs and startups.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.76%
Tags
none
News
DigitalOcean Announces Date of Third Quarter 2023 Earnings Conference Call
Rhea-AI Summary
DigitalOcean Holdings, Inc. will report Q3 financial results on November 2, 2023, after market close. A conference call will be held to discuss results and outlook. Webcast and replay available on investor relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
earnings
-
News
DigitalOcean Launches Managed Kafka Offering
Rhea-AI Summary
DigitalOcean launches Managed Kafka, a fully managed data streaming platform as a service offering for Apache Kafka, targeting SMBs. The service aims to help businesses access and process data streams in real-time while simplifying Kafka administration. DigitalOcean also announces recent and upcoming enhancements to its product and infrastructure offerings, including GPUs, enhanced memory and storage, low-cost support plans, and more flexible storage options. Managed Kafka is available now in all major data center regions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.06%
Tags
none
-
News
DigitalOcean Announces Leadership Transition
Rhea-AI Summary
DigitalOcean Holdings, Inc. announces CEO search process and leadership succession plan. Yancey Spruill to step down as CEO once successor appointed. Warren Adelman appointed Executive Chairman of the Board.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.41%
Tags
management
News
DigitalOcean Announces Second Quarter 2023 Financial Results
Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) announced its Q2 2023 results, reporting a 27% increase in revenue to $170 million. The company also achieved a gross profit of $102 million and an adjusted EBITDA of $72 million. DigitalOcean signed an agreement to acquire Paperspace, a high-performance AI/machine learning platform. The company's financial outlook for Q3 2023 includes a total revenue of $172.5 to $174.0 million and an adjusted EBITDA margin of 38% to 39%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.79%
Tags
earnings
-
News
DigitalOcean Acquires Paperspace to Expand AI Offerings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
13.38%
Tags
acquisition AI
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News
DigitalOcean Announces Date of Second Quarter 2023 Earnings Conference Call
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
Tags
earnings
News
DigitalOcean Announces First Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.63%
Tags
earnings
Stock DOCN logo
DigitalOcean Holdings, Inc.

NYSE:DOCN

DOCN Rankings

#1530 Ranked by Market Cap
#4444 Ranked by Stock Gains
N/A Ranked by Dividends

DOCN Stock Data

3.12B
60.42M
33.34%
52.37%
7.14%
Software - Infrastructure
Technology
Link
United States of America
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!