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DigitalOcean (DOCN)

(Delayed Data from NYSE)

$32.44 USD

32.44
908,928

-0.58 (-1.76%)

Updated Apr 25, 2024 04:00 PM ET

After-Market: $33.06 +0.62 (1.91%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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D Value A Growth A Momentum A VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Top 23% (57 out of 251)

Industry: Internet - Software

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Better trading starts here.

Balance Sheet

Research for DOCN

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for DigitalOcean Holdings, Inc falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 412 864 1,713 100 33
Receivables 62 54 40 27 21
Notes Receivable 0 0 0 0 0
Inventories 0 0 0 0 0
Other Current Assets 29 28 17 21 7
Total Current Assets 503 947 1,770 148 61
Net Property & Equipment 305 273 250 239 206
Investments & Advances 0 0 0 0 0
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 2 1 0 0 0
Intangibles 488 433 75 37 33
Deposits & Other Assets 7 8 6 6 3
Total Assets 1,461 1,816 2,101 430 302
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 4 21 13 12 27
Current Portion Long-Term Debt 0 0 0 17 15
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 31 34 32 27 16
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 76 51 14 28 14
Total Current Liabilities 193 164 58 85 73
Mortgages 0 0 0 0 0
Deferred Taxes/Income 4 18 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 1,478 1,470 1,463 242 176
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 10 4 1 175 126
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,775 1,765 1,523 502 375
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 31 264 770 100 56
Retained Earnings -344 -211 -187 -167 -123
Other Equity 0 -2 0 0 0
Treasury Stock 0 0 5 5 5
Total Shareholder's Equity -314 51 578 -72 -72
Total Liabilities & Shareholder's Equity 1,461 1,816 2,101 430 302
Total Common Equity -314 51 578 -72 -72
Shares Outstanding 86.00 96.30 109.10 NA NA
Book Value Per Share -3.65 0.53 5.30 0.00 0.00

Fiscal Year End for DigitalOcean Holdings, Inc falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 412 384 551 613
Receivables NA 62 60 57 55
Notes Receivable NA 0 0 0 0
Inventories NA 0 0 0 0
Other Current Assets NA 29 27 34 31
Total Current Assets NA 503 471 642 699
Net Property & Equipment NA 305 285 271 278
Investments & Advances NA 0 0 0 0
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 2 1 1 1
Intangibles NA 488 494 410 414
Deposits & Other Assets NA 7 8 7 7
Total Assets NA 1,461 1,425 1,498 1,584
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 4 14 10 11
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 31 25 28 38
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 76 69 58 64
Total Current Liabilities NA 193 184 167 186
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 4 7 5 4
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 1,478 1,476 1,474 1,472
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 10 6 7
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 1,775 1,784 1,765 1,802
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 31 0 0 29
Retained Earnings NA -344 -358 -267 -246
Other Equity NA 0 -1 -1 -1
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA -314 -359 -268 -218
Total Liabilities & Shareholder's Equity NA 1,461 1,425 1,498 1,584
Total Common Equity 0 -314 -359 -268 -218
Shares Outstanding 90.80 86.00 86.00 88.80 88.80
Book Value Per Share 0.00 -3.65 -4.17 -3.01 -2.45