On October 2, DigitalOcean Holdings, Inc. rose 5.15% in regular trading, trading at $147.08 per share, with turnover of $40.34 million. The stock extended its recent rally amid a series of catalysts reinforcing the company's AI cloud growth trajectory.
In late September, DigitalOcean launched the public preview of Managed Agents, a set of services enabling developers to build and scale AI agents without complex infrastructure management. Earlier in September, the company secured a $725 million equipment finance facility maturing in 2030, with an option to increase by up to $300 million, to purchase GPU, CPU, and other hardware for its AI-Native Cloud platform. CFO Matt Steinfort reaffirmed confidence in Q3, full-year guidance, and the outlook for 2027.
The financing and product expansion followed a strong Q2 report in August, where adjusted EPS of $0.45 beat the $0.26 consensus estimate by over 73%, and full-year non-GAAP EPS guidance was raised to $1.35-$1.40 versus the $1.24 estimate. Truist Securities also initiated coverage at Buy with a $175 price target.
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