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Should I buy DigitalOcean stock?

Last updated on September 25, 2022 @ 2:24 pm

DigitalOcean is a cloud provider that offers low-cost cloud services. The company’s cloud services include a Linux server platform, an API, and storage. In November 2016, DigitalOcean announced the launch of its new public cloud service, which is designed for developers and administrators who need asimple and reliable cloud platform. DigitalOcean’s new public cloud service offers a wide range of features, such as automatic scaling, automatic snapshot management, and a built-in security suite. DigitalOcean’s cloud platform has been awarded a prestigious EC2 rating of 4.5 by Amazon Web Services.

PRO TIP: This is not a recommendation to buy or sell any stock. Consult with a financial advisor before making any investment decisions.

DigitalOcean’s stock is trading at $21.01 per share and has a market capitalization of $2.0 billion. Based on these factors, it is reasonable to conclude that DigitalOcean is a good investment.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.