DigitalOcean Has a Brilliant Growth Strategy -- Here's What Investors Want to Know
2022 hasn't been a pleasant year for stock investors, and it's been especially brutal for investors in young tech businesses. DigitalOcean (NYSE: DOCN), a provider of cloud services, hasn't been an exception, as shares have tumbled about 70% over the past eight months.
Having said that, DigitalOcean is not like just any other young tech company. Its business is doing very well, and its carefully crafted land-and-expand growth strategy is laying the foundation for an even brighter future.
DigitalOcean, a young public company that IPO'd in March 2021, is simplifying the adoption of cloud computing for small and medium-sized businesses, a relatively underserved segment.
Source Fool.com
