71.25 +0.25 (0.35%)
After hours: 7:59PM EDT
Commodity Channel Index
|Bid||71.25 x 800|
|Ask||71.30 x 2900|
|Day's Range||67.52 - 75.00|
|52 Week Range||27.55 - 75.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 09, 2020 - Aug 12, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||47.18|
Is (DDOG) Outperforming Other Computer and Technology Stocks This Year?
A lot of cloud-based platform providers are sky-high these days, but these three stocks have what it takes to keep reaching for the clouds.
CrowdStrike's system uses the power of cloud computing, artificial intelligence, and big data. The more customers CrowdStrike racks up, the more data it collects, and the more sophisticated its Threat Graph becomes. Despite having just gone public one year ago in June of 2019, CrowdStrike has more than doubled its $34 IPO price.
The stock market rally was tested amid economic recovery fears and China tensions, but found support at key levels. Tesla's Fremont plant reopened as recent IPOs jumped on earnings.
Datadog (NASDAQ: DDOG) had first-quarter results that smashed expectations, and management raised its full-year guidance. The software-as-a-service (SaaS) company should profit from the secular growth of cloud computing since it offers cloud monitoring capabilities.
Fate is a cruel mistress, the saying goes. But how about turning the phrase on its head? Might fate be a welcoming friend, too? That’s certainly the case during COVID-19. As some companies’ unfortunate line of business has dictated a struggle to make it through the pandemic, some are inherently well set up to benefit.Cloud based services and data focused companies, for example. Or specifically, Datadog (DDOG). The SaaS data analytics specilaist’s performance has been impressive. Since the turn of year, DDOG shares have appreciated by 82%, whilst successfully navigating through the pandemic storm. And unlike many companies struggling with recent Q1 reports, DDOG just delivered the goods. So, where has it all gone right for DDOG?As befits a data crunching platform, it’s all in the numbers. In the first quarter, the company reported revenue of $131.25 million, up by 87.4% year-over-year and easily beating the Street's call for $117.7 million. Q1 Non-GAAP EPS of $0.06 came ahead of the estimates by $0.07, turning a profit against expectations.Bucking the trend to shy away from guidance, in Q2, DDOG expects revenue to come in between $134 to $136 million (consensus calls for $126.31 million) and for FY20 , the company projects revenue in the range of $555 to $565 million, again ahead of consensus, which calls for $534.50 million.Even though they've yet to encounter any pressure, anticipating COVID-19 headwinds, management is preparing for some 2Q/3Q retention rate pressure and deal slippage.Oppenheimer analyst Ittai Kidron expressed great satisfaction with the results and steady execution, and said, “Even with management budgeting for some 2Q/3Q COVID-19 pressure on retention rate/churn, they were still comfortable raising CY20 guidance given the robustness of the existing deal pipeline. Management's also doubling down on aggressive investment, positioning for long-term gains.”Despite the strong report, though, Kidron argues the upside is “fairly reflected in Datadog's premium valuation.” However, the 5-star analyst believes “investors with longer investment horizons (+18 months) can buy into the story.” Accordingly, Kidron keeps his Perform (i.e. Hold) rating as is, though has not set a price target. Kidron is one of the top analysts on Wall Street covering technology. His picks average a 32% one-year return, and he's ranked in the top 10 out of over 6,500 analysts, according to TipRanks database.When evaluating DDOG’s prospects, the Street is almost split down the middle. 7 Buys and 6 Holds add up to a Moderate Buy consensus rating. However, the company’s on-going share appreciation means the current average price target of $61.50, implies downside of 11%.Read more: * 3 “Strong Buy” Dividend Stocks That Look Great After Earnings Beat * 2 Cruise Line Stocks to Bet on After the Coronavirus Crisis (And 1 to Avoid) * 3 Stocks Needham’s Top Analysts Are Raving About
The Dow Jones traded lower. While stocks sold off, the major indexes are maintaining their strong advance since the April 2 follow-through day.
Shares of Datadog (NASDAQ: DDOG), which provides a monitoring and analytics platform for cloud-based systems, soared by as much as 24% Tuesday morning, and was up 22.4% as of 1:15 p.m. EDT. The stock's sharp rise came on the heels of an impressive first-quarter report that featured skyrocketing revenue and an expanding gross profit margin. Datadog's revenue jumped 87% year over year to $131 million, fueled by rapid growth in the number of customers providing it with annual recurring revenue greater than $100,000.
Ladies and gentlemen, thank you for standing by and welcome to the Q1 2020 Datadog Earnings Conference Call. Good afternoon and thank you for joining us today to review Datadog's first quarter 2020 financial results which we announced in our press release issued after the close of market today. Joining me on the call today are Olivier Pomel, Datadog's Co-Founder and CEO; and David Obstler Datadog's CFO.
The major stock indexes were sharply mixed early Tuesday. Tesla jumped 3% after restarting production.
Stocks remained in a holding pattern on Tuesday morning, with investors still torn about what the future is likely to bring. Earnings reports for the first quarter haven't been as bad as many had feared, but there's almost no visibility about what the second quarter is likely to bring, and that has some market participants reluctant to put too much faith in the economy's resiliency in the face of the coronavirus pandemic. Many investors have turned to cloud computing stocks as a refuge from the coronavirus bear market, and there have been a lot of success stories in the space.
Datadog skyrocketed following better-than-expected earnings and guiding higher. The cloud-based app monitoring software platform delivered a surprise profit and 87% revenue growth.
Auth0, the identity platform for application builders, today announced that it has partnered with Datadog (DDOG), the monitoring and analytics platform for developers, IT operations teams, and business users in the cloud age, to provide security, engineering, and infrastructure teams with mission-critical identity information in near real-time. The integration is powered by Auth0’s new log streaming capabilities, giving customers the ability to continuously deliver Auth0 logs to their existing monitoring and alerting dashboards, making operations easier and more effective. The Datadog integration now allows all Auth0 customers to seamlessly forward all tenant logs to their Datadog account without additional development time.
Datadog earnings and revenue handily beat first-quarter analyst estimates on Monday while guidance also topped Wall Street targets. Datadog stock rose in extended trading.
First quarter revenue grew 87% year-over-year to $131 million Strong growth of larger customers, with 960 $100k+ ARR customers versus 508 a year ago Launched Security.
The Dow Jones and S&P; 500 fought back after early losses Monday. The Nasdaq composite looked poised for its sixth straight gain as growth stocks led again.
Artisan Mid Cap Fund recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -11.55% for the quarter (investor class), outperforming their benchmark, the Russell Midcap Index which returned -27.07% in the same quarter. You should check out Artisan Mid Cap Fund’s top 5 […]
Datadog, Inc. (NASDAQ:DDOG), the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age, today announced that management will present at the following investor conferences.
Dow Jones futures fall as a Trump tariff threat and China tensions pressure the coronavirus stock market rally. Apple, Facebook lead stocks showing real strength.