On November 11, DigitalOcean Holdings, Inc. saw an Overnight rise of 5.01%, trading at $83.5 per share, with turnover of $201,400.

The move follows a continued market reaction to the company’s latest quarterly results and upgraded full-year guidance, which both came in above market expectations.

DigitalOcean Holdings, Inc. previously reported adjusted EPS of $0.45 for the quarter, above the $0.32 consensus, on revenue of $321.2 million versus the expected $306.7 million. It also raised its full-year adjusted EPS outlook to $1.60 to $1.62, above the $1.46 market expectation, while guiding full-year revenue to $1.208 billion to $1.211 billion. More recently, market-based movement alerts on November 10 indicated that funds were still rotating back into the stock after the earlier pullback, with trading driven by improving 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.)