DigitalOcean Analysts Increase Their Forecasts Following Strong Q1 Results

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DigitalOcean Holdings, Inc. (NYSE:DOCN) reported better-than-expected first-quarter financial results and raised its fiscal-year 2026 guidance above estimates.

DigitalOcean reported adjusted earnings per share of 44 cents, beating the consensus estimate of 27 cents. In addition, it reported revenue of $257.90 million, beating the consensus estimate of $249.74 million.

DigitalOcean raised its fiscal-year 2026 adjusted earnings per share guidance from between 75 cents and $1.00 to between $1.10 and $1.20, versus the consensus estimate of $1.02. Furthermore, it raised its fiscal-year 2026 revenue guidance from between $1.07 billion and $1.10 billion to between $1.13 billion and $1.14 billion, versus the consensus estimate of $1.09 billion.

The company anticipates second-quarter adjusted earnings per share between …

Full story available on Benzinga.com

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