From NASDAQ:



DigitalOcean Holdings, Inc. (DOCN) closed the most recent trading day at $36.91, with a change of -1.47% from the previous trading session. This change was less than the S&P 500’s daily gain of 0.17%. The company’s upcoming earnings release shows projected increases in EPS and revenue. Analysts are expecting earnings of $1.50 per share and revenue of $689.94 million for the full year, marking significant changes from last year. The article emphasizes that DigitalOcean Holdings, Inc. currently has a Zacks Rank of #2 (Buy) and is trading with a Forward P/E ratio of 24.93, representing a discount compared to its industry’s average Forward P/E of 39.53. The company also has a PEG ratio of 0.8, which is lower than the industry’s average PEG ratio. The Internet – Software industry, to which DigitalOcean belongs, is ranked in the top 13% of all industries, and the Zacks Industry Rank gauges the strength of industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Lastly, the article offers readers the opportunity to access Zacks’s top stock picks for 2024, promising exceptional performance.

Overall, the article provides investors with a comprehensive analysis of DigitalOcean Holdings, Inc.’s stock performance, earnings projections, valuation, and industry rank, urging readers to stay updated with these stock-moving metrics.



Original: DigitalOcean Holdings, Inc. (DOCN) Stock Dips While Market Gains: Key Facts