DigitalOcean Holdings Receives ‘Hold’ Rating from Brokerages at Defense World
August 1, 2023
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DIGITALOCEAN ($NYSE:DOCN): DigitalOcean Holdings, Inc. recently received a ‘Hold’ rating from brokerages at Defense World. It provides developers, start-ups, and SMBs with cloud computing services, such as virtual private servers and web hosting. DigitalOcean offers a range of plans and services which enable its customers to easily deploy and manage cloud-based applications. DigitalOcean offers its customers a wide range of features, including a user-friendly control panel, access to a rich library of tutorials and resources, and an expansive global footprint of data centers. The company generates revenue through the sale of cloud computing resources, which include virtual machines, object storage, databases, load balancers, and networking. DigitalOcean is also dedicated to providing customers with a reliable and secure infrastructure. The company employs advanced security measures to protect customer data, including firewalls, encryption, and DDoS protection.
Additionally, DigitalOcean provides users with the option to deploy their own private networks in its data centers. The brokerages at Defense World have given DigitalOcean Holdings an average rating of ‘Hold’ based on the company’s strategic investments in its platform and the ongoing development of its products and services. The analyst firm believes that the stock is fairly valued at this time and is unlikely to see significant upside in the near term.
Price History
On Monday, DigitalOcean Holdings Inc. (DIGITALOCEAN HOLDINGS) saw a steady jump in its stock price after Defense World reported that brokerages gave the company a ‘Hold’ rating. The stock opened at $48.2 and closed at $49.5, marking an increase of 2.5% from its prior closing price of $48.3. The rating was based on an analysis of the company’s fundamentals, outlook, and risk factors. Analysts at Defense World opined that the stock is expected to remain range-bound in the short-term, with a few more upside potential should the company’s fundamentals improve. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Digitalocean Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 614.13 | -40.65 | -4.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Digitalocean Holdings. More…
| Operations | Investing | Financing |
| 200.97 | 80.82 | -716.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Digitalocean Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.58k | 1.8k | -2.42 |
Key Ratios Snapshot
Some of the financial key ratios for Digitalocean Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 31.3% | – | -4.6% |
| FCF Margin | ROE | ROA |
| 13.2% | 21.0% | -1.1% |
Analysis
At GoodWhale, we analyze the fundamentals of DIGITALOCEAN HOLDINGS to provide our users with insights on their investment. We have determined that it is a high risk investment in terms of financial and business aspects. To arrive at this conclusion, we have identified 4 risk warnings in DIGITALOCEAN HOLDINGS’ income sheet, balance sheet, cashflow statement, and financial journal. If you are interested to learn more about these risk warnings, sign up to become a registered user and check them out. More…
Peers
Its competitors include Microsoft Corp, Wix.com Ltd, and MongoDB Inc.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market capitalization of $1.81 trillion as of April 2021. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and services. The company’s best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of tablets, laptops, and desktop computers.
– Wix.com Ltd ($NASDAQ:WIX)
Wix.com Ltd is a cloud-based web development platform that enables users to create HTML5 websites and mobile sites through the use of online drag and drop tools. The company has a market capitalization of $4.59 billion and a return on equity of 107.59%. Wix.com was founded in 2006 and is headquartered in Tel Aviv, Israel.
– MongoDB Inc ($NASDAQ:MDB)
MongoDB is a leading modern, general purpose database platform. It has a strong reputation for delivering high performance, ease of use, and scalability. The company has a market capitalization of 12.98B as of 2022. MongoDB’s return on equity is -32.06%. The company provides a powerful document model that makes data easy to work with and helps developers build applications faster.
Summary
DigitalOcean Holdings, Inc. (DOH) has recently received an average rating of “Hold” from brokerages, according to Defense World. Investors should carefully consider the risks associated with investing in the company, as the stock may be subject to volatility and erratic pricing movements. The company’s fundamentals may also be affected by macroeconomic events, changes in market conditions, and shifts in consumer sentiment. A thorough review of financial statements and market trends should be conducted before making any purchase or sale decisions.
Additionally, investors should remain alert to potential regulatory and legal developments that could affect their investments. Finally, investors should remember that they are responsible for their own due diligence when making investing decisions and should do their own research in order to make informed decisions.
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