DigitalOcean (DOCN) Hits All-Time High on Stellar Revenues, Upbeat Q2

DigitalOcean Holdings Inc. (NYSE:DOCN) is one of the 10 Stocks Turning Heads With Double-Digit Gains.

DigitalOcean extended its winning streak to a third straight session on Tuesday, to hit a new all-time high, as investors took heart from its stellar revenue performance and a highly optimistic outlook for the second quarter of the year.

At intra-day trade, the stock climbed to its highest price of $153.47 before paring gains to finish the session just up by 40.40 percent at $152.77 apiece.

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In a statement, DigitalOcean Holdings Inc. (NYSE:DOCN) said that it raked in $257.9 million in revenues for the first three months of the year, marking a 22.4 percent jump from the $210.7 million in the same period a year earlier.

However, net income attributable to shareholders fell by 58.7 percent to $15.77 million from $38.2 million.

Looking ahead, DigitalOcean Holdings Inc. (NYSE:DOCN) is targeting its revenues for the second quarter of the year to grow by 24 to 25 percent to a range of $272 million to $274 million. For the full-year period, revenues are expected to soar by 25 to 27 percent to a range of $1.13 billion to $1.145 billion.

“The Inference and agentic era needs its own cloud. DigitalOcean built it, and our record Q1 results demonstrate the strength of our platform,” DigitalOcean Holdings Inc. (NYSE:DOCN) CEO Paddy Srinivasan said, noting that it exceeded its revenue and profitability guidance.

“We continue to invest in what we believe is a generational market opportunity, adding approximately 60 MW of incremental committed data center capacity that will come online throughout 2027 to support growing customer demand,” he noted.

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