DigitalOcean Holdings, Inc. operates a cloud computing platform that offers infrastructure and platform tools for developers, start-ups, and small and medium-sized businesses in North America, Europe, Asia, and internationally. It offers infrastructure solutions across compute, storage, and networking fields, as well as managed application, container, and database offerings to developers. The company's users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. Its customers use its platform in various industry verticals and for a range of use cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, managed services, and others. The company was incorporated in 2012 and is headquartered in New York, New York.
IPO Year: 2021
Exchange: NYSE
Website: digitalocean.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/24/2025 | $45.00 | Buy | Citigroup |
1/17/2025 | $39.00 | Neutral | Cantor Fitzgerald |
1/16/2025 | $40.00 → $41.00 | Equal-Weight → Overweight | Morgan Stanley |
5/22/2024 | $40.00 | Neutral | UBS |
11/21/2023 | $37.00 | Perform → Outperform | Oppenheimer |
11/7/2023 | $33.00 | Sell → Buy | Goldman |
10/23/2023 | $30.00 → $22.00 | Underweight → Neutral | Piper Sandler |
9/8/2023 | $47.00 → $25.00 | Buy → Underperform | BofA Securities |
8/11/2023 | $127.00 → $103.00 | Underweight → Equal-Weight | Morgan Stanley |
6/22/2023 | $35.00 | Neutral → Underweight | Piper Sandler |
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4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
4 - DigitalOcean Holdings, Inc. (0001582961) (Issuer)
8-K - DigitalOcean Holdings, Inc. (0001582961) (Filer)
144 - DigitalOcean Holdings, Inc. (0001582961) (Subject)
144 - DigitalOcean Holdings, Inc. (0001582961) (Subject)
10-Q - DigitalOcean Holdings, Inc. (0001582961) (Filer)
8-K - DigitalOcean Holdings, Inc. (0001582961) (Filer)
8-K - DigitalOcean Holdings, Inc. (0001582961) (Filer)
144 - DigitalOcean Holdings, Inc. (0001582961) (Subject)
SCHEDULE 13D/A - DigitalOcean Holdings, Inc. (0001582961) (Subject)
144 - DigitalOcean Holdings, Inc. (0001582961) (Subject)
10-Q - DigitalOcean Holdings, Inc. (0001582961) (Filer)
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DigitalOcean Holdings, Inc. ("DigitalOcean") (NYSE:DOCN), today announced the closing of its previously announced offering of $625 million aggregate principal amount of 0.00% convertible senior notes due 2030, including the full exercise of the initial purchasers' option to purchase an additional $75 million aggregate principal amount of the notes. DigitalOcean estimates that the total net proceeds from the offering are approximately $605.6 million, after deducting the initial purchasers' discounts and commissions and estimated offering expenses payable by DigitalOcean. The notes will mature on August 15, 2030, unless earlier converted, redeemed or repurchased by DigitalOcean. In connection
Designed to reduce operational friction for agencies, developers and e-commerce businesses, Copilot's features like AI Insights and SmartFix empower teams to resolve issues faster and stay focused on driving business growth Cloudways, part of DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced the general availability of Cloudways Copilot, its artificial intelligence (AI) powered issue diagnostic and automatic resolution solution. Since its public preview earlier this year, Cloudways Copilot has successfully helped customers reduce server issue resolution time to five to six minutes on average. Previously, customers were spe
DigitalOcean Holdings, Inc. ("DigitalOcean") (NYSE:DOCN), today announced the pricing of $550 million aggregate principal amount of 0.00% convertible senior notes due 2030 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The aggregate principal amount of the Offering was increased from the previously announced offering size of $500 million. The sale of the notes to the initial purchasers is expected to close on August 14, 2025, subject to customary closing conditions. DigitalOcean also granted the initial purchasers of the notes an option to pur
DigitalOcean Holdings, Inc. ("DigitalOcean") (NYSE:DOCN), today announced its intent to offer, subject to market conditions and other factors, $500 million aggregate principal amount of convertible senior notes due 2030 (the "notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). DigitalOcean also intends to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75 million aggregate principal amount of the notes. The notes will
Q2 2025 Revenue of $219 million, up 14% year-over-year; Raised full year revenue guidance to $888 to $892 million Q2 2025 Net Income was $37 million, up 93% year-over-year, at 17% margin and Adjusted EBITDA was $89 million, up 10% year-over-year, at 41% margin; Raised full year Adjusted EBITDA margin guidance to 39% to 40% Q2 2025 Incremental ARR of $32 million, the highest incremental ARR since Q4 of 2022 DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced results for its second quarter ended June 30, 2025. "We delivered another quarter of solid performance across both AI and core cloud. Total revenue grew 14% y
DigitalOcean GradientAI Platform enables customers to create AI applications with their own data by combining state-of-the-art foundation models to add generative AI capabilities like agent builder and serverless inference to their applications DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced the general availability of its DigitalOcean GradientAI™ Platform (previously known as GenAI Platform), a managed AI platform that enables developers to combine their data with foundation models from Anthropic, Meta, Mistral and OpenAI to add customized GenAI agents to their applications. The DigitalOcean GradientAI Platform is a ful
