DigitalOcean Announces New $300 Million Share Repurchase Program

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DigitalOcean (DOCN) Plans to Buyback Another $300M in Stock, Sending Stock Higher

May 24, 2022 11:32 AM EDT

DigitalOcean (NYSE: DOCN) share are bucking the market weakness (+3%) after announcing a $300 million stock buyback this morning.

The new plan is in addition to the $300 million program that was announced in February 2022 and completed in May 2022.

"We are committed to delivering 30%+... More