DigitalOcean Holdings Expects Q2 Revenue of $188M-$189M Vs $187.09M Est, Adj EPS of $0.38-$0.40 Vs $0.39 Est
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean Holdings projects Q2 revenue of $188M-$189M, surpassing the $187.09M estimate, with adjusted EPS of $0.38-$0.40, closely aligning with the $0.39 estimate. For 2024, revenue expectations are set at $760M-$775M, with an adjusted EBITDA margin of 36%-38% and an adjusted free cash flow margin of 19%-21%.
May 10, 2024 | 11:03 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
DigitalOcean Holdings expects Q2 revenue to exceed estimates and projects solid growth for 2024, indicating strong business performance and potential upside for investors.
The company's projection of higher-than-expected revenue for Q2 and a positive outlook for the full year 2024 suggests strong business performance and operational efficiency. This is likely to be viewed positively by investors, potentially leading to an increase in stock price in the short term. The close alignment of the adjusted EPS with estimates further stabilizes confidence in the company's financial management and profitability.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100