DigitalOcean saw its IBD SmartSelect Composite Rating rise to 97 Wednesday, up from 84 the day before.
The new score means the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
DigitalOcean is trading within a buy range from a 41.37 entry from a double bottom.
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The stock has a 94 EPS Rating, which means its recent quarterly and annual earnings growth tops 94% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted an 11% increase in earnings for Q4. Revenue growth increased 13%, up from 12% in the prior quarter. That marks one quarter of rising revenue increases.
DigitalOcean earns the No. 11 rank among its peers in the Computer Software-Enterprise industry group. Dynatrace, Enfusion and Cloudflare are among the top 5 highly-rated stocks within the group.
