The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Datadog (DDOG) . Datadog currently has an average brokerage reco ...

Datadog, Inc. (NASDAQ:DDOG) 52nd J.P. Morgan Annual Global Technology, Media & Communications Conference May 20, 2024 12:30 PM ET Company Participants Olivier Pomel - CEO Conference Call Participants Mark Murphy - JPMorgan Chase & Co Mark Murphy Okay. Welcome, everyone. I'm Mark Murphy, software analyst with JPMorgan. It is a great pleasure to be here with Olivier Pomel, who is the CEO and Co-Founder of Datadog. So first off, Olivier, thank you so much for being with us here today. Olivier Pomel Thank you f ...

Datadog is delivering a healthy mix of revenue growth and profitability, with a little help from artificial intelligence (AI). Few tech innovations are as important to modern organizations as the cloud. A company can rent computing power from centralized data centers (which are often managed by tech giants) and run its operations online for a fraction of the cost of building and maintaining its own infrastructure. This allows the company to hire remote workers and reach a global customer base (to name just ...

Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators. A downtrend has been apparent in Datadog (DDOG) lately. While the stock has lost 6.3% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears t ...

Datadog (DDOG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this data analytics and cloud monitoring company have returned -8%, compared to the Zacks S&P 500 composite's +2.5% change. During this period, the Zacks Internet - Software industry, which Datadog falls in, has lost 3.8%. The key question now is: What could be the stock' ...

Datadog, Inc. (NASDAQ:DDOG) January 19, 0000 9:30 AM ET Company Participants David Obstler - Chief Financial Officer Conference Call Participants Mike Cikos - Needham Mike Cikos My name is Mike Cikos. I'm lead analyst, covering Infrastructure Software here at Needham. Thank you for joining us at today's TMT Conference. Pleased to announce that we have the CFO from Datadog with us. Thank you, David. David Obstler Thank you for having us. Mike Cikos It is going to be a 40-minute fireside. I have a number of q ...

Summary of Datadog, Inc. Conference Call Company Overview - **Company**: Datadog, Inc. (NASDAQ: DDOG) - **Date**: January 19, 2023 - **Participants**: David Obstler (CFO), Mike Cikos (Needham Analyst) Key Highlights from the Conference Call Recent Earnings Results - **Organic Growth Rate**: The organic growth rate in Q1 was higher than any quarter since Q2/Q3 of 2022, indicating a recovery from previous optimization pressures, especially among larger customers [3][4] - **Client Activity**: Clients are returning to work and migrating applications to the cloud, which is a key revenue driver [4] - **Seasonality Impact**: Q4 to Q1 sequential growth is typically lower due to holiday effects, but the company saw significant Annual Recurring Revenue (ARR) additions [4][5] Revenue and Billing Insights - **RPO Growth**: RPO (Remaining Performance Obligations) grew by 52% year-over-year, while Current RPO (CRPO) increased in the low 40s percentage [11] - **Billings Growth**: Billings grew by 21%, but this is less indicative of performance due to seasonal factors and the consumption-based revenue model [18][19] - **Consumption Trends**: Consumption trends improved in Q1 compared to Q4, aligning more with the strength observed in Q2 or Q3 of 2022 [21] Customer Behavior and Market Dynamics - **Customer Commitments**: Increased long-term commitments from clients indicate a willingness to consolidate and invest in Datadog's services [15] - **Optimization Trends**: The most intense optimizers are showing signs of returning to growth, moving away from cost management [36] - **AI Integration**: Approximately 3.5% of ARR is derived from next-gen AI customers, with a focus on infrastructure and application performance monitoring (APM) [37] Product Development and Market Position - **New Product Launches**: Datadog is expanding its product offerings, including Cloud Security Management and IT Event Management, with early positive feedback [39][48] - **Flex Logs**: Despite being in limited availability, Flex Logs has already surpassed $10 million in ARR, indicating strong demand [45] - **Competitive Landscape**: Datadog continues to gain market share as competitors consolidate or go private, leading to more disciplined pricing strategies in the industry [67] Financial Strategy and Future Outlook - **Cash Flow**: The company is approaching $1 billion in cash flow, providing flexibility for potential strategic acquisitions [63][65] - **Investment Focus**: Datadog is prioritizing investments in R&D and sales/marketing to support growth in new markets and product areas [72] - **Hiring Plans**: The company is actively hiring in R&D and sales to support its expanding product suite and market presence [72][76] Risks and Considerations - **Economic Environment**: The company acknowledges ongoing economic risks, including high interest rates, which could impact growth [36] - **Guidance Methodology**: Datadog's guidance incorporates a conservative approach, discounting trends to account for variability in usage and consumption [61] Additional Insights - **AI and Observability**: The integration of AI into Datadog's offerings is still in early stages, with ongoing exploration of monetization strategies [56][59] - **Talent Acquisition**: The competitive labor market has eased, allowing Datadog to recruit talent from various sources, including former competitors [70] This summary encapsulates the key points discussed during the conference call, highlighting Datadog's performance, market dynamics, product developments, and strategic outlook.

The cloud stock plunged following its latest earnings report, but investors shouldn't lose sight of the bigger picture.Cloud observability and security platform provider Datadog (DDOG 2.67%) has underperformed the broader stock market in 2024, with shares of the company down 7% as of this writing, and it looks like things are set to go from bad to worse following the release of its first-quarter 2024 results on May 7.Datadog stock plunged more than 11% after its earnings report, and that would seem surprisi ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are th ...

After recent share price softness, the pundit believes the software-as-a-service specialist could vault 33% higher.While a sharp rise in share price is pleasing for investors, it can become a challenge when a company fails to perform sufficiently to justify the higher levels. That seemed to be the dynamic with software-as-a-service (SaaS) platform developer Datadog (DDOG -0.79%). The company's latest quarterly earnings report was impressive in many ways, but apparently it wasn't good enough for many investo ...