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Is DigitalOcean a good stock?

Last updated on September 25, 2022 @ 2:01 pm

DigitalOcean is a cloud computing company that operates as an Infrastructure as a Service (IaaS) provider. The company provides virtual servers, storage, networking, and application programming interface (API) services to individuals, businesses, and organizations.

According to the company, DigitalOcean provides its customers with low-cost and scalable cloud services that are available 24/7. In addition, DigitalOcean offers a wide range of enterprise-grade features, including automated scaling, disaster recovery, and security.

PRO TIP: This question is difficult to answer, as it depends on a number of factors. Some people may feel that DigitalOcean is a good stock, while others may disagree. In general, it is important to do your own research before investing in any company.

In March 2019, DigitalOcean announced it had raised $200 million in a Series D funding round led by Fidelity Investments. The company also announced that it had reached 1 million active customers.

In its report on the funding round, the Wall Street Journal noted that DigitalOcean is one of the fastest-growing technology companies in the world.

Based on these factors, we believe that DigitalOcean is a good stock.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.