DigitalOcean (DOCN) Moves 8.1% Higher: Will This Strength Last?
DOCNDigitalOcean(DOCN) Zacks Investment Research·2024-05-03 02:31

DigitalOcean Holdings, Inc. (DOCN) shares rallied 8.1% in the last trading session to close at 35.53.Thismovecanbeattributabletonotablevolumewithahighernumberofsharesbeingtradedthaninatypicalsession.Thiscomparestothestock′s11.735.53. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.7% loss over the past four weeks. DOCN is benefiting from strong spending in the cloud computing domain. Annual Run-Rate Revenue (ARR) ended the quarter at 730 million, representing 11% year-over-year growth. This company is expected to post quarterly earni ...