The cloud services industry is dominated by trillion-dollar giants like Amazon and Microsoft, but DigitalOcean (NYSE: DOCN) has found an edge by focusing on small to mid-sized business customers with under 500 employees. It's a segment of the market that larger players pay less attention to, but DigitalOcean is catering to their needs on price, service, and ease of use. DigitalOcean now serves 623,000 customers, and over the last 12 months, it has generated $462 million in revenue, a 36% jump year over year.
Zoom Video (ZM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
As for the technology-driven Nasdaq Composite, it's lost more than a quarter of its value in under seven months, which places it in a bear market. While there's no question that big declines in the stock market can be unnerving, history has repeatedly shown that these dips are the ideal time for long-term investors to pounce. The first unique company that can help long-term investors build generational wealth over the next two decades is e-commerce platform Etsy (NASDAQ: ETSY).