DigitalOcean Q2 FY12/24 Earnings Review

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Everything Good

by Alex King, CEO, Cestrian Capital Research, Inc

Digital Ocean delivered a great quarter. Revenue growth accelerated for the second quarter in a row; gross margin ticked up a little; EBITDA margins hit all-time highs as did unlevered pretax FCF margins. The stock remains at a valuation which is neither cheap nor expensive; technically the stock looks to be under accumulation still.

Below - available to paying subscribers of all tiers here - we review the fundamentals, the valuation, the stock chart, our rating and price target. Read on folks.