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, announced today that it will report financial results for the second quarter ended June 30, 2025 before the market opens on Tuesday, August 5, 2025. The company will also hold a conference call on the same day at 8 a.m. ET / 5 a.m. PT to discuss its financial results and financial outlook with the investment community. Investors and analysts can pre-register for the webcast at https://events.q4inc.com/attendee/746445668. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investors.digitalocean.com. A l
New Role-Based Access Control offering provides tailored access controls for teams, allowing digital native enterprises to enhance security and governance DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced expanded capabilities for its identity management offerings with custom roles, the newest Role-Based Access Control (RBAC) offering for its cloud platform. This offering allows customers to create roles that are specifically tailored to the job responsibilities of their team members. As a result, custom roles allow organizations to apply the principle of least privilege, which helps to reduce security risks and strengthen
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced a collaboration with AMD that provides DigitalOcean customers with access to AMD Instinct™ GPUs as DigitalOcean GPU Droplets to power their AI workloads starting with the AMD MI300X GPUs. Later this year, DigitalOcean will offer AMD Instinct™ MI325X GPUs, further expanding access to powerful and affordable GPU models. AMD Instinct™ MI325X GPU accelerators set new AI performance standards, delivering incredible performance and efficiency for training and inference. AMD Instinct MI300X GPUs deliver leadership performance for accelerated high-performance computing (HPC) applic
GPU Droplets support inference and complex AI workloads DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced that NVIDIA RTX 4000 Ada Generation, NVIDIA RTX 6000 Ada Generation, and NVIDIA L40S GPUs are generally available to customers as DigitalOcean GPU Droplets. These newly available GPU Droplets bring NVIDIA's powerful accelerated computing platform with best-in-class graphics and media acceleration to DigitalOcean's platform, and complement existing NVIDIA H100 GPU Droplets and H200 Bare Metal GPUs. By expanding access to NVIDIA GPUs at multiple price points, DigitalOcean GPU Droplets help reduce the barriers to AI adopt
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Citigroup initiated coverage of DigitalOcean with a rating of Buy and set a new price target of $45.00
Cantor Fitzgerald initiated coverage of DigitalOcean with a rating of Neutral and set a new price target of $39.00
Morgan Stanley upgraded DigitalOcean from Equal-Weight to Overweight and set a new price target of $41.00 from $40.00 previously
UBS initiated coverage of DigitalOcean with a rating of Neutral and set a new price target of $40.00
Oppenheimer upgraded DigitalOcean from Perform to Outperform and set a new price target of $37.00
Goldman upgraded DigitalOcean from Sell to Buy and set a new price target of $33.00
Piper Sandler upgraded DigitalOcean from Underweight to Neutral and set a new price target of $22.00 from $30.00 previously
BofA Securities downgraded DigitalOcean from Buy to Underperform and set a new price target of $25.00 from $47.00 previously
Morgan Stanley upgraded DigitalOcean from Underweight to Equal-Weight and set a new price target of $103.00 from $127.00 previously
Piper Sandler downgraded DigitalOcean from Neutral to Underweight and set a new price target of $35.00
Live Leadership Updates
DigitalOcean debuts vision for future of cloud, AI for digital-native businesses DigitalOcean, the simplest scalable cloud for growing tech companies, today kicked off its Deploy 25 customer conference in Austin, Texas bringing together the most passionate community of builders to share best practices, network, and experience DigitalOcean's vision for the future of cloud computing and AI. The event features keynote presentations from DigitalOcean leadership and customers, the unveiling of new innovations in cloud and AI, as well as opportunities to learn from the rest of the DigitalOcean community. "2024 was another monumental year for DigitalOcean, featuring groundbreaking product inno
30 year tech industry veteran will oversee the go-to-market strategy and drive rapid growth DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, is pleased to announce the appointment of Larry D'Angelo as its new Chief Revenue Officer, effective today. In this role, D'Angelo will drive DigitalOcean's new business growth via direct sales and channel partnerships, customer success, customer support, and corporate communications. "Larry is a seasoned operator with rich experience scaling businesses, driving exceptional customer experience, and building world class organizations," said Paddy Srinivasan, CEO of DigitalOcean. "He
