DigitalOcean is fresh off a spectacular set of financial results for the second quarter, which included record revenue and surging profits.

DigitalOcean ( DOCN -0.76% ) is a provider of cloud computing services, similar to Microsoft Azure and Amazon Web Services, except it mostly caters to small and mid-size businesses (SMBs).

DigitalOcean recently reported its financial results for the second quarter of 2025 (ended June 30), and it delivered record revenue with bullish guidance, along with soaring profits. The stock surged by more than 30% immediately after the results were released, but it remains 75% below its all-time high from 2021 when a frenzy in the tech sector drove it to an unsustainable valuation.

Wall Street seems to think the recovery will continue. The majority

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