DigitalOcean (DOCN)
(Delayed Data from NYSE)
$32.71 USD
+0.26 (0.80%)
Updated Apr 23, 2024 04:00 PM ET
3-Hold of 5 3
D Value A Growth A Momentum A VGM
Fundamental Charts
About PEG Ratio (TTM)
The company's trailing twelve month (TTM) PEG ratio is the P/E ratio divided by its long-term growth rate consensus. This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. Conventional wisdom says that a PEG ratio of 1 or less is considered good (at par or undervalued to its growth rate). A value greater than 1, in general, is not as good (overvalued to its growth rate). For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). A company with a P/E ratio of 40 and a growth rate of 50% would have a PEG ratio of 0.80 (40 / 50 = 0.80). Traditionally, investors would look at the stock with the lower P/E and deem it a bargain. But when compared to its growth rate, it doesn't have the earnings growth to justify its P/E. In this example, the one with the P/E of 40 is the better bargain because it is selling at a discount to its growth rate. So the PEG ratio tells you what you're paying for each unit of earnings growth.
DOCN 32.71 +0.26(0.80%)
Will DOCN be a Portfolio Killer in April?
Zacks Investment Research is releasing its prediction for DOCN based on the 1-3 month trading system that more than doubles the S&P 500.
Zacks News for DOCN
DigitalOcean Holdings, Inc. (DOCN) Stock Moves -0.03%: What You Should Know
DigitalOcean Holdings, Inc. (DOCN) Registers a Bigger Fall Than the Market: Important Facts to Note
DOCN: What are Zacks experts saying now?
Zacks Private Portfolio Services
DigitalOcean Holdings, Inc. (DOCN) Advances But Underperforms Market: Key Facts
Docebo Inc. (DCBO) Soars to 52-Week High, Time to Cash Out?
Can DigitalOcean Holdings, Inc. (DOCN) Run Higher on Rising Earnings Estimates?
Other News for DOCN
Barclays' three themes on U.S. software names ahead of earnings
DigitalOcean: Good Potential With A Long-Term Story, But We Have Reservations
DOCN Crosses Below Key Moving Average Level
Barclays Sticks to Their Buy Rating for DigitalOcean Holdings (DOCN)
DigitalOcean Announces Date of First Quarter 2024 Earnings Conference Call