DigitalOcean Holdings Inc. (DOCN)
DigitalOcean Boasts 13% Revenue Growth In Q4, Raises Full-Year Guidance Due To AI Momentum (CORRECTED)
Editor's Note: The story has been updated to correct the company's name to DigitalOcean Holdings Inc
DigitalOcean Holdings, Inc. (DOCN) Q4 2024 Earnings Call Transcript
DigitalOcean Holdings, Inc. (NYSE:DOCN ) Q4 2024 Earnings Conference Call February 25, 2025 8:00 AM ET Company Participants Melanie Strate - Head, Investor Relations Paddy Srinivasan - Chief Executive Officer Matt Steinfort - Chief Financial Officer Conference Call Participants Josh Baer - Morgan Stanley Gabriela Borges - Goldman Sachs Mike Cikos - Needham Patrick Walravens - JMP Securities Mark Zhang - Citigroup Raimo Lenschow - Barclays Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.
Why DigitalOcean Stock Popped Today
DigitalOcean (DOCN 13.40%) stock surged more than 20% at the open Tuesday morning after the company delivered fourth-quarter results that beat analysts' forecasts. It remained up by 12.6% as of 10:50 a.m.
DigitalOcean (DOCN) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for DigitalOcean (DOCN) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
DigitalOcean Holdings, Inc. (DOCN) Surpasses Q4 Earnings and Revenue Estimates
DigitalOcean Holdings, Inc. (DOCN) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.44 per share a year ago.
DigitalOcean's EPS, Revenue Outperform
DigitalOcean (DOCN -5.42%), a cloud service provider focusing on startups and small digital enterprises, reported fourth quarter 2024 earnings on Tuesday, Feb. 25, that topped analysts' consensus estimates. Adjusted EPS of $0.49 came in well ahead of the anticipated $0.34 while Q4 revenue reached $204.9 million, exceeding expectations of $200.6 million.
What To Expect From DigitalOcean Q4 Earnings?
Needham analyst Mike Cikos reiterated a Hold rating on the shares of DigitalOcean Holdings Inc DOCN.
Countdown to DigitalOcean (DOCN) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
Evaluate the expected performance of DigitalOcean (DOCN) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
DigitalOcean (DOCN) Surges 5.2%: Is This an Indication of Further Gains?
DigitalOcean (DOCN) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Is DigitalOcean an Undervalued Growth Stock?
DigitalOcean (DOCN -0.26%) generates excellent growth in cash flow, but that does not make it an undervalued investment by itself.
2 Top Growth Stocks That Could Easily Double
Even the best growth companies go through rough patches. For DigitalOcean (DOCN 3.74%) and PubMatic (PUBM -1.06%), sluggish revenue growth has been a problem in recent years.
1 Growth Stock Down 71% You'll Wish You'd Bought on the Dip in 2025
DigitalOcean (DOCN 1.20%) has long provided cloud services to small and mid-sized businesses (SMBs). Now, it's also bringing a suite of artificial intelligence (AI) offerings to those customers, providing them with affordable access to this revolutionary technology.
