Why DigitalOcean Stock Sank Today
DigitalOcean(DOCN) The Motley Fool·2024-11-05 02:20
It's an odd reaction from investors considering the relatively strong numbers it just reported.Shares of cloud computing company DigitalOcean (DOCN -10.94%) sank on Monday after the company reported financial results for the third quarter of 2024. As of noon ET, DigitalOcean stock was down 10%. But it was a somewhat odd reaction considering the company beat Q3 expectations and raised its full-year financial guidance.When a beat and raise isn't good enoughDigitalOcean's management had expected Q3 revenue of ...