DigitalOcean (NYSE:DOCN) Issues FY 2025 Earnings Guidance

DigitalOcean (NYSE:DOCNGet Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.850-1.950 for the period, compared to the consensus estimate of 1.910. The company issued revenue guidance of $870.0 million-$890.0 million, compared to the consensus revenue estimate of $883.8 million. DigitalOcean also updated its Q1 2025 guidance to 0.410-0.460 EPS.

DigitalOcean Stock Performance

NYSE DOCN opened at $27.36 on Friday. DigitalOcean has a one year low of $25.45 and a one year high of $47.02. The stock has a 50-day moving average of $36.48 and a 200 day moving average of $38.03. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 3.12 and a beta of 1.87.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of DigitalOcean from $52.00 to $41.00 and set an “overweight” rating for the company in a report on Wednesday. Canaccord Genuity Group decreased their target price on shares of DigitalOcean from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group restated a “buy” rating on shares of DigitalOcean in a research note on Saturday, March 1st. JMP Securities lifted their price objective on DigitalOcean from $47.00 to $55.00 and gave the stock a “market outperform” rating in a report on Monday, January 27th. Finally, Citigroup assumed coverage on DigitalOcean in a report on Friday, January 24th. They issued a “buy” rating and a $45.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.18.

Get Our Latest Stock Report on DOCN

Insider Transactions at DigitalOcean

In other news, insider Bratin Saha sold 3,948 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $36.63, for a total value of $144,615.24. Following the completion of the sale, the insider now directly owns 358,696 shares of the company’s stock, valued at $13,139,034.48. This represents a 1.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.74% of the company’s stock.

About DigitalOcean

(Get Free Report)

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).

Featured Articles

Receive News & Ratings for DigitalOcean Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DigitalOcean and related companies with MarketBeat.com's FREE daily email newsletter.