Latest news with #DigitalOceanHoldings
Yahoo
23-05-2025
- Business
- Yahoo
Is the Options Market Predicting a Spike in DigitalOcean Holdings (DOCN) Stock?
Investors in DigitalOcean Holdings, Inc. DOCN need to pay close attention to the stock based on moves in the options market lately. That is because the July 18, 2025 $17.5 Call had some of the highest implied volatility of all equity options today. Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy. Clearly, options traders are pricing in a big move for DigitalOcean Holdings shares, but what is the fundamental picture for the company? Currently, DigitalOcean Holdings is a Zacks Rank #3 (Hold) in the Internet – Software industry that ranks in the Top 20% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while three have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 48 cents per share to 47 cents in that period. Given the way analysts feel about DigitalOcean Holdings right now, this huge implied volatility could mean there's a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected. Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk. Click to see the trades now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DigitalOcean Holdings, Inc. (DOCN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-04-2025
- Business
- Yahoo
US High Growth Tech Stocks to Watch
The United States market has experienced a notable upswing, rising 7.1% over the last week and climbing 7.7% in the past year, with earnings forecasted to grow by 14% annually. In this context of growth, identifying high-growth tech stocks involves looking for companies that demonstrate strong innovation potential and adaptability to evolving market trends. Name Revenue Growth Earnings Growth Growth Rating Super Micro Computer 20.27% 29.79% ★★★★★★ Alkami Technology 20.46% 85.16% ★★★★★★ Travere Therapeutics 28.65% 66.06% ★★★★★★ TG Therapeutics 26.06% 37.39% ★★★★★★ Arcutis Biotherapeutics 26.11% 58.46% ★★★★★★ Clene 62.08% 64.01% ★★★★★★ Alnylam Pharmaceuticals 23.08% 58.85% ★★★★★★ AVITA Medical 27.81% 55.17% ★★★★★★ Lumentum Holdings 21.34% 120.49% ★★★★★★ Ascendis Pharma 32.75% 59.64% ★★★★★★ Click here to see the full list of 233 stocks from our US High Growth Tech and AI Stocks screener. Here we highlight a subset of our preferred stocks from the screener. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Exact Sciences Corporation develops and markets cancer screening and diagnostic test products globally, with a market cap of approximately $8.44 billion. Operations: The company generates revenue primarily from its biotechnology segment, totaling approximately $2.76 billion. Its focus on cancer screening and diagnostic tests positions it within the healthcare sector, targeting both domestic and international markets. Exact Sciences is making significant strides in the high-growth tech sector, particularly with its recent advancements in cancer diagnostics. The launch of Oncodetect, a test for detecting molecular residual disease across multiple solid tumors, showcases their commitment to innovation; this test enhances treatment decisions and monitoring with its ability to detect one ctDNA molecule among 20,000 cfDNA molecules. With an R&D expense ratio that has consistently been above industry average at 15% of revenue, Exact Sciences is not just expanding its product line but also ensuring these innovations reach a broad audience through strategic Medicare collaborations and robust clinical validations like the Alpha-CORRECT study. This approach not only secures their position in precision medicine but also aligns with broader healthcare trends towards personalized care solutions. Get an in-depth perspective on Exact Sciences' performance by reading our health report here. Review our historical performance report to gain insights into Exact Sciences''s past performance. Simply Wall St Growth Rating: ★★★★☆☆ Overview: DigitalOcean Holdings, Inc. operates a cloud computing platform serving customers in North America, Europe, Asia, and other international markets with a market cap of $2.83 billion. Operations: DigitalOcean generates revenue primarily from its Internet Software & Services segment, which reported $780.62 million. The company focuses on providing cloud computing solutions across various global markets. DigitalOcean Holdings, Inc. (DOCN) has demonstrated robust growth and innovation in the tech sector, particularly with its recent product enhancements and strategic acquisitions. The company reported a significant 335.3% earnings growth over the past year, driven by smart expansions like the acquisition of Cloudways and Paperspace, which bolstered both revenue streams and technological capabilities. Its R&D spending is strategically aligned with its growth trajectory, ensuring continual innovation in cloud infrastructure services. With an anticipated annual revenue increase of 12.3% and earnings expected to rise by 23% per year, DOCN is effectively leveraging technological advancements to enhance scalability and performance for its clients. Recent launches like DigitalOcean Managed Caching for Valkey highlight its commitment to high-performance solutions that cater to dynamic market needs while maintaining competitive pricing structures. Unlock comprehensive insights into our analysis of DigitalOcean Holdings