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Why DigitalOcean Rocketed Higher This Week

TheMotleyFool

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Why DigitalOcean Rocketed Higher This WeekPhoto, wide shot, wide-angle lens, Cloud computing provider, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/893880f6-c6d9-4518-b1a0-f0be05207ac4.png

Shares of cloud computing platform DigitalOcean (NYSE: DOCN) were up 8% this week at 10:30 a.m. ET, according to data provided by S&P Global Market Intelligence.

The company reported fourth-quarter earnings earlier in the week and easily surpassed analysts' expectations. Revenue increased by 13% in Q4, and management guided for an additional 12% of sales growth in 2025.

While DigitalOcean's results were impressive overall, two specific items stood out during the earnings call.

Source Fool.com

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