|Bid||47.00 x 1200|
|Ask||47.24 x 1200|
|Day's Range||44.25 - 48.66|
|52 Week Range||27.55 - 50.12|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 12, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||50.30|
Datadog's (DDOG) fourth-quarter 2019 results benefit from solid customer additions and strength across its enterprise, mid-market, and SMB segments.
Analysts offer fairly upbeat assessments of Datadog, but investors react negatively to the cloud monitoring company's downbeat guidance for the current quarter.
The major stock indexes were mixed early Friday after U.S. retail sales. Nvidia, Roku and Dexcom soared on earnings results.
Dow Jones futures rose modestly early Friday, along with S&P 500 futures and Nasdaq futures, after the stock market rally held its ground Thursday. Nvidia, Dexcom, Roku, Datadog and Alteryx reported earnings after the close.
Datadog Inc. shares sank 5% in after-hours trading Thursday after the data-analytics platform reported fourth-quarter earnings roughly in line with Wall Street expectations but forecast a loss in its current quarter. Datadog reported net income of $891,000, or break-even, in the quarter, compared with a loss of $6.6 million, or 9 cents a share, in the year-ago fourth quarter. Revenue propelled 85% to $113.6 million from $61.6 million a year ago. Analysts surveyed by FactSet had expected a loss of 4 cents a share on sales of $102.4 million. Datadog shares are up 28.4% over the last 12 months. The broader S&P 500 index has gained 22.9% the last year.
Datadog Q4 earnings and revenue topped estimates on Thursday while company guidance also exceeded Wall Street targets. Datadog stock fell in extended trading amid high expectations.
Fourth quarter revenue grew 85% year-over-year to $114 million Strong growth of larger customers, with 858 $100k+ ARR customers versus 453 a year-ago Announced Security.
I've previously discussed why these six stocks are my top picks for 2020. I will periodically provide updates and discuss my strategy for trading them.
The major stock indexes were squarely lower early Thursday on a spike in coronavirus cases. Tesla stock dove 4% on a stock offering.
Datadog's (DDOG) fourth-quarter results are likely to reflect robust adoption of its products, growing international presence and increased operational expenses.
Datadog, Inc. (NASDAQ:DDOG), the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age, today announced that Akiyoshi Kunimoto has joined the company as Country Manager for Japan, leading its Japanese subsidiary, Datadog Japan GK.
Alteryx stock has surged 35% in 2020. Coupa Software, Twilio, Datadog and Cadence Design Systems are other software stocks near buy points.
In the last 30 months (2017 2H onwards), a total of 21 U.S.-based, VC-backed SaaS companies have gone public, including Zoom, Slack, Datadog and others1. Here is a scatterplot of the ARR and cumulative capital raised at the time each company went public. Most companies are clustered close to the diagonal line that represents ARR and capital raised matching each other.
Datadog, Inc. (NASDAQ:DDOG), the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age, today announced that it will report its fourth quarter and fiscal year 2019 financial results after the U.S. financial markets close on Thursday, February 13, 2020.
Cloudflare CEO Matthew Prince joins Yahoo Finance live from the 2020 World Economic Forum in Davos.
Here are five recent IPOs near buy points: XP, Dynatrace, Progyny, Datadog and Bill.com. Three are already turning profits. IPO stocks can be huge winners.
Datadog (NASDAQ: DDOG), the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age, today announced the Datadog Partner Network, a new program expanding Datadog’s support for channel partners. The Datadog Partner Network will bring benefits to partners including: Go-to-market collateral; Self-service training for implementation; Opportunity registration in the Partner Portal; and a Partner Locator Listing. Members of the Datadog Partner Network will have access to training and accreditation programs for Datadog products and services so they can provide their customers localized implementation, support, and fulfillment services.
Datadog (NASDAQ:DDOG), the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age, today announced the Datadog Partner Network, a new program expanding Datadog’s support for channel partners. The Datadog Partner Network will bring benefits to partners including: Go-to-market collateral; Self-service training for implementation; Opportunity registration in the Partner Portal; and a Partner Locator Listing. Members of the Datadog Partner Network will have access to training and accreditation programs for Datadog products and services so they can provide their customers localized implementation, support, and fulfillment services.
(Bloomberg) -- Insight Partners agreed to buy cloud data management company Veeam Software in a deal that values the Swiss firm at about $5 billion.The deal, expected to close in the first quarter, will let Veeam accelerate its expansion into new geographies, the New York-based venture capital firm said in a statement on Thursday.Deals in the cloud computing industry have been on the rise. In November, Google announced plans to buy enterprise software company CloudSimple Inc., to join Google Cloud -- a priority business for the Alphabet Inc. unit. Datadog Inc. raised $648 million in its September initial public offering and Germany’s TeamViewer AG completed an IPO raising about 2 billion euros ($2.2 billion) that same month.William Largent, previously Veeam’s executive vice president, has been promoted to chief executive officer, Insight said in the statement. Danny Allen will be promoted to chief technology officer. Former CEO Andrei Baronov along with his co-founder Ratmir Timashev will step down from the board.Insight led a $500 million financing round into the company in January last year along with Canada Pension Plan Investment Board.Founded in 2006, Baar, Switzerland-based Veeam started by simplifying backups for virtual machines, according to its website. In addition to backups, Veeam also helps customers manage, monitor and run analytics on software and data that they’re storing in the cloud.Goldman Sachs Group Inc., JPMorgan Chase & Co. and Morgan Stanley advised Insight Partners.(Updates with background on other cloud deals in third paragraph.)To contact the reporter on this story: Sarah Syed in London at email@example.comTo contact the editors responsible for this story: Giles Turner at firstname.lastname@example.org, Amy Thomson, Nate LanxonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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 be presenting at the Needham Growth Conference in New York, NY on Wednesday, January 15, 2020 at 2:50 p.m., Eastern Time.
