3 Things About DigitalOcean Stock That Smart Investors Know
The market has not been kind to DigitalOcean (NYSE: DOCN) in 2022. While the Nasdaq Composite index has dropped 28% year to date, DigitalOcean has plummeted 57%.
Smart investors know that it could get worse from here because of the company's focus on a select consumer demographic. However, this specific focus has its benefits, and creates a competitive advantage that few rivals have been able to replicate. Smart investors also know that DigitalOcean has made cash flow a priority, which will be critical during an economic downturn. Let's examine these factors to see how DigitalOcean could perform over the short and long term.
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Source Fool.com
