Cloud and AI Service Provider DigitalOcean Stock Soars – Here’s Why DigitalOcean Holdings Inc (NYSE:DOCN) shares are trading higher Friday after it reported fiscal first-quarter results. Revenue grew 12% year over year to $184.73 million, beating the analyst consensus estimate of $182.58 million. Adjusted EPS of $0.43 surpassed the analyst consensus estimate of $0.38. Annual Run-Rate Revenue (ARR) ended the quarter …
Enthusiasm surrounding artificial intelligence (AI) propelled shares of Super Micro Computer (NASDAQ: SMCI) and SoundHound AI (NASDAQ: SOUN) higher by 506% and 96%, respectively, during the past year. But both stocks still carry a consensus rating of “buy” on Wall Street, and certain analysts are forecasting big gains for shareholders. Ananda Baruah has set Super …
Internet companies are likely to have witnessed robust financial performance as they continue to benefit from the increased demand for solutions that support enterprises’ digital transformation initiatives. These companies are also gaining from the solid demand for digital offerings, as well as the increasing importance of video content and cloud-based applications. For internet software solution …