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DigitalOcean Holdings, Inc. - DOCN STOCK NEWS

Welcome to our dedicated page for DigitalOcean Holdings news (Ticker: DOCN), a resource for investors and traders seeking the latest updates and insights on DigitalOcean Holdings stock.

DigitalOcean Holdings, Inc. (NYSE: DOCN) is a leading cloud computing platform designed to simplify cloud infrastructure for developers, start-ups, and small to medium-sized businesses globally. With a strong presence across North America, Europe, Asia, and other regions, DigitalOcean provides a comprehensive suite of on-demand infrastructure and platform tools, enabling customers to deploy, manage, and scale applications efficiently.

Founded with the mission to make cloud computing accessible to all developers, DigitalOcean offers an intuitive interface and flexible API, making it easier for users to manage their cloud environments. The platform supports a wide array of use cases, including web and mobile applications, website hosting, e-commerce, media, gaming, personal web projects, and managed services.

DigitalOcean is known for its robust feature set and extensive library of tutorials, which help developers overcome challenges in cloud computing. The company also fosters a passionate community of technologists committed to continuous learning and open communication.

In terms of financial health, DigitalOcean is a high-growth technology company. Recently, the company announced that it would replace Agiliti Inc. in the S&P SmallCap 600, effective May 7, 2024, marking a significant milestone in its market presence.

Notable achievements include the development of innovative solutions to improve the user experience and the successful launch of new cloud services aimed at enhancing scalability and performance for their diverse customer base. DigitalOcean continues to pursue strategic partnerships and technological advancements to maintain its competitive edge in the cloud computing market.

For the latest updates and news about DigitalOcean Holdings, Inc., visit our website or follow us on our social media channels.

News

DigitalOcean Unveils Enhanced Data Backups to Strengthen Business Continuity

Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) has introduced the next evolution of DigitalOcean Backups, offering enhanced daily, system-level backups of DigitalOcean Droplets to protect users from data disruptions and support business continuity. This new offering aims to provide peace of mind to startups, ISVs, and growing digital businesses by simplifying data resiliency without the burden of complex solutions.
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DigitalOcean’s Cloudways Launches Autonomous to Ensure High Availability for Growing Business Websites

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DigitalOcean Holdings, Inc. (NYSE: DOCN) announces the launch of Autonomous, a managed WordPress hosting offering through Cloudways. Autonomous is designed to simplify website management and help businesses handle fluctuating website traffic without overestimating hosting needs. It automatically scales resources to meet demand, providing high availability and predictable pricing. Testimonials from users highlight the positive impact of Autonomous on website performance and business operations. The service is available in various regions across the US, UK, EUR & Asia.
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DigitalOcean Announces Date of Fourth Quarter 2023 Earnings Conference Call

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DigitalOcean Holdings, Inc. (NYSE: DOCN) will report Q4 and fiscal year 2023 financial results on February 21, 2024. A conference call will be held to discuss the earnings and financial outlook. The webcast link and materials will be available on the investor relations website.
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-1.72%
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DigitalOcean Announces Availability of NVIDIA H100 GPUs on Paperspace Platform, Expanding Access to AI Compute for Startups and Growing Digital Businesses

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DigitalOcean Holdings, Inc. announces the virtualized availability of NVIDIA H100 Tensor Core GPUs on its Paperspace platform, providing startups and growing digital businesses with state-of-the-art infrastructure crucial for developing AI/ML applications. The surge in interest for accelerated AI computing has fueled the demand for NVIDIA H100 GPUs, which significantly reduce training iteration periods and model inference response times. DigitalOcean is committed to providing solutions that offer superior performance and keep costs in check, lowering the barriers of entry for smaller businesses looking to leverage AI to improve profitability and efficiency.
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DigitalOcean Appoints Paddy Srinivasan as Chief Executive Officer

Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) has appointed Paddy Srinivasan as the new Chief Executive Officer and a member of its Board of Directors, effective February 12, 2024. Srinivasan brings a successful track record in cloud technology and operational execution from his previous role as CEO of GoTo, a $1B+ revenue SaaS company. He is expected to lead DigitalOcean through its next phase of innovation and growth, leveraging his extensive experience in product and technology leadership. Srinivasan's appointment follows the successful tenure of outgoing CEO Yancey Spruill, who has led the Company since 2019, taking it public and driving significant financial improvements.
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DigitalOcean Currents Report Finds That Adoption of AI/ML, and Investments in Cybersecurity and Multi-cloud Strategies Are On The Rise at Small Businesses

Rhea-AI Summary
DigitalOcean Holdings, Inc. (NYSE: DOCN) announced findings from its Currents report, revealing strong intent to leverage AI/ML and increase cybersecurity spending. 78% of organizations plan to increase AI/ML use, 37% to boost cybersecurity spending, and 35% are adopting multi-cloud approaches. The report also highlights trends in startups, remote work, AI adoption, and cloud computing.
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DigitalOcean Announces Third Quarter 2023 Financial Results

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DigitalOcean Holdings, Inc. (NYSE: DOCN) reported its Q3 2023 results, with revenue growing by 16% to $177 million. The company achieved a GAAP net income of $19 million and an adjusted EBITDA of $76 million. Year to date, operating cash flow reached $154 million and adjusted free cash flow was $127 million.
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DIGITALOCEAN INVESTOR DEADLINE APPROACHING

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Investors in DigitalOcean urged to contact Faruqi & Faruqi regarding potential claims
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DigitalOcean Introduces Cloud-Hosted Scalable Storage for Managed Databases

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DigitalOcean launches Scalable Storage for PostgreSQL and MySQL Managed Databases, providing flexible and cost-effective storage options for SMBs and startups.
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DigitalOcean Announces Date of Third Quarter 2023 Earnings Conference Call

Rhea-AI Summary
DigitalOcean Holdings, Inc. will report Q3 financial results on November 2, 2023, after market close. A conference call will be held to discuss results and outlook. Webcast and replay available on investor relations website.
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FAQ

What is the current stock price of DigitalOcean Holdings (DOCN)?

The current stock price of DigitalOcean Holdings (DOCN) is $35.7 as of December 20, 2024.

What is the market cap of DigitalOcean Holdings (DOCN)?

The market cap of DigitalOcean Holdings (DOCN) is approximately 3.3B.

What is DigitalOcean Holdings, Inc.?

DigitalOcean Holdings, Inc. is a cloud computing platform that provides on-demand infrastructure and platform tools for developers, start-ups, and SMBs globally.

What services does DigitalOcean offer?

DigitalOcean offers a range of services including web and mobile application deployment, website hosting, e-commerce support, media, gaming, personal projects, and managed services.

What makes DigitalOcean unique?

DigitalOcean is known for its intuitive interface, flexible API, extensive tutorial library, and a strong community of technologists aimed at making cloud computing simpler for developers.

Where is DigitalOcean's business presence?

DigitalOcean has a business presence in North America, Europe, Asia, and other regions around the world.

What recent achievements has DigitalOcean announced?

DigitalOcean recently announced it would replace Agiliti Inc. in the S&P SmallCap 600, effective May 7, 2024.

How does DigitalOcean support its users?

DigitalOcean supports its users through a robust set of features, an intuitive platform, extensive tutorials, and a passionate community of technologists.

Who are DigitalOcean's primary customers?

DigitalOcean primarily serves developers, start-ups, and small to medium-sized businesses.

What is DigitalOcean's mission?

DigitalOcean's mission is to simplify cloud computing for every developer, making it accessible and efficient.

What type of projects can be hosted on DigitalOcean?

Projects hosted on DigitalOcean include web and mobile applications, website hosting, e-commerce sites, media, gaming, personal web projects, and managed services.

How can I stay updated with the latest news from DigitalOcean?

You can stay updated with the latest news from DigitalOcean by visiting their website or following their social media channels.

Stock DOCN logo
DigitalOcean Holdings, Inc.

NYSE:DOCN

DOCN Rankings

#1577 Ranked by Market Cap
N/A Ranked by Dividends

DOCN Stock Data

3.31B
62.25M
32.24%
60.14%
7.04%
Software - Infrastructure
Services-computer Programming, Data Processing, Etc.
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United States of America
NEW YORK