Wegner will strengthen DigitalOcean's position within the developer community and further fuel growth DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing technology businesses, announced today that Wade Wegner joined the company as Chief Ecosystem and Growth Officer. This unique and critical position bridges the gap between research and development and go-to-market strategy. In this executive role, Wegner will oversee Developer Relations, Marketing, Growth, and Partnerships. "Wade is a transformative technology leader who blends deep technical expertise with strategic vision," said Paddy Srinivasan, CEO DigitalOcean. "He brings robust develope
As CPTO, Saha will accelerate the Company's product strategy and development DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing technology businesses, today announced Bratin Saha has joined the company as its Chief Product and Technology Officer (CPTO). In this new executive role, Saha will lead product strategy, development, infrastructure, and security with a focus on making DOCN the best cloud for developers and growing technology businesses. Saha joins from Amazon Web Services (AWS), where he served as Vice President and General Manager of Artificial Intelligence (AI), Machine Learning (ML), and Data Infrastructure. He led the creation of
NEW YORK, April 30, 2024 /PRNewswire/ -- DigitalOcean Holdings Inc. (NYSE:DOCN) will replace Agiliti Inc. (NYSE:AGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, May 7. Thomas H. Lee Partners L.P. is acquiring Agiliti in a deal expected to be completed on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector May 7, 2024 S&P SmallCap 600 Addition DigitalOcean Holdings DOCN Information Technology S&P SmallCap 600 Deletion Agiliti AGTI Health Care For more information about S&P Dow Jones Indices,
Lead Investor from M13 Moves In-House to Scale Operations, Spearhead Development of Proprietary Large Action Model PINATA, the innovative TaskFlow orchestration platform for real-world work, announced today that Rob Olson had left the venture firm M13 — where he was a Partner, Head of Data Strategy, and board member to PINATA and others — to join the startup as Chief Operating Officer. "It's not every day your lead investor climbs into the trenches with you," said PINATA's CEO, Ian Ferguson. "This move is a testament to Rob's passion for data-driven SaaS, to M13's remarkable team of investors who are operators at heart, and to PINATA's massive opportunity to revolutionize real-world wor
Proven cloud technology executive appointed to lead DigitalOcean's next phase of innovation and growth DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, today announced that the Company's Board of Directors has appointed Paddy Srinivasan as the Company's new Chief Executive Officer and as a member of its Board of Directors. Srinivasan will start on February 12, 2024, and will participate in the Company's Q4 '23 Earnings call on February 21, 2024. With an impressive background in cloud technology and a successful track record of operational execution and delivering strong financial results, Srinivasan is set to steer Digital
Announces Cooperation Agreement with Shareholder Stadium Capital Board to Form a Capital Allocation Committee, Comprised of New and Tenured Directors, to Provide Analysis and Recommendations to Board Sleep Number Corporation (NASDAQ:SNBR) today announced that it has appointed Stephen E. Macadam and Hilary A. Schneider to its Board of Directors (the "Board"), effective immediately, expanding the Board to twelve members. In conjunction with the appointments, Sleep Number entered into a cooperation agreement (the "Cooperation Agreement") with Stadium Capital Management, LLC (collectively with its affiliates, "Stadium Capital"), one of the company's shareholders. Steve Macadam is the Chai
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 07, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises DigitalOcean Holdings, Inc. ("DigitalOcean" or the "Company") (NYSE:DOCN) investors that a lawsuit filed on behalf of investors that purchased DigitalOcean securities between February 16, 2023 and August 25, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss inv
Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 01, 2023 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises DigitalOcean Holdings, Inc. ("DigitalOcean" or the "Company") (NYSE:DOCN) investors that a lawsuit filed on behalf of investors that purchased DigitalOcean securities between February 16, 2023 and August 25, 2023, inclusive (the "Class Period") Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: [email protected], to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss in
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Live finance-specific insights
Q2 2025 Revenue of $219 million, up 14% year-over-year; Raised full year revenue guidance to $888 to $892 million Q2 2025 Net Income was $37 million, up 93% year-over-year, at 17% margin and Adjusted EBITDA was $89 million, up 10% year-over-year, at 41% margin; Raised full year Adjusted EBITDA margin guidance to 39% to 40% Q2 2025 Incremental ARR of $32 million, the highest incremental ARR since Q4 of 2022 DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced results for its second quarter ended June 30, 2025. "We delivered another quarter of solid performance across both AI and core cloud. Total revenue grew 14% y
