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 ...

Datadog (DDOG) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. Analysts' growing optimism on the earnings prospects of this data analytics and cloud monitoring company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revi ...

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Datadog's (DDOG) continued ability to capture market share in the growing observability and application performance monitoring sectors has prompted investors to reassess the company's potential as a long-term investment even though the stock has underperformed its sector in the past year. The stock has returned 23.7% in the past year compared with the Zacks Computer and Technology sector's growth of 32.5%. The platform's ability to provide unified insights across cloud environments gives it an edge over com ...

For Immediate Releases Chicago, IL – August 27, 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) , Uber Technologies Inc. (UBER) and ACV Auctions Inc. (ACVA) . Here are highlights from Tuesday's Analyst Blog: Buy 3 Internet-Centric Stocks for Stellar Returns in Rate-Cut Scenario Last week, at t ...

Datadog stock is in an uncertain position. 2024 has not gone well for Datadog (DDOG -1.16%). The data-monitoring company offers value to the IT community, and it continues to attract more customers. Still, the stock has struggled to break out of a trading range in recent months, and has fallen by about 6% since the beginning of the year. Such price action may leave investors wondering how to approach the software-as-a-service (SaaS) stock. Does this stagnation signal a buying opportunity in Datadog, or shou ...

Positioned based on its Ability to Execute and Completeness of Vision NEW YORK, Aug. 14, 2024 /PRNewswire/ -- Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced it has been named a Leader in the Gartner Magic Quadrant for Observability Platforms, 2024. This is the fourth consecutive year Gartner has positioned Datadog as a Leader in the Magic Quadrant. The Gartner Magic Quadrant for Observability Platforms, formerly known as the Gartner Magic Quadrant ...

Company and Industry Overview * **Company**: Datadog (NASDAQ: DDOG) * **Industry**: Observability, Monitoring, Security, DevOps * **Event**: Oppenheimer Technology, Internet and Communications Conference, March 14, 2024 Key Points Product and Platform Evolution * **Product Expansion**: Datadog has expanded from infrastructure monitoring to include APM, logs, and the digital experience suite (Synthetics and RUM). Infrastructure revenue crossed $1 billion, logs and APM each crossed $500 million, and the digital experience suite reached $200 million. * **Platform Adoption**: The company's platform adoption in DevOps has grown, with Datadog becoming the market leader in observability. * **Future Vision**: Datadog aims to expand into cloud service management, including capabilities like security, code deployment, event management, and workflow tools. Market Consolidation * **Industry Stage**: The observability and tooling consolidation is still in the early stages, with companies currently using 15-20 tools. * **Datadog's Positioning**: Datadog has been a market share gainer and a leader in the consolidation path, particularly in the DevOps space. * **Growth Drivers**: 75% of Datadog's revenue growth comes from existing customers, with 25% from new customers. A significant portion of this growth is attributed to consolidation or replacement of existing tools. Customer Segmentation * **Infrastructure**: Infrastructure remains the primary focus, with the majority of new customers starting with infrastructure monitoring. * **APM and Logs**: APM and logs have seen strong growth, with APM becoming a significant revenue driver. * **SMB and Large Enterprise**: SMBs have shown steady growth, while large enterprises (over 5,000 employees) have seen an improvement in growth rates and longer-term commitments. Net Retention Rate (NRR) * **Factors Driving NRR**: 75% of growth comes from existing customers, with cross-selling and new logo wins contributing to NRR. * **Segmentation**: Enterprise customers have shown higher NRR compared to SMBs, with no significant geographical differences. AI and Machine Learning * **Customer Base**: 4% of Datadog's customers are from the AI industry, primarily using observability tools like infrastructure, APM, and logs. * **Product Usage**: The majority of AI customers use Datadog's observability suite for infrastructure monitoring, with limited usage of LLM monitoring tools. Security * **Portfolio Depth**: Datadog is still building out its security portfolio, focusing on DevSecOps and bundling with DevOps products. * **Future Outlook**: The company aims to grow the security business, but the exact timeline and approach are still being determined. Cloud Partnerships * **AWS and Azure**: Datadog has similar partnerships with AWS and Azure, with a focus on cloud-agnostic monitoring and delivery. * **Growth Correlation**: The growth of Datadog's cloud business is correlated with the growth of AWS and Azure, but not directly proportional due to the broader scope of their businesses. Infrastructure Monitoring * **Growth**: Infrastructure monitoring has seen consistent growth, with 26-27% growth rates. * **Customer Acquisition**: Infrastructure remains the primary entry point for new customers, with APM and logs often added as additional products. Gross Margins * **Range**: Gross margins typically range between the upper 70s and low 80s, with variability due to new functionality, cloud purchasing, and regional cloud introductions. Conclusion Datadog has made significant progress in expanding its product portfolio, platform adoption, and market share. The company is well-positioned for future growth, particularly in areas like cloud service management and security. However, challenges remain, such as determining the optimal approach for security and navigating the evolving AI landscape.