DigitalOcean Holdings Inc vs Consolidated Edison, Inc. — how do they compare? DigitalOcean Holdings Inc trades at $126.67 (market cap $12.87B), while Consolidated Edison, Inc. trades at $111.89 (market cap $41.21B). The key difference: Consolidated Edison, Inc. is far larger — about 3.2× DigitalOcean Holdings Inc's market cap, and Consolidated Edison, Inc. pays a 3.11% dividend while DigitalOcean Holdings Inc pays none. Which is the better fit depends on your goals.
| DOCN | ED | |
|---|---|---|
Market Cap | $12.87B | $41.21B |
Sector | Technology | Utilities |
52-Week High | $181.29 | $115.46 |
52-Week Low | $25.74 | $95.37 |
Enterprise Value | $13.43B | $68.24B |
Dividend Yield | — | 3.11% |
Trailing returns across standard periods
DigitalOcean Holdings Inc is a cloud computing platform offering on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. The customers use the platform for a wide range of cases, such as web and mobile applications, website hosting, e-commerce, media and gaming, personal web projects, and managed services, among many others. The group has a business presence in North America, Europe, Asia and other countries.
Read more on DOCN →Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities will generate nearly all of Con Ed's earnings once it closes the sale of its clean energy business to RWE. Con Ed's clean energy business owns the second-largest portfolio of utility-scale solar projects in the U.S. Following the sale, Con Ed's only non-utility earnings will come from investments in gas and electric transmission.
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