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.
Datadog (DDOG) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.45 per share a year ago.
Datadog's quarterly revenue jumped 26% to $690 million, comfortably beating estimates.
DDOG's premium valuation multiples and stiff competitive pressures suggest investors might wait for a better entry point ahead of Q3 earnings results.
Datadog (DDOG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Datadog (DDOG) reachead $126.37 at the closing of the latest trading day, reflecting a -0.18% change compared to its last close.