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 ...

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 ...