stock in this health report. Gain insights into DigitalOcean Holdings' historical performance by reviewing our past performance report. Simply Wall St Growth Rating: ★★★★☆☆ Overview: Grindr Inc. operates a social networking and dating application catering to the LGBTQ communities globally, with a market cap of approximately $4.39 billion. Operations: The company generates revenue primarily through its role as an Internet Information Provider, with reported figures of $344.64 million. Grindr's strategic expansions and innovative features, such as the recent rollout of "Right Now" in major cities worldwide, underscore its commitment to enhancing real-time user engagement. Despite being unprofitable with a significant net loss of $131 million in 2024, the company has managed to increase its revenue by 17.4% annually, outpacing the US market average of 8.2%. This growth is supported by a robust R&D focus which aligns with projected profitability within three years and an expected annual earnings increase of 46.18%. Moreover, Grindr's proactive approach in repurchasing $500 million worth of its stock signals confidence in its financial strategy and future market position. Dive into the specifics of Grindr here with our thorough health report. Evaluate Grindr's historical performance by accessing our past performance report. Dive into all 233 of the US High Growth Tech and AI Stocks we have identified here. Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NasdaqCM:EXAS NYSE:DOCN and NYSE:GRND. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
DigitalOcean Holdings, Inc. (DOCN): Among Billionaire George Soros' Small-Cap Stocks with Huge Upside Potential
We recently published a list of . In this article, we are going to take a look at where DigitalOcean Holdings, Inc. (NYSE:DOCN) stands against Billionaire George Soros' other small-cap stocks with huge upside potential. When a legendary investor like George Soros makes a move, Wall Street pays attention. However, most of the limelight is taken by mega-cap stocks, with no one paying heed to the many small-cap stocks that form an important part of Soros' portfolio. Digging out these small-cap stocks is important. In some cases, these are the mega-cap stocks of the future. In other cases, these provide amazing returns in a very short period of time. The key is to get in early. And what better way to get in early than to do it when the big guys do. We therefore decided to compile a list of stocks in billionaire George Soros' portfolio that have the most upside. To come up with our list of billionaire George Soros' 10 Small-Cap stocks with huge upside potential, we first looked at his top 50 stock holdings. We then filtered out the companies to look at only the ones with a market cap below $10 billion. After arriving at his top small-cap holdings list, we then looked at the median analyst price targets on those stocks and then ranked them by their upside potential. A close up view of a laptop computer, the cloud computing platform displayed on the screen. DigitalOcean Holdings, Inc. (NYSE:DOCN) operates a cloud computing platform. It offers on-demand platform tools and infrastructure for developers at growing tech firms. The company also provides infrastructure-as-a-service (IaaS) solutions, platform-as-a-service (PaaS) solutions, software-as-a-service (SaaS) solutions, and IP address management and domain name system management. According to the median analyst price target, the stock still has an upside of 64.92%. The firm's product innovation has accelerated over the past few quarters. It increased its product launches from 42 in Q3 2024 to 49 in Q4 2024. As per the guidance, 50+ product launches are expected in the first quarter of 2025. In addition to product innovation, the company's AI opportunity presents an impressive growth potential. It's recently launched GenAI platform could be a game changer. Based on DigitalOcean (NYSE:DOCN)'s outlook in machine learning and artificial intelligence, Morgan Stanley upgraded the firm at the beginning of this year from Equal-Weight to Overweight with an increased price target of $41. Later on, Citi also initiated coverage of the stock with a Buy rating and a $45 price target. Analyst Josh Baer mentioned: 'DigitalOcean's larger customers are demanding more product capabilities and the company is delivering.' Based on analysts' optimism, DOCN's prospects look promising. Overall, DOCN ranks 6th on our list of Billionaire George Soros' small-cap stocks with huge upside potential. While we acknowledge the potential of DOCN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than DOCN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
DigitalOcean Holdings, Inc. (DOCN) Reports Strong Growth with AI-Focused Expansion and New Product Innovations
