Currently DOCN is holding down a 2% Scout Team position on the Portfolio Roster and is scheduled to report tomorrow after the close.
DOCN: https://www.digitalocean.com/
Here is their last report:
https://seekingalpha.com/pr/18684452?source=content_type%3Ar…
Highlights:
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37% Revenue Growth Y/Y
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Revenue Per Customer Increased 29% Y/Y
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Net Dollar Retention 116%
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Board Approved a $300M Stock Repurchase program.
Here is a SA Earnings Preview:
https://seekingalpha.com/news/3831363-digitalocean-q1-2022-e…
The company projected Q1 Revenue at $126-126.5M. So they are basically shooting for +35% growth Y/Y.
All the Best,
DOCN reported with 36% Y/Y Revenue Growth. Here is the Press Release:
https://seekingalpha.com/pr/18778449-digitalocean-announces-…
Guidance was reasonably in-line.
The problem is - at least for me, the Y/Y Revenue Growth is not accelerating and in fact is slightly waning. The bottom line for me is that I wanted to see Y/Y Revenue Growth reaching higher. Since that is not the case I am likely to sell. Gonna read the CC Transcript first and then make a decision.
DOCN is a good little company and it’s growing just fine - but to hold a spot on the Scout Team a company has to be gaining traction in growth - not just treading water.
All the Best,
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