Datadog (DDOG) has caught the attention of investors with its impressive 23% stock price surge over the past year, underperforming the Zacks Computer and Technology sector's rise of 35.1%. However, savvy investors are looking beyond this short-term gain to identify more substantial reasons for considering Datadog as a longterm investment. Datadog's continued ability to capture market share in the growing observability and application performance monitoring sectors is noteworthy. The company's commitment to ...

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In the latest market close, Datadog (DDOG) reached $111.94, with a +0.48% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.03%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.2%. The data analytics and cloud monitoring company's shares have seen a decrease of 4.96% over the last month, not keeping up with the Computer and Technology sector's loss of 1.2% and the S&P 500's gain of 1.54%. The investment community will be closel ...

In the latest market close, Datadog (DDOG) reached $109.52, with a +1.29% movement compared to the previous day. This change outpaced the S&P 500's 1.07% gain on the day. Elsewhere, the Dow saw an upswing of 0.31%, while the tech-heavy Nasdaq appreciated by 2.17%. Shares of the data analytics and cloud monitoring company have depreciated by 5.46% over the course of the past month, underperforming the Computer and Technology sector's loss of 0.16% and the S&P 500's gain of 2.92%. Investors will be eagerly wa ...

Summary of Datadog Inc. Conference Call Company Overview - **Company**: Datadog Inc. (NASDAQ: DDOG) - **Event**: Goldman Sachs Communacopia + Technology Conference Call - **Date**: September 10, 2024 Key Points Industry and Company Vision - Datadog is positioned as a product-led growth company focused on DevOps, aiming to be the primary platform for monitoring and remediation of mission-critical modern applications [3][5] - The company aspires to be similar to other platform companies like ServiceNow, Atlassian, and Salesforce, emphasizing ease of use and continuous innovation [5] Operational Goals and Strategies - The company plans to enhance its platform by innovating and adding more functionalities, including service management and LLM monitoring [7][8] - Hiring and educating talent is crucial for operational success, alongside expanding go-to-market strategies geographically and through centralized selling [7][8] Business Trends - Recent trends indicate that larger enterprises are recovering and investing in digital projects, while SMBs show stability but less growth [10][12] - Customers are increasingly signing longer-term contracts due to confidence in their capacity needs and Datadog's growing market share [15] Impact of Generative AI - Datadog benefits from the modernization of applications and the deployment of AI technologies, which stimulate investment cycles [17][18] - Currently, 4% of ARR is attributed to companies involved in AI tools, but most customers are still in the testing phase with limited production workloads [27][29] Market Dynamics - The company is experiencing a trend of tool consolidation among customers, leading to increased demand for multi-product adoption within the Datadog platform [41] - Datadog's growth is driven by new customer acquisition, increased product adoption, and market share expansion [41] Future Growth Opportunities - The core infrastructure business has significant growth potential as enterprises continue to migrate to the cloud and modernize their application stacks [45] - Datadog is optimistic about capturing market share from competitors, especially as other solutions lag in investment and innovation [53] Financial Metrics and Customer Engagement - The company tracks million-dollar customers as a key performance indicator, reflecting health in cross-selling and growth [56] - Datadog is focused on enhancing productivity through AI, aiming to improve operational efficiency without reducing headcount [62][66] Acquisition Strategy - Datadog evaluates potential acquisitions based on their alignment with the product roadmap and the ability to integrate into the existing platform [71] Additional Insights - The company emphasizes a disciplined approach to acquisitions, focusing on teams that can continue to innovate within Datadog's framework [71] - Internal use of Generative AI has shown promising results, particularly in sales and marketing, enhancing productivity [59][66] This summary encapsulates the key insights and strategic directions discussed during the conference call, highlighting Datadog's focus on innovation, market positioning, and growth opportunities in the evolving tech landscape.

Datadog provides visibility into Oracle Cloud Infrastructure, on-premises and other cloud environments NEW YORK, Sept. 10, 2024 /PRNewswire/ -- Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications and a member of Oracle PartnerNetwork, today announced the general availability of Datadog Monitoring for Oracle Cloud Infrastructure (OCI), which enables Oracle customers to monitor enterprise cloud-native and traditional workloads on OCI with telemetry in context across their ...

Nevena1987/E+ via Getty Images I reviewed Datadog nearly a year ago and gave the company a "Strong Buy" rating. I liked that the company was founder-led, with a sticky platform that was getting their customers to use more and more of their products. Since that article, the stock is up 17%. In 2024, Datadog is currently trailing the S&P 500 and the stock is down over 10% YTD. Let's dig into current events and the company's recent financial performance. I'll explain why I'm still bullish on the business and w ...

Cloud computing refers to the on-demand seamless access of computing resources such as servers, storage, databases, networking, software, analytics and intelligence over the Internet (the cloud) on a pay-per-use pricing model. It marks a paradigm shift from traditional on-premises infrastructure storage to remote cloud-based storage facilities and relies heavily on virtualization and automation technologies. Instead of buying, owning and maintaining physical data centers and servers, organizations access a ...

Datadog Inc (NASDAQ:DDOG) Citi's 2024 Global TMT Conference September 4, 2024 10:00 AM ET Company Participants David Obstler - Chief Financial Officer Conference Call Participants Fatima Boolani - Citi Fatima Boolani Thanks for your patience. The elevator was a little bit of a sardine in a can situation, but we've made it. Day 1 of Citi's Global Tech Conference. I'm Fatima Boolani. I jointly head up the software research team here, and I'm very, very excited to host the CFO of Datadog, David Obstler. Thank ...

Shares of Datadog (DDOG) have gained 5.7% over the past four weeks to close the last trading session at $111.48, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $143.88 indicates a potential upside of 29.1%. The mean estimate comprises 33 short-term price targets with a standard deviation of $13.80. While the lowest estimate of $98 indicates a 12.1% decline from the current pric ...