Why DigitalOcean (DOCN) Stock Is Up Today : vimarsana.com

Why DigitalOcean (DOCN) Stock Is Up Today

Shares of cloud computing provider DigitalOcean (NYSE: DOCN) jumped 14.6% in the pre-market session after the company reported fourth quarter results and delivered very solid free cash flow. Its revenue narrowly outperformed Wall Street's estimates while EPS beat by a more convincing margin. On the other hand, gross margin decreased. Looking ahead, revenue guidance for the next quarter and full year came in roughly in line with expectations. Having experienced macro challenges in 2023, managemen

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