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, announced today that it will report financial results for the second quarter ended June 30, 2025 before the market opens on Tuesday, August 5, 2025. The company will also hold a conference call on the same day at 8 a.m. ET / 5 a.m. PT to discuss its financial results and financial outlook with the investment community. Investors and analysts can pre-register for the webcast at https://events.q4inc.com/attendee/746445668. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investors.digitalocean.com. A l
Q1 2025 Revenue of $211 million, up 14% year-over-year Q1 2025 Net Income was $38 million, up 170% year-over-year, at 18% margin and Adjusted EBITDA was $86 million, up 16% year-over-year, at 41% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, today announced results for its first quarter ended March 31, 2025. "The momentum we generated in 2024 in both core cloud and AI continued into Q1, as we grew total revenue 14% year-over-year, our highest quarterly growth rate since Q3 2023, with AI ARR continuing to grow north of 160% year-over-year, and we delivered more than 50 new product features, over 5 times as many as we delivered
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for digital native enterprises, announced today that it will report financial results for the first quarter ended March 31, 2025 before the market opens on Tuesday, May 6, 2025. The company will also hold a conference call on the same day at 8 a.m. ET / 5 a.m. PT to discuss its financial results and financial outlook with the investment community. Investors and analysts can pre-register for the webcast at https://events.q4inc.com/attendee/492751082. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investors.digitalocean.com. A live w
Q4 2024 Revenue of $205 million, up 13% year-over-year; Full year 2024 revenue of $781 million, up 13% year-over-year 2024 Net Income was $84 million, up 335% year-over-year, at 11% margin and Adjusted EBITDA was $328 million, up 19% year-over-year, at 42% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for growing tech companies, today announced results for its fourth quarter and fiscal year ended December 31, 2024. "We are entering 2025 with increasing momentum - in Q4 alone, we released more than four times as many products and features than we did in Q4 of the prior year, increased net dollar retention to 99%, grew revenue 13% year-over-year and deliver
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud for growing tech companies, announced today that it will report financial results for the fourth quarter and fiscal year ended December 31, 2024 before the market opens on Tuesday, February 25, 2025. The company will also hold a conference call on the same day at 8:00 a.m. (ET) / 5:00 a.m. (PT) to discuss its financial results and financial outlook with the investment community. Investors and analysts can pre-register for the webcast at https://events.q4inc.com/attendee/858828391. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://inve
Revenue of $198 million, up 12% year-over-year; raising full year guidance Net Income was $33 million at 17% margin and Adjusted EBITDA was $87 million at 44% margin Continues innovation in product, releasing 42 new product features DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud, today announced results for its third quarter ended September 30, 2024. "We had a successful quarter, enabling us to raise our full year revenue guidance while still maintaining full year free cash flow margin guidance," said Paddy Srinivasan, CEO of DigitalOcean. "We continued to accelerate innovation, releasing 42 new product features across our core Cloud and AI platforms in Q3, that di
DigitalOcean Holdings, Inc. (NYSE:DOCN), the simplest scalable cloud, announced today that it will report financial results for the third quarter ended September 30, 2024 before the market opens on Monday, November 4, 2024. The company will also hold a conference call on the same day at 8:00 a.m. (ET) / 5:00 a.m. (PT) to discuss its financial results and financial outlook with the investment community. Investors and analysts can pre-register for the webcast at https://events.q4inc.com/attendee/240964588. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investors.digitalocean.com. A live webcast and rep
Revenue of $192 million, up 13% year-over-year GAAP Net Income was $19 million and Adjusted EBITDA was $82 million at 42% margin DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing technology businesses, today announced results for its second quarter ended June 30, 2024. "We have delivered another strong quarter of business results and exciting product announcements. In Q2 we saw revenue growth continue to re-accelerate at 13%, with AI/ML continuing to accelerate with ARR up over 200% year-over-year, and expanded our leadership team by adding a Chief Product and Technology Officer to accelerate innovation, a Chief Ecosystem and Growth Office
DigitalOcean Holdings, Inc. (NYSE:DOCN), the developer cloud optimized for startups and growing digital businesses, announced today that it will report financial results for the second quarter ended June 30, 2024 after the market closes on Thursday, August 8, 2024. The company will also hold a conference call on the same day at 2:00 p.m. (PT) / 5:00 p.m. (ET) to discuss its financial results and financial outlook with the investment community. Investors and analysts can pre-register for the webcast at https://events.q4inc.com/attendee/527008089. The earnings release, webcast link and any accompanying materials will be posted to the DigitalOcean investor relations website at http://investo