DOCN
DigitalOcean Holdings, Inc. [DOCN] Stock Forecast
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DigitalOcean: A Long-Term Buy In The Cloud Computing Industry
DigitalOcean, a two-billion-dollar plus market cap company, focuses on serving developers and small and medium-sized businesses in the cloud industry. It has faced challenges due to reduced cloud growth in 2022-2023 as interest rates increased. However, the company's business prospects should strengthen with a global economy that economists expect to improve in 2025.
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Oppenheimer analyst Timothy Horan upgraded shares of C3.ai, Cloudflare, and DigitalOcean to Outperform from Perform.
DigitalOcean rises on AI-powered infrastructure service demand
Cloud computing platform and hosting provider DigitalOcean Holdings Inc. NASDAQ: DOCN saw its shares jump 20% on strong Q3 2023 earnings and raised guidance. The company is a member of the Computer and Technology sector, providing on-demand cloud infrastructure services and tools to start-up companies and small and medium-sized businesses (SMBs), with the majority of its revenues being generated internationally.
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DigitalOcean Stock Is Down in the Dumps Again, but Could a Rebound Be Coming?
DigitalOcean beat its own guidance in Q3 2023. Two big questions still loom large: Who will be the new CEO, and will small-business spending on cloud infrastructure soon bottom?
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DigitalOcean's growth is decelerating as customers pull back on spending. The company is still winning new customers, particularly those who tend to spend more each month.
Where Will DigitalOcean Stock Be in 1 Year?
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Here's Why DigitalOcean Stock Surged Higher Today
DigitalOcean beat revenue expectations in its most recent quarter, and its free cash flow skyrocketed. The company's cash position is falling as it acquires other companies and repurchases shares.
DOCN Financial details
DOCN Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
| Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 2.33 | 2.92 | 3.02 | 4.6 | 5.72 | |
| Net income per share | -0.41 | -0.46 | -0.41 | -0.21 | -0.24 | |
| Operating cash flow per share | 0.44 | 0.46 | 0.55 | 1.43 | 1.94 | |
| Free cash flow per share | -0.27 | -0.51 | -0.55 | 0.26 | 0.74 | |
| Cash per share | 0 | 0.38 | 0.95 | 18.38 | 8.57 | |
| Book value per share | 0 | -0.83 | -0.68 | 6.2 | 0.51 | |
| Tangible book value per share | 0 | -1.2 | -1.04 | 5.4 | -3.79 | |
| Share holders equity per share | 0 | -0.83 | -0.68 | 6.2 | 0.51 | |
| Interest debt per share | 0 | 2.3 | 2.6 | 16.07 | 16.31 | |
| Market cap | 3.7B | 3.7B | 4.48B | 7.49B | 2.57B | |
| Enterprise value | 0 | 3.86B | 4.63B | 7.24B | 4.06B | |
| P/E ratio | -102.86 | -91.68 | -102.72 | -383.98 | -105.73 | |
| Price to sales ratio | 18.23 | 14.53 | 14.06 | 17.47 | 4.46 | |
| POCF ratio | 97.57 | 92.8 | 77.01 | 56.26 | 13.16 | |
| PFCF ratio | -158.93 | -83.03 | -77.77 | 311.83 | 34.26 | |
| P/B Ratio | 0 | -51.23 | -62.08 | 12.95 | 50.26 | |
| PTB ratio | 0 | -51.23 | -62.08 | 12.95 | 50.26 | |
| EV to sales | 0 | 15.15 | 14.56 | 16.89 | 7.05 | |
| Enterprise value over EBITDA | 0 | 117.58 | 99.06 | 93.57 | 46.9 | |
| EV to operating cash flow | 0 | 96.77 | 79.75 | 54.37 | 20.82 | |
| EV to free cash flow | 0 | -86.58 | -80.54 | 301.39 | 54.22 | |
| Earnings yield | -0.01 | -0.01 | -0.01 | 0 | -0.01 | |
| Free cash flow yield | -0.01 | -0.01 | -0.01 | 0 | 0.03 | |
| Debt to equity | 0 | -2.64 | -3.6 | 2.58 | 32.03 | |
| Debt to assets | 0 | 0.63 | 0.6 | 0.71 | 0.9 | |
