DigitalOcean (NYSE:DOCN) Releases FY 2025 Earnings Guidance

DigitalOcean (NYSE:DOCN) updated its FY 2025 earnings guidance on Wednesday. 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Stifel Nicolaus lowered their target price on shares of DigitalOcean from $40.00 to $33.00 and set a “hold” rating for the company in a research note on Monday, April 7th. Bank of America raised their price objective on DigitalOcean from $28.00 to $31.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 26th. UBS Group upped their target price on DigitalOcean from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Cantor Fitzgerald raised their price target on DigitalOcean from $39.00 to $43.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Finally, JMP Securities boosted their price target on DigitalOcean from $47.00 to $55.00 and gave the stock a “market outperform” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, DigitalOcean currently has a consensus rating of “Hold” and an average price target of $42.18.

DigitalOcean Trading Up 1.9 %

Shares of NYSE:DOCN opened at $28.12 on Wednesday. DigitalOcean has a 12-month low of $25.45 and a 12-month high of $47.02. The business has a 50 day moving average of $37.19 and a two-hundred day moving average of $38.19. The company has a market capitalization of $2.59 billion, a PE ratio of 33.08, a PEG ratio of 3.12 and a beta of 1.87.

Insider Buying and Selling

In other news, insider Bratin Saha sold 3,948 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $36.63, for a total transaction of $144,615.24. Following 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.74% of the stock is currently owned by insiders.

About DigitalOcean

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).