DigitalOcean Holdings, Inc. (DOCN) on Decifer

Why it ranks here

• Sales are growing about 54% a year, faster than 90 in 100 companies we measure.
• It keeps about 5 cents of every sales dollar as cash, safer than 60 in 100 companies we measure.
• It earns about 16% a year on the money put into the business, better than 76 in 100 companies we measure.
• It costs about 49 times its yearly profit; the middle of its industry is 36. Cheaper than 28 in 100 companies we measure, against their own industries.

The current read

The evidence on DOCN lines up on the supportive side: a live market force supports this name through its theme connection. The independent signals we track are telling the same story.

Themes

• Cloud & Data Platform Migration: Enterprises are still mid-cycle in migrating compute, storage and applications off legacy on-prem stacks toward hybrid and public cloud architectures.

Read the full DOCN research brief · See all quality rankings

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