We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DigitalOcean Holdings, Inc. (DOCN) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
DigitalOcean Holdings, Inc. (DOCN - Free Report) closed the most recent trading day at $58.20, moving +1.71% from the previous trading session. This change outpaced the S&P 500's 0.37% loss on the day.
Heading into today, shares of the company had lost 19.1% over the past month, lagging the Computer and Technology sector's loss of 8.73% and the S&P 500's loss of 6.01% in that time.
Wall Street will be looking for positivity from DigitalOcean Holdings, Inc. as it approaches its next earnings report date. This is expected to be February 24, 2022.
Investors might also notice recent changes to analyst estimates for DigitalOcean Holdings, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. DigitalOcean Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, DigitalOcean Holdings, Inc. is holding a Forward P/E ratio of 101.88. This valuation marks a premium compared to its industry's average Forward P/E of 49.52.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DigitalOcean Holdings, Inc. (DOCN) Gains As Market Dips: What You Should Know
DigitalOcean Holdings, Inc. (DOCN - Free Report) closed the most recent trading day at $58.20, moving +1.71% from the previous trading session. This change outpaced the S&P 500's 0.37% loss on the day.
Heading into today, shares of the company had lost 19.1% over the past month, lagging the Computer and Technology sector's loss of 8.73% and the S&P 500's loss of 6.01% in that time.
Wall Street will be looking for positivity from DigitalOcean Holdings, Inc. as it approaches its next earnings report date. This is expected to be February 24, 2022.
Investors might also notice recent changes to analyst estimates for DigitalOcean Holdings, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. DigitalOcean Holdings, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, DigitalOcean Holdings, Inc. is holding a Forward P/E ratio of 101.88. This valuation marks a premium compared to its industry's average Forward P/E of 49.52.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.