Published on 20 Mar 2024 on Zacks via Yahoo Finance

DigitalOcean Holdings, Inc. (DOCN) Advances But Underperforms Market: Key Facts

DigitalOcean Holdings, Inc. (DOCN) closed the latest trading day at $39.27, indicating a +0.03% change from the previous session's end. This change lagged the S&P 500's 0.89% gain on the day. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 1.25%.

Coming into today, shares of the company had gained 6.11% in the past month. In that same time, the Computer and Technology sector gained 3.77%, while the S&P 500 gained 3.56%.

Investors will be eagerly watching for the performance of DigitalOcean Holdings, Inc. in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.38, showcasing a 35.71% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $182.7 million, indicating a 10.64% growth compared to the corresponding quarter of the prior year.