| Net debt to EBITDA | 0 | 4.82 | 3.41 | -3.24 | 17.26 | |
| Current ratio | 0 | 0.84 | 1.75 | 30.39 | 5.76 | |
| Interest coverage | -4.32 | -3.23 | -2.12 | -2.94 | -1.86 | |
| Income quality | -1.05 | -0.99 | -1.33 | -6.83 | -8.04 | |
| Dividend Yield | 0 | 0 | 0 | 0.2 | 0 | |
| Payout ratio | 0 | 0 | 0 | -75.91 | 0 | |
| Sales general and administrative to revenue | 0.29 | 0.28 | 0.25 | 0.24 | 0.29 | |
| Research and developement to revenue | 0.22 | 0.24 | 0.24 | 0.27 | 0.25 | |
| Intangibles to total assets | 0 | 0.11 | 0.09 | 0.04 | 0.24 | |
| Capex to operating cash flow | -1.61 | -2.12 | -1.99 | -0.82 | -0.62 | |
| Capex to revenue | -0.3 | -0.33 | -0.36 | -0.25 | -0.21 | |
| Capex to depreciation | -1.17 | -1.34 | -1.53 | -1.23 | -1.18 | |
| Stock based compensation to revenue | 0.06 | 0.07 | 0.09 | 0.14 | 0.18 | |
| Graham number | 0 | 2.94 | 2.52 | 5.4 | 1.66 | |
| ROIC | 0 | -0.25 | -0.16 | -0.01 | -0.01 | |
| Return on tangible assets | 0 | -0.15 | -0.11 | -0.01 | -0.02 | |
| Graham Net | 0 | -3.72 | -3.55 | 2.36 | -8.53 | |
| Working capital | 0 | -11.91M | 63.17M | 1.71B | 782.28M | |
| Tangible asset value | 0 | -104.79M | -109.42M | 503.11M | -381.56M | |
| Net current asset value | 0 | -314.14M | -354.39M | 247.26M | -818.27M | |
| Invested capital | 0 | -2.64 | -3.6 | 2.58 | 32.03 | |
| Average receivables | 0 | 0 | 31.13M | 38.95M | 46.73M | |
| Average payables | 0 | 0 | 19.83M | 12.55M | 16.9M | |
| Average inventory | 0 | 0 | 0 | 0 | 0 | |
| Days sales outstanding | 0 | 34.35 | 43.88 | 33.74 | 34.09 | |
| Days payables outstanding | 0 | 81.31 | 31.18 | 27.08 | 36.41 | |
| Days of inventory on hand | 0 | 0 | 0 | 0 | 0 | |
| Receivables turnover | 0 | 10.63 | 8.32 | 10.82 | 10.71 | |
| Payables turnover | 0 | 4.49 | 11.71 | 13.48 | 10.03 | |
| Inventory turnover | 0 | 0 | 0 | 0 | 0 | |
| ROE | 0 | 0.56 | 0.6 | -0.03 | -0.48 | |
| Capex per share | -0.7 | -0.97 | -1.1 | -1.17 | -1.19 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q3
| Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
|---|---|---|---|---|---|---|
| 2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
| Revenue per share | 1.58 | 1.69 | 1.73 | 1.91 | 2.02 | |
| Net income per share | 0.1 | -0.1 | -0.37 | 0.04 | 0.22 | |
| Operating cash flow per share | 0.56 | 0.68 | 0.38 | 0.72 | 0.62 | |
| Free cash flow per share | 0.23 | 0.35 | 0.12 | 0.44 | 0.37 | |
| Cash per share | 8.54 | 8.96 | 6.41 | 6.18 | 4.38 | |
| Book value per share | 0.31 | 0.53 | -2.28 | -3.01 | -4.09 | |
| Tangible book value per share | -4.22 | -3.95 | -6.61 | 10.78 | -9.73 | |
| Share holders equity per share | 0.31 | 0.53 | -2.28 | -3.01 | -4.09 | |
| Interest debt per share | 15.24 | 16.98 | 17.59 | 2.1 | 18.95 | |
| Market cap | 3.49B | 2.46B | 3.74B | 3.57B | 2.11B | |
| Enterprise value | 4.94B | 3.95B | 5.4B | 3.64B | 3.69B | |
| P/E ratio | 86.47 | -61.03 | -26.79 | 224.36 | 27.47 | |
| Price to sales ratio | 22.96 | 15.08 | 22.67 | 21.04 | 11.9 | |
| POCF ratio | 64.25 | 37.72 | 103.36 | 55.68 | 38.98 | |
| PFCF ratio | 155.8 | 71.95 | 337.02 | 90.39 | 64.54 | |
| P/B Ratio | 115.58 | 48.1 | -17.2 | -13.35 | -5.87 | |
| PTB ratio | 115.58 | 48.1 | -17.2 | -13.35 | -5.87 | |
| EV to sales | 32.46 | 24.25 | 32.71 | 21.42 | 20.82 | |
| Enterprise value over EBITDA | 128.94 | -369.9 | 219.18 | 557.34 | 53 | |
| EV to operating cash flow | 90.84 | 60.68 | 149.14 | 56.7 | 68.21 | |
| EV to free cash flow | 220.26 | 115.74 | 486.28 | 92.03 | 112.94 | |
| Earnings yield | 0 | 0 | -0.01 | 0 | 0.01 | |
| Free cash flow yield | 0.01 | 0.01 | 0 | 0.01 | 0.02 | |
| Debt to equity | 48.62 | 32.03 | -7.71 | -0.69 | -4.62 | |
| Debt to assets | 0.9 | 0.9 | 1.06 | 0.12 | 1.16 | |
| Net debt to EBITDA | 37.74 | -139.94 | 67.28 | 9.96 | 22.71 | |
