Buy This Beaten-Down Cloud Stock Before Growth Picks Up
For developers and small businesses looking to avoid the complexity of sprawling cloud computing platforms, DigitalOcean (NYSE: DOCN) is an attractive option.
While platforms like Amazon Web Services offer enormous lists of products, features, and services, there are some serious downsides. Costs can be hard to predict; learning curves are often steep; and tight integration between different services can make switching providers difficult.
DigitalOcean takes the opposite approach. While the company has expanded its menu of products, the platform remains heavily skewed toward the basics. DigitalOcean offers virtual servers, serverless functions, Kubernetes, managed databases, storage products, and some other odds and ends. Through the acquisitions of Cloudways and Paperspace, it's added managed hosting services and an AI platform.
Source Fool.com
