DigitalOcean (NYSE:DOCN) Updates FY 2025 Earnings Guidance

DigitalOcean (NYSE:DOCN - Get 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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DOCN shares. Bank of America raised their price target on DigitalOcean from $28.00 to $31.00 and gave the company an "underperform" rating in a report on Wednesday, February 26th. Citigroup initiated coverage on shares of DigitalOcean in a report on Friday, January 24th. They set a "buy" rating and a $45.00 price objective on the stock. Canaccord Genuity Group dropped 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. Morgan Stanley lowered their price target on shares of DigitalOcean from $52.00 to $41.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Cantor Fitzgerald boosted their price objective on DigitalOcean from $39.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $42.18.

DigitalOcean Stock Down 1.8 %

DigitalOcean stock traded down $0.50 during midday trading on Friday, hitting $27.36. 782,545 shares of the stock were exchanged, compared to its average volume of 1,298,331. The stock has a market capitalization of $2.52 billion, a PE ratio of 32.19, a P/E/G ratio of 3.12 and a beta of 1.87. The company has a fifty day simple moving average of $36.12 and a two-hundred day simple moving average of $37.95. DigitalOcean has a 52 week low of $25.45 and a 52 week high of $47.02.

Insiders Place Their Bets

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

DigitalOcean Company Profile

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).