Previous close | 32.58 |
Open | 33.81 |
Bid | 35.63 x 1200 |
Ask | 35.73 x 800 |
Day's range | 33.50 - 35.98 |
52-week range | 19.39 - 51.69 |
Volume | |
Avg. volume | 1,386,012 |
Market cap | 3.275B |
Beta (5Y monthly) | 1.83 |
PE ratio (TTM) | 179.55 |
EPS (TTM) | 0.20 |
Earnings date | 01 Aug 2024 - 05 Aug 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 39.22 |
DOCN Surpasses Analyst Revenue Forecasts, Aligns with EPS Projections
For the full year, the company expects revenue of $760 to $775 million, narrowing the lower end of the range from $755 million.
Shares of cloud computing provider DigitalOcean (NYSE: DOCN) jumped 9% in the pre-market session after the company reported first quarter results. DigitalOcean materially improved its gross margin this quarter. Its ARR (annual recurring revenue) also outperformed Wall Street's estimates. Guidance produced no surprises, with revenue for next quarter and the full year in line, showing that the company is on track. Overall, this quarter's results seemed fairly positive, and shareholders should feel