Jim Cramer - Mad Money DigitalOcean Holdings DOCN-Q DON'T BUY Jan 24, 2022

A digital infrastructure play, serving small/medium companies. Shares have more than doubled from November's trough. They forecast 20% revenue growth YOY this year; has been profitable since it went public in 2022. It's odd that shares struggled last year even as they reported good numbers. The problem was that in Q2-2023 they reported that they had made accounting mistakes in its Q1 report. Share plummeted 25% in a single session. Two weeks after that, the company announced it would replace its CEO, and shares sold off more. The company's Q3 report last November saw a strong rebound that's continued since then. That accounting issue is a red flag, so he wants to some more quarters before deciding on this stock. Also, peers will improve their products to compete with DOCN.