(Bloomberg) -- With all eyes this week on the CES trade show in Las Vegas, famous for a mind-boggling array of personal gadgets, it’s worth considering something counterintuitive: Venture capitalists like consumer technology a lot less than they used to.According to PitchBook data compiled for Bloomberg, last year the normal order of funding in venture capital flipped. Enterprise technology companies, which specialize in software or services for businesses—long the dowdiest landing pad for venture dollars—attracted $30.42 billion, PitchBook data shows, about one-third more cash than consumer technology companies.That funding total is growing fast. Enterprise companies’ venture haul for 2019 was almost double the previous year’s. Meanwhile, the cash going to consumer companies fell by almost a quarter between 2018 and 2019, according to PitchBook data, to $23.26 billion.Those numbers mark the first time in at least last five years that pure enterprise companies have raised more money than consumer-facing tech, the data shows. (Though a separate "undetermined" category, where the distinction between enterprise and consumer technology is not as clear, regularly outpaces both.) The switch comes at a time when enterprise companies’ initial public offerings have been warmly received by investors. For example, shares in video communications company Zoom Video Communications Inc. almost doubled after its April initial public offering. And security company Crowdstrike Holdings Inc. is up almost two-thirds following its June debut. Meanwhile, the most hotly anticipated consumer IPOs have underperformed. Ride-hailing service Uber Technologies Inc. is down by about a third since its June offering, and in an extreme case, co-working company WeWork’s plan for the public markets dramatically crumbled last fall.But public market reception isn’t the only thing driving investment. The enterprise industry—less saturated by existing industry giants—has become a destination for some of the most talented entrepreneurs, and VCs know it. While corporate software may sound painfully boring, advancements in cloud computing and machine learning mean enterprise companies can give employees creative outlets. Investors liken the new opportunities to those once sparked for consumer startups by the advent of smartphones. In the consumer world, large companies are famous for edging out or buying up threatening upstarts. Either outcome means entrepreneurs in the giants’ crosshairs will never get to lead sizeable independent companies. While some large enterprise companies follow that playbook—SAP SE and Salesforce.com Inc. have cemented reputations as acquisition-hungry—enterprise founders often enjoy more latitude to say no to acquisition offers, with less fear that the bigger company will crush them.Cloud-monitoring business Datadog Inc., for example, turned down a bid from Cisco Systems Inc. just days before its IPO in September. And Slack Technologies Inc. continues to grow even as Microsoft Corp. has spent years pushing Teams, its own answer to office messaging.It helps that cutting-edge enterprise software requires a degree of specialization that can be hard to replicate. And increasingly, enterprise customers are open to working with startups, blunting the reputational advantage big brand-name companies enjoy when they roll out a competing product.For insights into how founders are thinking, consider Oleg Rogynskyy, whose business analytics company, People.ai, is the second enterprise startup he's founded. His career could have gone in a consumer direction if he had pursued the first business he got funding for—a photo feed he started in college in 2007. It could have turned into Instagram, maybe, or it could have gone the way of countless other less lucrative photo-sharing startups (remember Hipstamatic, PicPlz and Path?).Switching to enterprise was a good move, Rogynskyy says now. He believes enterprise companies can more easily grow to $100 million in revenue and reach IPO faster than their consumer counterparts, even if those IPOs might raise less capital. “The outcomes are smaller,” Rogynskyy says, “but the odds are higher.”This article also ran in Bloomberg Technology’s Fully Charged newsletter. Sign up here. And here’s what you need to know in global technology news:Leaked Facebook Executive Memo Grapples With Its Role In U.S. ElectionsThe New York Times obtained a memo written by Andrew Bosworth, the head of virtual and augmented reality at Facebook, mulling the social network's role in the rise of President Trump. As World Leaders Shun TikTok, Impersonators Creep InAs TikTok catches fire among the younger set, world leaders and politicians have kept their distance amid national security concerns about the Chinese-owned app.Bitcoin Goes Ballistic After Breaking Through $8,000 LevelBitcoin climbed to the highest since November after breaching the $8,000 price level.Google Says Over 500 Million People Use Its Assistant MonthlyGoogle said its digital assistant is used by more than 500 million people every month. Depending on your perspective, that’s either a win for Google, or a big miss.To contact the author of this story: Sarah McBride in San Francisco at email@example.comTo contact the editor responsible for this story: Anne VanderMey at firstname.lastname@example.org, Mark MilianFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
First up is Datadog , which came public in September at an offering price of $27. Cisco attempted to acquire the Datadog before it went public but it rejected the offer and is now substantially higher than the offering price. Datadog's first report as a public company was quite strong and it increased guidance, although it appears that management left plenty of room for a solid beat.
Dow Jones futures slashed gains after China trade deal buzz sent the stock market to record highs. Adobe signaled a breakout on earnings. Broadcom, Costco, Oracle moved on results too.