NYSE:DOCNIT
DigitalOcean (DOCN) Stock Asks Whether AI Growth Can Outrun Earnings Drift
The market is giving DigitalOcean Holdings a cautious nod rather than a standing ovation. The stock is up about 1.4% today after a choppy few months, which is a mild reaction to a quarter that put hard numbers behind the AI cloud story. Revenue reached US$281.2m with roughly 29% year over year growth, while adjusted EBITDA margin held at a hefty 40%.
For investors, the sentiment gap is clear. The price is already rich on a P/E of 64.1x, yet this print shows a business generating cash and...