DigitalOcean Up 7.7% in a Month: Is DOCN Stock Worth Buying?
DOCNDigitalOcean(DOCN) ZACKS·2024-08-16 23:36

DigitalOcean’s (DOCN) shares have gained 7.7% in the past month, outperforming the broader Zacks Computer & Technology sector’s decline of 2.7%.The outperformance can be attributed to the strong adoption of DOCN’s AI and machine learning (ML) products. It reported terrific second-quarter 2024 results, with earnings and revenues surpassing the Zacks Consensus Estimate by 23.08% and 2.04%, respectively. Earnings of 48 cents per share increased 9.1% on 13% year-over-year top-line growth that reached $192 milli ...