Why DigitalOcean Rocketed Higher This Week
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
