Datadog Inc is a leading cloud monitoring and analytics platform that enables organizations to gain deep visibility into their applications, infrastructure, and services
By providing real-time observability across various environments, Datadog helps businesses monitor performance, troubleshoot issues, and optimize operations. Its comprehensive suite of tools integrates metrics, logs, and traces into a unified platform, allowing teams to collaborate effectively and make data-driven decisions that enhance system reliability and user experience. With a strong focus on simplicity and scalability, Datadog supports companies in navigating the complexities of modern cloud environments.
Software is eating the world, and virtually no business is left untouched by it. Companies bringing it to life have been rewarded with explosive earnings growth, and the upward trend shows no signs of stopping
as the industry has posted a 18.2% gain over the past six months, beating the S&P 500 by 13.2 percentage points.
Cybersecurity stock DDOG is pulling back and providing opportunity after tepid guidance sapped investor momentum. The long-term outlook remains intact.
Shares of cloud monitoring software company Datadog (NASDAQDDOG)
fell 14.9% in the pre-market session after the company reported disappointing fourth quarter results and provided full-year revenue and EPS guidance below Wall Street's estimates. Despite strong revenue growth of 25% year on year, operating margins shrunk, and the outlook suggests a slowdown in growth. Notably, the guidance implied a 10% y/y decline in net new revenue, and when combined with the weaker margins, could suggest the company is facing stronger competition to find new customers. Overall, this quarter could have been better, and the guidance is weighing on shares.
Cloud monitoring software company Datadog (NASDAQDDOG) reported Q4 CY2024 results exceeding the market’s revenue expectations, with sales up 25.1% year on year to $737.7 million. The company expects next quarter’s revenue to be around $739 million, close to analysts’ estimates. Its non-GAAP profit of $0.49 per share was 13.3% above analysts’ consensus estimates.
Based on a technical and fundamental analysis of NASDAQ:DDOG we ask: Why DATADOG INC - CLASS A (NASDAQDDOG) Is a Promising High-Growth Stock in the Midst of Consolidation.