We recently compiled a list of the . In this article, we are going to take a look at where DigitalOcean Holdings, Inc. (NYSE:DOCN) stands against the other AI stocks. The artificial intelligence revolution is fueling a fierce clash for increasingly scarce resources. That appears to be the case, given that a single query on ChatGPT requires nearly 10 times as much electricity as a traditional search query on Google. You will be mistaken to think that only power grids are being strained amid the AI boom. Water, land, metals, and minerals are some of the natural resources being strained as the AI race heats up. In addition to natural resources, millions of humans are always on dial engineering, correcting and training models at the heart of AI. AI mostly lives and works in data centers, which are humming with motherboards, chips, and storage devices. The demand for electricity from these centers is currently higher than the supply in many parts of the world. Likewise, Goldman Sachs reports that data centers in the US are likely to use 8% of all electricity by 2030, which is almost three times the percentage in 2022 when the AI craze first started. 'The data centers have to partner with utilities, the system operators, the communities, to really establish that these things are assets to the grid and not liabilities to the grid. Nobody's going to keep approving,' said Ali Fenn, president of Lancium, a company that secures land and power for data centers in Texas. Similarly, it's no longer a secret that resource-intensive AI will create winners and losers. Tech giants willing to spend billions of dollars appear to be having an edge. That might explain why the US tech giants are on course to spend $320 billion in 2025, primarily to enhance their AI infrastructure. Likewise, it is a battle for supremacy between nations as they look to outdo each other on a technology that's emerged as a matter of national security. The US has already passed legislation prohibiting the sale of advanced chips and equipment to China. Beijing has also hit back with similar restrictions. 'We will safeguard American AI and chip technologies from theft and misuse, work with our allies and partners to strengthen and extend these protections and close pathways to adversaries attaining AI capabilities that threaten all of our people,' said US Vice President JD Vance The fact that AI is causing conflicts over increasingly limited resources, including chips, is no longer a secret. It is encouraging tech companies to look for more effective ways to develop artificial intelligence. They are investing billions of dollars in alternative energy sources like nuclear fusion, which have been stuttering along for years or even decades without significant investment or technological advancements. Even though the world is on track to surpass important emissions targets in the fight against climate change, the demands of AI are increasing the pressure to continue burning fossil fuels to power the grid. There is danger even though the AI rollout offers investors, companies, and societies many opportunities. Numerous people have brought up the possibility of such systems being biased and harmful. Meanwhile, Wall Street is growing weary of waiting for the technology to produce significant financial gains. Even emphasizing efficiency could become a liability for those who make excessive infrastructure investments. For this article, we selected AI stocks by going through news articles, stock analysis, and press releases. These stocks are also popular among hedge funds in Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A close up view of a laptop computer, the cloud computing platform displayed on the Holdings, Inc. (NYSE:DOCN) is a cloud computing company that provides infrastructure and platform tools to developers and businesses. It also provides cloud infrastructure and services specifically designed to simplify AI development for developers. On February 25, the company confirmed that continued traction on AI and focus on higher spend customers drove fourth quarter and fiscal year 2024 revenue growth for its top 500+ customers. Consequently, DigitalOcean Holdings, Inc. (NYSE:DOCN) logged a 13% year-over-year revenue increase to $205 million as net income attributable to shareholders increased 15% to $18 million. The solid financial results came on the company releasing 49 new products and features in the year. It also unveiled a GenAI platform that makes creating, deploying, and integrating agents for real applications easy. During the year, the company also announced the public preview of Cloudways Copilot, which is a suite of AI solutions. Overall DOCN ranks 8th on our list of the trending AI stocks. While we acknowledge the potential of DOCN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DOCN but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
01-03-2025
- Business
- Yahoo
DigitalOcean Holdings Full Year 2024 Earnings: EPS Beats Expectations
Revenue: US$780.6m (up 13% from FY 2023). Net income: US$84.5m (up 335% from FY 2023). Profit margin: 11% (up from 2.8% in FY 2023). The increase in margin was driven by higher revenue. EPS: US$0.92 (up from US$0.21 in FY 2023). All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.7%. The primary driver behind last 12 months revenue was the Europe segment contributing a total revenue of US$222.0m (28% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$148.2m (39% of total expenses). Explore how DOCN's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the IT industry in the US. Performance of the American IT industry. The company's shares are up 9.0% from a week ago. Be aware that DigitalOcean Holdings is showing 2 warning signs in our investment analysis that you should know about... Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
