A growing amount of Datadog's revenue is coming from artificial intelligence.
Cybersecurity is a big business and is getting bigger every day. Attacks are growing at an alarming double-digit pace and will accelerate in 2024.
DDOG wows with 26% revenue rise, AI traction and robust platform adoption. With strong enterprise wins and solid financials, the stock looks ripe for investment.
Datadog (DDOG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Datadog (DDOG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Investors need to dig in beyond the hype words.
Wall Street analysts are overwhelmingly bullish on Microsoft and Datadog.
DDOG's Q3 results reflect challenges, including slowed customer expansion.
Datadog's growth remains stable despite challenging macro conditions, largely due to incremental demand from AI native customers. Datadog's customer acquisition continues to moderate rate though, and the company's net retention rate remains depressed. A range of alternative data also suggests that the demand environment has begun to soften. As a result, investors need to be prepared for a material growth slowdown in Q4.
Datadog, Inc. (NASDAQ:DDOG ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Yuka Broderick - VP, IR Olivier Pomel - CEO and Co-Founder David Obstler - CFO Conference Call Participants Mark Murphy - J.P. Morgan Sanjit Singh - Morgan Stanley Raimo Lenschow - Barclays Kash Rangan - Goldman Sachs Brent Thill - Jefferies Karl Keirstead - UBS Kirk Materne - Evercore ISI Mike Cikos - Needham Gray Powell - BTIG Ittai Kidron - Oppenheimer Operator Good day and thank you for standing by.
Cloud monitoring firm Datadog raised its annual revenue and profit forecasts on Thursday, betting on accelerating demand for its AI-backed cybersecurity products.