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4 Reasons DigitalOcean Stock Is a Screaming Buy After Its Third-Quarter Earnings Beat

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4 Reasons DigitalOcean Stock Is a Screaming Buy After Its Third-Quarter Earnings Beat: https://g.foolcdn.com/editorial/images/708342/investor-27.jpg

Cloud computing specialist DigitalOcean Holdings (NYSE: DOCN) released its third-quarter earnings report yesterday, beating analysts' estimates on the top and bottom lines. Revenue climbed 37% to $152 billion and non-GAAP (adjusted) earnings more than tripled to $0.38 per diluted share.

Unfortunately, fourth-quarter guidance fell below Wall Street's expectations, continuing a trend set by cloud giants Amazon and Microsoft two weeks earlier. But management's cautious outlook can be attributed to economic uncertainty, not a material problem with the business.

Here are four reasons this growth stock is worth buying right now.

Source Fool.com

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