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Why is Digitalocean Holdings Inc (DOCN) Stock down?

25 Aug, 2023:

DigitalOcean Holdings, Inc. (DOCN) shares fell 8.41% to $28.86 as the company initiated CEO search process. Yancey Spruill will continue to serve as CEO until a successor has been appointed.

https://www.fool.com/investing/2023/08/25/heres-why-digitalocean-stock-had-an-unexpected-dro/

04 Aug, 2023:

Digitalocean Holdings' shares fell 24.79% due to disappointing second-quarter sales results, compounded by the discrepancy between the estimated revenue of $169.820M and the actual revenue of $169.814M. The weak sales outlook was reinforced by a reduced full-year revenue guidance of $680M to $685M, down from the earlier range of $700M to $720M.

https://www.benzinga.com/news/23/08/33578686/why-resmed-shares-are-trading-lower-by-15-here-are-other-stocks-moving-in-fridays-mid-day-session

software_infrastructure ZS
$192.94
price up icon 0.50%
software_infrastructure NET
$122.57
price up icon 2.10%
software_infrastructure SQ
$86.96
price up icon 0.67%
$98.17
price up icon 1.02%
$543.73
price up icon 2.68%
$378.08
price up icon 3.18%
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