NYSE:DOCNIT
DigitalOcean Holdings (DOCN) Is Up 5.0% After Strong Earnings Positive Guidance and Convertible Note Offering - What's Changed
Earlier this month, DigitalOcean Holdings reported second quarter sales of US$218.7 million and net income of US$37.03 million, announced optimistic revenue guidance for the upcoming quarter and full year, and completed a US$550 million zero-coupon convertible note offering due 2030.
In addition to strong results and forecasts, the company continued its share buyback program, repurchasing 691,290 shares, a move often seen as a signal of management's confidence in the business.
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