Exhibit 99.1 DigitalOcean Announces First Ouarter 2024 Financial Results Revenue Growth Increases to 12% on Improving Core Cloud Performance and Robust Al Platform Demand Strong Profitability with Net Income Margin of 8% and Adjusted EBITDA Margin of 40% NEW YORK, May 10, 2024 – DigitalOcean Holdings, Inc. (NYSE: DOCN), the developer cloud optimized for startups and growing technology businesses, today announced results for its first quarter ended March 31, 2024. "The first quarter was a strong start to the ...

DigitalOcean (DOCN) is scheduled to report first-quarter 2024 results on May 10.For the first quarter, DigitalOcean anticipates revenues between $182 million and $183 million.The Zacks Consensus Estimate for first-quarter revenues is pegged at $182.7 million, suggesting growth of 10.64% year over year.The company projects earnings in the range of 37-39 cents. The consensus mark for first-quarter earnings remained unchanged in the past 30 days at 38 cents per share, suggesting growth of 35.71% year over year ...

DigitalOcean Holdings, Inc. (DOCN) shares rallied 8.1% in the last trading session to close at $35.53. 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 earning ...

Could the company be growing faster than anticipated?Shares of cloud-computing company DigitalOcean (DOCN 9.81%) jumped on Wednesday, getting a boost from investors extrapolating positive results from Amazon. Moreover, the company is getting some recognition by being added to a prominent stock index. As of 12:10 p.m. ET, DigitalOcean stock was up 8%.Companies are spending on cloud computing againDigitalOcean stock has essentially traded sideways over the past year because its growth is slowing considerably ...

NEW YORK, April 30, 2024 /PRNewswire/ -- DigitalOcean Holdings Inc. (NYSE: DOCN) will replace Agiliti Inc. (NYSE: AGTI) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, May 7. Thomas H. Lee Partners L.P. is acquiring Agiliti in a deal expected to be completed on or about that date pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GIC ...

These stocks have carved new niches in established industries.The Nasdaq may have reached a turning point. In the five trading sessions during the third week in April, the Nasdaq Composite dropped almost 6% and Nvidia fell 14%.The good news is that pullback was more likely a healthy correction than a sign of a permanent decline. That makes more tech stocks a buy. With the lower share prices and many tech stocks showing signs of a resurgence, it may be an excellent time to buy these three stocks.DigitalOcean ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Analysts on Wall Street expect robust earnings from this small-cap stock.Fool.com contributor Parkev Tatevosian, using Wall Street analyst estimates, evaluates how high this small-cap stock could rise by the end of the year. *Stock prices used were the afternoon prices of April 12, 2024. The video was published on April 14, 2024. ...

As we venture into the fourth month of 2024, the ongoing stock market rally shows no signs of waning. Consequently, many stock pickings, particularly in the artificial intelligence sector, are becoming pricier to acquire.Nevertheless, given their recent downturns and price reversals in the preceding year, there exists a multitude of options for stock traders that hold the potential for profitable long-term investments. Conducting an analysis encompassing fundamentals, technicals, and past performance, Finbo ...

Tiny cloud infrastructure provider DigitalOcean (DOCN -2.30%) closed out 2023 in a less-than-ideal fashion. Generative artificial intelligence infrastructure is starting to equate to a pickup in cloud computing spending among its tech titan peers, but not so much for DigitalOcean -- at least not yet.You see, the company made an AI start-up purchase of its own last summer, and it has a new CEO at the helm. Is it too late to buy the stock?The plan to accelerate growthDigitalOcean has made a name for itself pr ...