3 Risks to Keep in Mind Before Buying DigitalOcean
DigitalOcean (NYSE: DOCN) has seen a fast run-up recently, taking the spotlight as a challenger to cloud behemoths like Amazon Web Services, Microsoft's Azure, and Alphabet's Google Cloud. While the cloud infrastructure provider is seeing strong adoption and growth in its business, investors should carefully think about the risks associated with the company before investing.
DigitalOcean faces competition from numerous cloud providers, both small and large. AWS, for example, has an offering specifically for small and medium-sized businesses. While it may not offer the price transparency or simplicity of DigitalOcean's platform, underestimating Amazon could be a detrimental mistake. Other cloud behemoths like Microsoft's Azure have similar offerings.
Image source: Getty Images.
Source Fool.com
