D

DigitalOcean Holdings Inc
NYSE:DOCN

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DigitalOcean Holdings Inc
NYSE:DOCN
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Price: 35.7 USD 0.71% Market Closed
Market Cap: 3.3B USD
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DigitalOcean Holdings Inc
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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DigitalOcean Holdings Inc
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
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DigitalOcean Holdings Inc
NYSE:DOCN
Tax Provision
-$7.4m
CAGR 3-Years
-101%
CAGR 5-Years
-43%
CAGR 10-Years
N/A
Cloudflare Inc
NYSE:NET
Tax Provision
-$8m
CAGR 3-Years
N/A
CAGR 5-Years
-64%
CAGR 10-Years
N/A
GoDaddy Inc
NYSE:GDDY
Tax Provision
$1.2B
CAGR 3-Years
N/A
CAGR 5-Years
142%
CAGR 10-Years
71%
Snowflake Inc.
NYSE:SNOW
Tax Provision
$11.2m
CAGR 3-Years
N/A
CAGR 5-Years
N/A
CAGR 10-Years
N/A
MongoDB Inc
NASDAQ:MDB
Tax Provision
-$12.5m
CAGR 3-Years
-42%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
Verisign Inc
NASDAQ:VRSN
Tax Provision
-$166.5m
CAGR 3-Years
-4%
CAGR 5-Years
N/A
CAGR 10-Years
N/A
No Stocks Found

DigitalOcean Holdings Inc
Glance View

Market Cap
3.3B USD
Industry
Technology

In the bustling world of cloud computing, DigitalOcean Holdings Inc. has carved out a unique space that emphasizes simplicity and ease of use. Founded with the mission to cater to developers and small- to medium-sized businesses, DigitalOcean thrives by providing cloud infrastructure and platform services that are straightforward and affordable. The company offers a range of products, including scalable compute instances—commonly referred to as "Droplets"—and managed database services, among others. DigitalOcean's focus on user-friendly interfaces and competitive pricing sets it apart in an industry dominated by giants like AWS, Microsoft Azure, and Google Cloud. The company’s dedication to community engagement is evident through its robust library of tutorials and documentation, ensuring users can hit the ground running without needing a deep technical background. DigitalOcean’s business model capitalizes on a recurring revenue scheme derived from its myriad of services, primarily sold on a pay-as-you-go basis. Customers are charged based on their usage of compute, storage, and network resources, allowing for predictable revenue streams. Additionally, the company enhances its profitability by expanding its product suite, striving to foster deeper engagement with existing users while attracting new ones. As the digital transformation wave continues to surge globally, DigitalOcean's customer-centric approach and commitment to simplicity propel it as a viable option for developers and organizations that require reliable cloud solutions without the hefty complexity and cost typically associated with larger providers.

DOCN Intrinsic Value
51.14 USD
Undervaluation 30%
Intrinsic Value
Price
D

See Also

What is DigitalOcean Holdings Inc's Tax Provision?
Tax Provision
-7.4m USD

Based on the financial report for Dec 31, 2023, DigitalOcean Holdings Inc's Tax Provision amounts to -7.4m USD.

What is DigitalOcean Holdings Inc's Tax Provision growth rate?
Tax Provision CAGR 5Y
-43%

Over the last year, the Tax Provision growth was -88%. The average annual Tax Provision growth rates for DigitalOcean Holdings Inc have been -101% over the past three years , -43% over the past five years .

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