Artificial Intelligence Software Growth - Artificial intelligence software sales are projected to grow from $1.1 trillion to $13 trillion by 2030, implying an annual growth rate of nearly 50% and a total increase of 1,080% by the end of the decade [1] Datadog Overview - Datadog provides observability software with nearly two dozen applications that help businesses monitor, analyze, and troubleshoot IT infrastructure performance issues [2] - The company's AI engine, Watchdog, detects anomalies, surfaces insights, and automates root cause analysis to expedite incident resolution [2] - Datadog has been recognized as a leader in observability platforms by Gartner for four consecutive years and has a strong presence in cloud infrastructure monitoring, log monitoring, and server monitoring [2] Datadog Financial Performance - Datadog's Q2 revenue increased 27% to $645 million, with non-GAAP earnings jumping 48% to $0.43 per diluted share [3] - The company saw a 10% increase in customers and a mid-teens increase in spend per existing customer [3] - Management raised full-year guidance, forecasting a 23% revenue increase in 2024 [3] Datadog Market Opportunity - Datadog's robust portfolio creates cross-sell opportunities and appeals to businesses seeking comprehensive platforms [3] - The company's LLM Observability product addresses the growing demand for AI software, particularly for large language models and generative AI applications [3] - Datadog has tapped less than 5% of its $51 billion addressable market, indicating significant growth potential [4] ServiceNow Overview - ServiceNow provides software that digitizes business processes across IT, customer workflows, employee workflows, creator workflows, and finance and supply chain workflows [5] - The company has integrated AI into its software for years, including predictive intelligence, AI search, and virtual agents [5] - ServiceNow recently launched Now Assist, a suite of generative AI tools that summarize information and draft text [5] ServiceNow Market Leadership - ServiceNow is the market leader in IT service management, IT asset management, and AI for IT operations software [6] - The company is also recognized for its leadership in multicloud and hybrid cloud management, digital process automation, and customer service solutions [6] - Recent investments in generative AI and partnerships with Nvidia are expected to keep ServiceNow at the forefront of innovation [6] ServiceNow Financial Performance - ServiceNow's Q2 revenue increased 22% to $2.6 billion, driven in part by momentum with generative AI products [6] - Non-GAAP net income increased 32% to $3.13 per diluted share, with a renewal rate of 98% and a 31% jump in remaining performance obligation [6] ServiceNow Growth Prospects - Wall Street expects ServiceNow's adjusted earnings to grow at 20% annually through 2025 [7] - The company's addressable market is projected to reach $275 billion by 2026, and Now Assist is described as the fastest-growing new product in its history [7]

NEW YORK, Oct. 17, 2024 /PRNewswire/ -- Datadog, Inc. (NASDAQ:DDOG), the monitoring and security platform for cloud applications, today announced that it will report its third quarter fiscal year 2024 financial results before the U.S. financial markets open on Thursday, November 7, 2024. In conjunction with this announcement, Datadog will host a conference call on Thursday, November 7, 2024 at 8:00 a.m. Eastern Time to discuss the Company's financial results and financial guidance. To access the conference ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

Datadog (DDOG) closed the latest trading day at $126.77, indicating a -1.82% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.75%, while the tech-heavy Nasdaq lost 1.01%. Shares of the data analytics and cloud monitoring company have appreciated by 15.91% over the course of the past month, outperforming the Computer and Technology sector's gain of 5.51% and the S&P 500's gain of 4.31%. Market participants will be closely fo ...

In a notable surge over the past month, shares of Datadog (DDOG) have climbed an impressive 15%, outperforming the Zacks Computer and Technology sector's rise of 4.8%, catching the attention of investors and market analysts alike. Datadog's core business model revolves around providing organizations with real-time insights into their cloud infrastructure and application performance. This cloud monitoring and analytics platform has been riding a wave of increased demand for its services as businesses continu ...

Datadog remains in growth mode, but a slowing growth trend could derail the stock. At first glance, Datadog (DDOG -0.53%) may look like a stock investors want to accumulate rather than avoid. It has generally risen since early 2023, and a recent turn to profitability tends to bode well for a stock. Unfortunately, troubling signs in the business and its valuation have raised concerns. Changing technology could alter the company's value proposition, yet the stock trades at a premium valuation. Thus, the quest ...

Technology Sector Overview - Most technology stocks, including software stocks, are at record highs, with rallies accelerating in recent weeks [1] - A few software stocks are lagging despite their potential upside, presenting investment opportunities [2] Datadog (DDOG) - Datadog has a $40 billion market cap and offers observability products for enterprises managing large networks, servers, and cloud platforms [3][4] - The company's software is highly rated by Gartner, second only to Dynatrace in completeness and execution, and is particularly strong in cybersecurity [4] - Revenue is expected to grow 24% year-over-year, with another 22% growth projected for next year, and earnings are expected to increase from $1.65 to $1.95 per share [5] - Despite a 37% decline from its late-2021 high, the company's fiscal trajectory suggests strong future growth [3][6] HubSpot (HUBS) - HubSpot is a CRM software company that has grown to a close second to Salesforce in market share, with 25% fewer paying customers [9] - The company is recognized by Gartner as the world's best CRM in terms of execution and customer satisfaction, despite Salesforce's dominance [10] - HubSpot's revenue is expected to grow nearly 19% this year, with earnings growing even faster, indicating strong fiscal capacity [11] Microsoft (MSFT) - Microsoft has underperformed since July, failing to reach record highs like other tech giants, partly due to increased competition in AI [12][13] - Despite AI competition, Microsoft's cloud business is outgrowing competitors, including Amazon, and remains a significant revenue driver [15] - Revenue and earnings are consistently growing in the mid-teens and are expected to continue for several years [15] - Analysts remain bullish, with over 75% rating the stock as a strong buy and a consensus price target of $497.04, nearly 20% above the current price [17]

Investors might want to bet on Datadog (DDOG) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Since a changing earn ...

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For Immediate Releases Chicago, IL – October 10, 2024 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Datadog Inc. (DDOG) , Palo Alto Networks Inc. (PANW) and CyberArk Software Ltd. (CYBR) . Here are highlights from Thursday's Analyst Blog: 3 Cybersecurity Stocks to Buy for Handsome Returns in the Short Term Cybersecu ...