Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>DigitalOcean, a cloud infrastructure provider aimed at developers, startups, and SMBs, achieved steady progress in its third quarter of 2024.</li><li>The company reported revenue growth of 12% year-over-year, propelled by the success of its core cloud offerings and substantial gains in its AI/ML platform.</li><li>Despite facing challenges from earlier price adjustments and acquisitions, DigitalOcean demonstrated robust growth in annual run rate revenue of $798.3 million, marking a consistent 12% increase year-over-year.</li></ul>

DigitalOcean, a cloud infrastructure provider aimed at developers, startups, and SMBs, achieved steady progress in its third quarter of 2024.The company reported revenue growth of 12% year-over-year, propelled by the success of its core cloud offerings and substantial gains in its AI/ML platform.Despite facing challenges from earlier price adjustments and acquisitions, DigitalOcean demonstrated robust growth in annual run rate revenue of $798.3 million, marking a consistent 12% increase year-over-year.

DigitalOcean Holdings: These Are The 7 Biggest Factors Impacting Its Performance In 2025 & Beyond!  - Major Drivers

<ul><li>DigitalOcean (DOCN) has surfaced as a strategic acquisition target in the cloud computing space, attracting interest from players like Cloudflare (NET).</li><li>DigitalOcean, catering to small and medium sized businesses (SMBs) and developers, has consistently demonstrated solid financial performance with strong growth in its cloud and AI/ML offerings.</li><li>Its latest earnings report highlighted 13% year-over-year revenue growth, accelerated product innovation, and a 200% ARR increase in its AI/ML segment.</li></ul>

DigitalOcean (DOCN) has surfaced as a strategic acquisition target in the cloud computing space, attracting interest from players like Cloudflare (NET).DigitalOcean, catering to small and medium sized businesses (SMBs) and developers, has consistently demonstrated solid financial performance with strong growth in its cloud and AI/ML offerings.Its latest earnings report highlighted 13% year-over-year revenue growth, accelerated product innovation, and a 200% ARR increase in its AI/ML segment.

DigitalOcean’s Acquisition Appeal: Why Cloudflare and Others May Be Interested!

<ul><li>DigitalOcean's results for the first quarter of 2024 presented a mixed financial perspective but showcased a robust strategic focus, particularly in ramping up initiatives around artificial intelligence and Machine Learning (AI/ML) capabilities.</li><li>The Chief Executive Officer highlighted the company's commitment to seizing substantial growth opportunities, particularly emphasizing AI/ML advancements.</li><li>Despite the optimism radiated from these developmental focuses, the company remains vigilant in navigating the complexities associated with rapid technological advancements and market competition.</li></ul>

DigitalOcean's results for the first quarter of 2024 presented a mixed financial perspective but showcased a robust strategic focus, particularly in ramping up initiatives around artificial intelligence and Machine Learning (AI/ML) capabilities.The Chief Executive Officer highlighted the company's commitment to seizing substantial growth opportunities, particularly emphasizing AI/ML advancements.Despite the optimism radiated from these developmental focuses, the company remains vigilant in navigating the complexities associated with rapid technological advancements and market competition.

DigitalOcean Holdings Inc.: Will Their Enhanced AI and Machine Learning Capabilities Yield Results? - Major Drivers

<ul><li>This is our first report on cloud platform operator, DigitalOcean.</li><li>The company's Fourth Quarter and year-end 2023 results included a revenue of $181 million, an 11% increase YoY. The financial results reflected stable net dollar retention and effectiveness in their financial operations, with Chief Financial Officer Matt Steinfort elaborating on a bottoming trend in Q3 at 96% NDR (Net Dollar Retention).</li><li>This was a significant turnaround in a year where the platform faced a slowing revenue growth and persistent macroeconomic headwinds.</li></ul>

This is our first report on cloud platform operator, DigitalOcean.The company's Fourth Quarter and year-end 2023 results included a revenue of $181 million, an 11% increase YoY. The financial results reflected stable net dollar retention and effectiveness in their financial operations, with Chief Financial Officer Matt Steinfort elaborating on a bottoming trend in Q3 at 96% NDR (Net Dollar Retention).This was a significant turnaround in a year where the platform faced a slowing revenue growth and persistent macroeconomic headwinds.

DigitalOcean Holdings Inc.: Initiation Of Coverage - Are Its Solid Investments In R&D & GPU Capacity Enough To Warrant A Bullish Outlook? - Major Drivers

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Setting up to be a crucial quarter for the major cloud infrastructure providers and broader tech as investors focus on the cost/benefits of AI.</li><li>Over the last decade, AMZN, MSFT, and GOOGL have garnered outsized investor attention, in part due to their size, but equally due to each of their rapidly growing tech infrastructure businesses (AWS, Azure, and GCP, respectively).</li><li>Based on the capex commentary from all three exiting the December quarter, investors are hoping for early signs of business AI traction, but also bracing for greater clarity around the costs.</li></ul>

Setting up to be a crucial quarter for the major cloud infrastructure providers and broader tech as investors focus on the cost/benefits of AI.Over the last decade, AMZN, MSFT, and GOOGL have garnered outsized investor attention, in part due to their size, but equally due to each of their rapidly growing tech infrastructure businesses (AWS, Azure, and GCP, respectively).Based on the capex commentary from all three exiting the December quarter, investors are hoping for early signs of business AI traction, but also bracing for greater clarity around the costs.

Cloud Infrastructure Monitor - Upcoming Earnings Season Marks a Crucial Point for Sector and AI

United States

Digitalocean Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides on-demand infrastructure and platform tools for developers, start-ups, and small and medium-sized businesses to build, deploy, and scale software applications. Digitalocean Holdings serves customers worldwide.

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Digitalocean Holdings (DOCN US)

DigitalOcean Holdings: These Are The 7 Biggest Factors Impacting Its Performance In 2025 & Beyond! - Major Drivers

DigitalOcean, a cloud infrastructure provider aimed at developers, startups, and SMBs, achieved steady progress in its third quarter of 2024. The...

Baptista Research

DigitalOcean’s Acquisition Appeal: Why Cloudflare and Others May Be Interested!

DigitalOcean (DOCN) has surfaced as a strategic acquisition target in the cloud computing space, attracting interest from players like Cloudflare...

Baptista Research

DigitalOcean Holdings Inc.: Will Their Enhanced AI and Machine Learning Capabilities Yield Results? - Major Drivers

DigitalOcean's results for the first quarter of 2024 presented a mixed financial perspective but showcased a robust strategic focus, particularly...

Baptista Research

DigitalOcean Holdings Inc.: Initiation Of Coverage - Are Its Solid Investments In R&D & GPU Capacity Enough To Warrant A Bullish Outlook? - Major Drivers

This is our first report on cloud platform operator, DigitalOcean. The company's Fourth Quarter and year-end 2023 results included a revenue of...

Baptista Research

Cloud Infrastructure Monitor - Upcoming Earnings Season Marks a Crucial Point for Sector and AI

Setting up to be a crucial quarter for the major cloud infrastructure providers and broader tech as investors focus on the cost/benefits of AI.

Water Tower Research

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