DigitalOcean Holdings, Inc. · Software - Infrastructure
DOCNDigitalOcean Holdings, Inc.
No earnings date on file for this stock yet.
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DigitalOcean earnings preview: what the record says
Across its last 8 reports, DOCN beat the EPS consensus 8 times out of 8 with a figure on file, and the stock moved an average of 16.5% on the first trading day, closing higher 6 of 8 times. That first-day move was larger than the options-implied move in 5 of 8 reports. Measured over five sessions, the average move was 13.7%.
Historically, DOCN has tended to move more than its options implied. Beats have mostly been rewarded: DOCN closed higher after 6 of its 8 EPS beats. NextPick tracks DOCN in its Cloud Computing basket alongside ORCL, SNOW, NET and DDOG, whose prints read through to this one.
Figures come from NextPick's earnings-reaction ledger and the options market. Not investment advice.
DOCN earnings: key questions
How much does DOCN stock move after earnings?
Over its last 8 reports, DOCN moved an average of 16.5% on the first trading day after earnings. The move was larger than the options-implied move in 5 of 8 reports.
Does DOCN usually beat earnings estimates?
DOCN beat the EPS consensus in 8 of its last 8 reports with a surprise on file and missed in 0.