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Wire

Update: DigitalOcean Shares Rise After Q2 Beat

(Updates with the company's recent stock move in the headline and in the first paragraph.)DigitalOcean (DOCN) shares were up 2.5% in Tuesday trading after the company reported better-than-expected Q2 results.The company posted quarterly adjusted earnings of $0.45 per diluted share, compared with $0.59 a year earlier.Analysts surveyed by FactSet expected $0.26.Revenue for the quarter ended June 30 was $281.2 million, compared with $218.7 million a year earlier.Analysts surveyed by FactSet expected $279 million.For Q3, the company set its adjusted EPS guidance at a range of $0.28 to $0.30, and 2026 guidance of $1.35 to $1.40.Analysts surveyed by FactSet expect Q3 and 2026 adjusted EPS of $0.28 and $1.24 respectively.The company also expects Q3 revenue of $304 million to $307 million, and raised its 2026 revenue outlook to $1.17 billion to $1.18 billion from previous guidance of $1.13 billion to $1.15 billion.Analysts surveyed by FactSet expect Q3 and 2026 revenue of $300 million and $1.16 billion respectively.Price: $129.70, Change: $+2.53, Percent Change: +1.99%

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Wire

DigitalOcean Poised to Deliver Strong Q2, Outperform Full-Year Outlook, Oppenheimer Says

DigitalOcean (DOCN) is expected to post strong Q2 results and could outperform its full-year guidance, Oppenheimer said in a note Tuesday.The company is scheduled to report its Q2 results on Aug. 4.The analysts said that following DigitalOcean's pre-announcement on July 7, expectations for the quarter have largely been de-risked. The company now expects 29% year-over-year revenue growth, up from its previous guidance of 24% to 25%, and said its remaining performance obligations increased more than 10-fold to over $800 million.Even so, the analysts said they believe there is still room for further upside in the company's full-results. They expect DigitalOcean to deliver at least $30% revenue growth in 2026 and 60% growth in 2027, supported by stronger-than-expected revenue and megawatt capacity."This excludes future price hikes. More bullish investor expectations appear to be similarly positioned," the analysts added.Oppenheimer reiterated its outperform rating and $190 price target on DigitalOcean. Shares of the company were down 8% in the session.Price: $110.30, Change: $-9.90, Percent Change: -8.24%

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Research

Stifel Nicolaus Upgrades DigitalOcean to Buy From Hold, Adjusts Price Target to $160 From $135

DigitalOcean (DOCN) has an average rating of overweight and mean price target of $178.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Research

Baird Initiates Coverage on DigitalOcean With Outperform Rating

DigitalOcean Holdings (DOCN) has an average rating of overweight and mean price target of $178.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

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Wire

DigitalOcean's Preliminary Q2 Results Better Than Expected, UBS Says

DigitalOcean (DOCN) pre-announced Q2 results characterized as better than expected, tied to positive momentum rather than any material business change, UBS said in a note emailed Wednesday.The sequential revenue jump suggests DigitalOcean's Richmond facility, which came online in March, is now running near full capacity, the note said, adding that getting the newly launched Kansas City data center up to speed will be the key swing factor for Q3 revenue.A longer-than-expected backlog duration lowers near-term churn risk tied to Cursor, UBS said, though the firm does not view this as a broader shift toward multi-year contracts.UBS said the scale of upcoming capacity additions remains the biggest driver of long-term earnings potential, with room for adds beyond prior disclosures still possible ahead of the print.UBS maintained a neutral rating and lowered the price target to $155 from $175.Price: $138.95, Change: $+1.91, Percent Change: +1.39%

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Insider Trading

Digitalocean Holdings Insider Sold Shares Worth $2,952,400, According to a Recent SEC Filing

Warren Jenson, Director, on May 19, 2026, sold 20,000 shares in Digitalocean Holdings (DOCN) for $2,952,400. Following the Form 4 filing with the SEC, Jenson has control over a total of 32,497 common shares of the company, with 32,497 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1582961/000119384626000004/xslF345X05/wk-form4_1779395890.xml

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Insider Trading

Digitalocean Holdings Insider Sold Shares Worth $678,376, According to a Recent SEC Filing

Hilary Schneider, Director, on May 15, 2026, sold 4,338 shares in Digitalocean Holdings (DOCN) for $678,376. Following the Form 4 filing with the SEC, Schneider has control over a total of 24,323 common shares of the company, with 24,323 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1582961/000120873626000006/xslF345X05/wk-form4_1779226366.xml

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Wire

DigitalOcean Seen as Agentic AI Beneficiary Amid Growth Acceleration, BofA Says

DigitalOcean (DOCN) is positioned as a beneficiary of agentic AI, with planned capacity expansion and a higher mix of inferencing workloads expected to drive revenue and free cash flow growth over the long term, BofA Securities said in a Wednesday note.The brokerage said that DigitalOcean reported a "strong" Q1 and raised its 2026 revenue growth guidance. The firm now expects 2027 revenue to grow more than 50% from about 30% previously. DigitalOcean also plans to add 60 megawatts of capacity in 2027 that could bring total committed capacity to about 135 megawatts.The investment firm said that the company has built a "solid" agentic AI platform and is adding significant capacity over the foreseeable future to meet demand. Increased investments are expected to pressure free cash flow margins in the near term, accoridng to the note.BofA increased its 2026 adjusted earnings estimate for the company to $1.29 from $1.11. Analysts polled by FactSet expect $1.22.The firm reiterated its buy rating on the stock and increased its price objective to $200 from $107.Price: $152.65, Change: $-0.13, Percent Change: -0.08%

