DigitalOcean Sees FY24 Adj. EPS $1.60-$1.67 Vs $1.62 Est.; Revenue $755M-$775M Vs $767.145M Est.
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean projects its FY24 adjusted EPS to be between $1.60 and $1.67, compared to the estimated $1.62. The company also forecasts revenue to be in the range of $755 million to $775 million, versus the estimated $767.145 million.
February 21, 2024 | 10:01 pm
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POSITIVE IMPACT
DigitalOcean's FY24 earnings and revenue projections closely align with analyst estimates, indicating stable growth expectations.
DigitalOcean's guidance for FY24 suggests confidence in their business model and growth trajectory, closely aligning with analyst expectations. This could positively influence investor sentiment and potentially lead to a short-term uptick in stock price, as the projections indicate stability and potential for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100