| Current ratio | 9.19 | 5.76 | 3.75 | 8.23 | 2.56 | |
| Interest coverage | 5.95 | -7.14 | -1.95 | -0.71 | 15.2 | |
| Income quality | 5.38 | -6.47 | -1.04 | 96.48 | 2.82 | |
| Dividend Yield | 0 | 0 | 0 | 0 | 0 | |
| Payout ratio | 0 | 0 | 0 | 0 | 0 | |
| Sales general and administrative to revenue | 0.26 | 0.31 | 0.3 | 0.29 | 0.11 | |
| Research and developement to revenue | 0.2 | 0.24 | 0.23 | 0.23 | 0.18 | |
| Intangibles to total assets | 0.27 | 0.24 | 0.26 | 0.2 | 0.35 | |
| Capex to operating cash flow | -0.59 | -0.48 | -0.69 | -0.38 | -0.4 | |
| Capex to revenue | -0.21 | -0.19 | -0.15 | -0.15 | -0.12 | |
| Capex to depreciation | -1.25 | -1.09 | -0.87 | -0.89 | -0.7 | |
| Stock based compensation to revenue | 0.16 | 0.17 | 0.19 | 0.21 | -0.01 | |
| Graham number | 0.86 | 1.11 | 4.33 | 1.74 | 4.49 | |
| ROIC | 0.01 | -0.01 | 0 | -0.04 | 0.01 | |
| Return on tangible assets | 0.01 | -0.01 | -0.03 | 0 | 0.02 | |
| Graham Net | -7.38 | -8.92 | -12.02 | 4.71 | -15.45 | |
| Working capital | 809.55M | 782.28M | 512.46M | 105.47M | 287.17M | |
| Tangible asset value | -407.49M | -381.56M | -631.87M | 1.07B | -852.98M | |
| Net current asset value | -685.11M | -818.27M | -1.1B | -7.9M | -1.31B | |
| Invested capital | 48.62 | 32.03 | -7.71 | -0.69 | -4.62 | |
| Average receivables | 51.9M | 56.79M | 54.4M | 56.02M | 58.66M | |
| Average payables | 14.76M | 16.45M | 16.07M | 10.3M | 11.95M | |
| Average inventory | 11.49M | 11.49M | 0 | -45.78M | -45.78M | |
| Days sales outstanding | 35.35 | 29.72 | 29.96 | 30.25 | 30.62 | |
| Days payables outstanding | 19.41 | 30.01 | 13.78 | 12.82 | 18.31 | |
| Days of inventory on hand | 37.93 | 0 | 0 | -122.35 | 0 | |
| Receivables turnover | 2.55 | 3.03 | 3 | 2.98 | 2.94 | |
| Payables turnover | 4.64 | 3 | 6.53 | 7.02 | 4.92 | |
| Inventory turnover | 2.37 | 0 | 0 | -0.74 | 0 | |
| ROE | 0.33 | -0.2 | 0.16 | -0.01 | -0.05 | |
| Capex per share | -0.33 | -0.32 | -0.26 | -0.28 | -0.24 |
DOCN Frequently Asked Questions
What is DigitalOcean Holdings, Inc. stock symbol ?
DigitalOcean Holdings, Inc. is a US stock , located in New york of Ny and trading under the symbol DOCN
Is DigitalOcean Holdings, Inc. buy or a sell ?
7 stock analysts have 7 predictions with a medium analyst target price of $52.71. The lowest prediction is $33 and the highest is $80
What is DOCN stock prediction ?
With a median analyst target price of $33, 1 stock analysts have made 1 forecasts in last 90 days. $33 is the lowest and $33 is the greatest projection.
What is DigitalOcean Holdings, Inc. stock quote today ?
DigitalOcean Holdings, Inc. stock price is $31.05 today.
Is DigitalOcean Holdings, Inc. stock public?
Yes, DigitalOcean Holdings, Inc. is a publicly traded company.
Company Profile
- Volume Average 1.33M
- Market Capitalization 2.67B
- Employee 1.2K
- CEO Mr. Yancey L. Spruill
- Headquarters New York,NY,US
- IPO Date 2021-03-24
-
Website
https://www.digitalocean.com 
DigitalOcean Holdings, Inc., through its subsidiaries, operates a cloud computing platform in North America, Europe, Asia, and internationally. Its platform provides on-demand infrastructure and platform tools for developers, start-ups, and small and medium size businesses. The company offers infrastructure solutions across compute, storage, and networking, as well as enables developers to extend the native capabilities of its cloud with fully managed application, container, and database offerings. Its users include software engineers, researchers, data scientists, system administrators, students, and hobbyists. The company's 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. DigitalOcean Holdings, Inc. was incorporated in 2012 and is headquartered in New York, New York.
