The Stock That Is Down 77% but Has an Ocean of Opportunity

By Zane Fracek and Nicholas Rossolillo – Dec 14, 2022 at 9:00AM

NYSE: DOCN

DigitalOcean

Market Cap

$3B

Today's Change

(-1.76%) -$0.58

Current Price

$32.44

Price as of April 25, 2024, 4:00 p.m. ET

Digital Ocean has strong competition, but Nick thinks it's worth owning anyway.

Motley Fool contributor Nick Rossolillo breaks down Digital Ocean (DOCN -1.76%) stock. Check out the full video to hear about this cloud services company's strategy, financials, and risks in six minutes.

*Stock prices used were the midday prices of Dec. 8, 2022. The video was published on Dec. 13, 2022.

Nicholas Rossolillo has positions in DigitalOcean. Zane Fracek has positions in DigitalOcean. The Motley Fool has positions in and recommends DigitalOcean. The Motley Fool has a disclosure policy. Zane Fracek is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.