DigitalOcean (NYSE:DOCN) Releases FY25 Earnings Guidance

DigitalOcean (NYSE:DOCN) updated its FY25 earnings guidance on Friday. The company provided EPS guidance of $1.85-1.95 for the period, compared to the consensus EPS estimate of $1.91. The company issued revenue guidance of $870-890 million, compared to the consensus revenue estimate of $883.72 million. DigitalOcean also updated its Q1 guidance to $0.41-0.46 EPS.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DOCN shares. Needham & Company LLC restated a “hold” rating on shares of DigitalOcean in a report on Wednesday, February 26th. Stifel Nicolaus lifted their price target on shares of DigitalOcean from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. JMP Securities upped their price objective on shares of DigitalOcean from $47.00 to $55.00 and gave the company a “market outperform” rating in a research report on Monday, January 27th. UBS Group raised their price objective on DigitalOcean from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of DigitalOcean in a report on Saturday, March 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, DigitalOcean presently has a consensus rating of “Hold” and a consensus target price of $43.27.

DigitalOcean Stock Performance

DOCN opened at $28.64 on Friday. The business’s 50-day simple moving average is $39.63 and its 200 day simple moving average is $39.03. DigitalOcean has a 52-week low of $26.63 and a 52-week high of $47.02. The firm has a market capitalization of $2.64 billion, a PE ratio of 33.69, a PEG ratio of 3.12 and a beta of 1.87.

Insider Activity

In other news, insider Bratin Saha sold 4,289 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $36.80, for a total value of $157,835.20. Following the transaction, the insider now directly owns 372,762 shares of the company’s stock, valued at $13,717,641.60. This represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.74% of the stock is currently owned by insiders.

DigitalOcean Company Profile

DigitalOcean Holdings, Inc, through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. The company’s platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and growing digital businesses. It also offers infrastructure-as-a-service (IaaS) solutions comprising compute and storage services, as well as networking projects, including Cloud Firewalls software, Managed Load Balancers software, and Virtual Private Cloud (VPC).