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Wire

BofA Securities Adjusts DigitalOcean Price Target to $200 From $107, Maintains Buy Rating

DigitalOcean (DOCN) has an average rating of overweight and mean price target of $164.15, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $152.21, Change: $-0.56, Percent Change: -0.37%

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Wire

Piper Sandler Lifts DigitalOcean Price Target to $155 From $98, Neutral Rating Kept

DigitalOcean Holdings (DOCN) has an average rating of overweight and mean price target of $89.92, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $148.55, Change: $+39.74, Percent Change: +36.52%

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Wire

Update: DigitalOcean Shares Jump After Q1 Tops Estimates, 2026 Guidance Raised

(Updates with the latest stock movement in the first paragraph and headline.)DigitalOcean (DOCN) shares were up roughly 36% in Tuesday afternoon trading after the company reported Q1 results that exceeded analysts' expectations and raised its 2026 guidance.The company reported Q1 non-GAAP earnings Tuesday of $0.44 per diluted share, down from $0.56 a year earlier.Analysts polled by FactSet expected $0.27.Revenue for the quarter ended March 31 was $257.9 million, compared with $210.7 million a year earlier.Analysts polled by FactSet expected $249.8 million.The company expects Q2 non-GAAP EPS of $0.20 to $0.23. Analysts polled by FactSet expect $0.24. Revenue for the quarter is projected to be $272 million to $274 million. Analysts polled by FactSet expect $260.9 million.For 2026, DigitalOcean now expects non-GAAP EPS of $1.10 to $1.20, from $0.75 to $1 previously. Analysts polled by FactSet expect $1.03.The company also raised 2026 revenue outlook to between $1.13 billion and $1.15 billion, from $1.08 billion to $1.11 billion previously. Analysts polled by FactSet expect $1.10 billion.Price: $147.46, Change: $+38.65, Percent Change: +35.52%

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Wire

Top Midday Gainers

Sterling Infrastructure (STRL) climbed 47% amid heavy trading after the company overnight reported a stronger-than-expected surge in Q1 earnings and sales while guiding sales above market expectations.More than 1.55 million shares of the company traded intraday compared with a daily average of about 510,000.DigitalOcean (DOCN) reported Q1 non-GAAP earnings and sales Tuesday above market expectations. The company also raised its full-year 2026 non-GAAP earnings per share and revenue forecast range, beating expectations.Shares soared 37%, with intraday trading volume of over 9.90 million from a daily average of about 4.34 million.Backblaze (BLZE) reported late Monday a swing to Q1 non-GAAP net income per share amid a jump in sales from a year ago.Shares catapulted 63%, with intraday trading volume at over 31.9 million from a daily average of roughly 824,000.Price: $793.45, Change: $+263.96, Percent Change: +49.85%

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Wire

DigitalOcean's Q1 Non-GAAP Earnings Decline, Revenue Increases; Q2 Outlook Issued, 2026 Guidance Raised

DigitalOcean Holdings (DOCN) reported Q1 non-GAAP earnings Tuesday of $0.44 per diluted share, down from $0.56 a year earlier.Analysts polled by FactSet expected $0.27.Revenue for the quarter ended March 31 was $257.9 million, compared with $210.7 million a year earlier.Analysts polled by FactSet expected $249.8 million.The company expects Q2 non-GAAP EPS of $0.20 to $0.23. Analysts polled by FactSet expect $0.24. Revenue for the quarter is projected to be $272 million to $274 million. Analysts polled by FactSet expect $260.9 million.For 2026, DigitalOcean now expects non-GAAP EPS of $1.10 to $1.20, from $0.75 to $1 previously. Analysts polled by FactSet expect $1.03.The company also raised 2026 revenue outlook to between $1.13 billion and $1.15 billion, from $1.08 billion to $1.11 billion previously. Analysts polled by FactSet expect $1.10 billion.Shares of DigitalOcean Holdings were up more than 18% premarket Tuesday.Price: $129.00, Change: $+20.19, Percent Change: +18.56%

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Wire

DigitalOcean Positioned to Beat Growth Expectations Amid AI Data Center Capacity Shortage, Oppenheimer Says

DigitalOcean Holdings (DOCN) is positioned to surpass growth expectations as the artificial intelligence data center capacity shortage continues, though revenue increase will be limited by capacity additions, Oppenheimer said in a Tuesday note.The demand/supply imbalance in AI data center capacity could extend through the next five to seven years, and drive DigitalOcean's end-state capacity to about 300 megawatts by 2035, the brokerage said.Oppenheimer said it expects DigitalOcean to deliver a Q1 top-line beat and a modest increase in 2026 revenue outlook, saying its customer checks indicated increasing spending and loyalty to the company's platform.The company, however, could face challenges in beating its 2027 growth outlook as current capacity limits near-term performance, the investment firm noted.DigitalOcean is set to release its Q1 results on May 5.Oppenheimer has an outperform rating and $115 price target on DigitalOcean.Price: $94.73, Change: $-4.22, Percent Change: -4.26%

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