38.08
2.12%
0.8166
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.
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