Datadog (DDOG) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, DDOG broke through the 20-day moving average, which suggests a short-term bullish trend.A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.Like ot ...

Summary of Datadog, Inc. (NASDAQ:DDOG) Conference Call Company Overview - **Company**: Datadog, Inc. - **Industry**: Cloud Monitoring and Analytics - **Event**: RBC Capital Markets Global TIMT Conference - **Date**: November 19, 2024 Key Points Q3 Performance and Market Trends - Datadog reported strong Q3 results with stability in end markets, particularly in the enterprise segment where larger enterprises resumed digital projects, leading to significant deals and improved net retention rates [3][4] - The small and medium-sized business (SMB) segment showed stable growth, with net retention rates remaining positive but not accelerating due to economic concerns in the venture capital environment [4][6] - Cross-selling and multi-product sales efforts have been successful, with over $2.5 billion in Annual Recurring Revenue (ARR) from three key product pillars [5] Customer Segmentation - Approximately one-third to 35% of Datadog's business comes from SMBs, with the largest segment being enterprise customers at around 35% to 40% [6] - The mid-market segment, defined as companies with 1,000 to 5,000 employees, has also been a focus for Datadog [6] Cloud Optimization and ROI - The conversation around cloud optimization has evolved, with customers increasingly focused on ROI and cost management in a cautious economic environment [8][9] - Datadog's customers go through cycles of investment, deployment, and optimization, which impacts their purchasing behavior [8] Billings and Revenue Correlation - Billings can fluctuate and may not always correlate directly with revenue growth due to the timing of billing cycles [11][12] - Long-term, billings are expected to align with revenue growth, but short-term variations are common [12] AI and Cloud-Native Customers - The proportion of AI-native customers increased from 4% to 6% of ARR, driven by demand for cloud-native solutions and increased workloads [15][18] - Datadog has around 30,000 customers, with approximately 3,000 using operations data and a few hundred utilizing LLM monitoring [22][25] Competitive Landscape - Datadog is gaining market share in the cloud logs and cloud SIEM segments, competing against established players like Splunk and Dynatrace [33][36] - The acquisition of Splunk has raised questions about competitive dynamics, but Datadog remains optimistic about its innovation and market position [35] Future Product Development - Datadog is focusing on expanding its product offerings, including service management, security products, and business analytics, to drive future growth [39][41] - The company is also exploring AI-related functionalities to enhance its platform [42] Capital Allocation and M&A Strategy - Datadog has approximately $3.2 billion in cash and does not feel over-capitalized, allowing for flexibility in investments and potential acquisitions [43] - Future acquisitions would need to align with Datadog's product roadmap and ensure compatibility with its existing platform [44] Growth and Profitability Balance - The company aims for long-term growth with a target of 25%+ margins, balancing investments in product development and go-to-market strategies [49] - Datadog is focused on expanding its quota capacity and investing in R&D to capitalize on market opportunities [48] Economic Environment and Future Outlook - The impact of AI on production environments and enterprise cloud migration is a key area of focus for Datadog moving forward [56][57] - Key performance indicators to watch include net retention rates, new logo acquisition, and geographical distribution of enterprise customers [59] Additional Insights - Datadog has a minimal exposure to government spending, which is not expected to significantly impact its growth [53] - The SMB segment is characterized by stable growth, primarily targeting larger SMBs rather than small mom-and-pop businesses [54]

Datadog, Inc. (NASDAQ:DDOG) RBC Capital Markets Global TIMT Conference November 19, 2024 10:00 AM ET Company Participants David Obstler - CFO Conference Call Participants Matthew Hedberg - RBC Capital Markets Matthew Hedberg My name is Matt Hedberg. Thank you. By the way, I got a pause for a second. You guys make this -- this conference is fantastic. Like I was talking to Matt Finigan who runs sales, like you can't even hardly walk in the hallways, it's just it's great attendance. And so you guys make this ...

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A growing amount of Datadog's revenue is coming from artificial intelligence.The technology sector is on a tear in 2024, led by some of the largest companies in the world. As of this writing, the Nasdaq-100 index is up 22% year to date, with Nvidia stock soaring 182% and Meta Platforms stock up 57%.The smaller end of the tech sector isn't performing quite as well, however, and many stocks are still trading below their record levels from 2021. Datadog (DDOG -0.10%) stock, for example, is up just 4%, and it's ...

Cybersecurity is a big business and is getting bigger every day. Attacks are growing at an alarming double-digit pace and will accelerate in 2024. The rise of AI will accelerate growth in 2025 and increase the risks as black hats get smarter and stronger. That means sustained demand increases for products from leading cybersecurity firms like Fortinet NASDAQ: FTNT and Datadog NASDAQ: DDOG.  Get Datadog alerts:Fortinet: Protecting Networks From Cyber Attacks Fortinet provides various cybersecurity products a ...

Datadog (DDOG) delivered impressive third-quarter results, demonstrating robust growth and strategic execution. The company reported revenues of $690 million, marking a substantial 26% year-over-year increase and exceeding the high end of its guided range besides beating the Zacks Consensus Estimate by 4.15%.The company reported third-quarter 2024 non-GAAP earnings of 46 cents, which increased 27.8% from the year-ago quarter and beat the Zacks Consensus Estimate by 17.95%.With approximately 29,200 customers ...

Datadog (DDOG) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The power ...

Kubernetes Active Remediation empowers users to detect issues, gain contextualized insights and make changes to repair Kubernetes environments—all within one integrated workflowNEW YORK, Nov. 12, 2024 /PRNewswire/ -- Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced the launch of Kubernetes Active Remediation, which builds on Datadog's automated troubleshooting capabilities to provide curated remediation guidance, best practices and end-to-end issue m ...

Investors need to dig in beyond the hype words.Datadog (DDOG -4.11%) and Snowflake (SNOW -2.15%) both help companies optimize their businesses with AI-powered applications. Datadog collects diagnostic data from a wide range of software applications, aggregates that information onto its unified dashboards, then feeds it all to its Bits AI generative AI platform. That process makes it much easier for IT professionals to diagnose software problems.Snowflake's cloud-based data warehouse is used to collect infor ...