On November 11, DigitalOcean Holdings, Inc. rose 9.66% in Regular Trading, trading at $85.115 per share, with turnover of $48.754 million.

The move was accompanied by continued market focus on the company’s better-than-expected quarterly results and increased full-year guidance, which remained the clearest catalyst behind the latest price rebound.

Previously, the company reported adjusted EPS of $0.45 for the quarter, above the $0.32 consensus estimate, while revenue reached $321.2 million, exceeding the expected $306.7 million. It also raised full-year adjusted EPS guidance to $1.60 to $1.62, above the $1.46 consensus, and guided fourth-quarter revenue to $348 million to $351 million, also ahead of expectations. Recent trading indicates funds have continued to price in this earnings-driven improvement in fundamentals.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)