DDOG Stock Recent News

Positioned based on its Ability to Execute and Completeness of Vision NEW YORK , Aug. 14, 2024 /PRNewswire/ -- Datadog , Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced it has been named a Leader in the Gartner Magic Quadrant for Observability Platforms, 2024. This is the fourth consecutive year Gartner has positioned Datadog as a Leader in the Magic Quadrant.

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Datadog (NASDAQ:DDOG ) The Oppenheimer Technology, Internet and Communications Conference March 14, 2024 2:05 PM ET Company Participants David Obstler - CFO Conference Call Participants Ittai Kidron - Oppenheimer Ittai Kidron All right. So good afternoon, everybody, and thanks for joining us today for this session.

We have narrowed our search to five large-cap stocks that have lagged the market year to date. These are: DDOG, SHOP, PFE, HES, PCG.

Datadog's (DDOG) second-quarter 2024 results benefit from strength in customer demand for offerings in modern observability, cloud security, software delivery and cloud service management.

Datadog beat Q2 revenue and EPS estimates, showing strong spending patterns by enterprise customers and launching new AIOps and LLM Observability tools. Revenue growth stabilizing around 25-26%, with impressive CAGR in revenue growth since FY19, but GenAI adoption needs to increase for meaningful valuation revision. Strong margin expansion, adjusted operating income growth, and impressive growth rates projected, but valuation multiple may still be deemed rich by markets.

Datadog delivered its usual "beat and raise" quarter in Q2, to which the stock barely reacted. The company raised its growth outlook by one point to 23-24% y/y growth for FY24. Though Datadog's "Rule of 40" orientation merits a premium versus many software peers, its ~11x FY25 revenue multiple is too expensive to ignore.

Datadog Inc. (NASDAQ:DDOG ) Q2 2024 Earnings Conference Call August 8, 2024 8:00 AM ET Company Participants Olivier Pomel - Chief Executive Officer David Obstler - Chief Financial Officer Yuka Broderick - Vice President, Investor Relations Conference Call Participants Sanjit Singh - Morgan Stanley Raimo Lenschow - Barclays Mark Murphy - JP Morgan Kash Rangan - Goldman Sachs Kirk Materne - Evercore ISI Fatima Boolani - Citi Matt Hedberg - RBC Jake Roberge - William Blair Koji Ikeda - Bank of America Yi Fu Lee - Cantor Fitzgerald Patrick Colville - Scotiabank Taz Koujalgi - Wedbush Securities Operator Good day and thank you for standing by. Welcome to the second quarter 2024 Datadog earnings conference call.

Datadog NASDAQ: DDOG is a leading provider of observability and security solutions for cloud applications. Datadog's earnings report for the second quarter of 2024 has once again impressed Datadog's analyst community by demonstrating the company's strong market position.

Datadog (NASDAQ: DDOG ) stock is heading higher on Thursday following the release of the cloud applications security platform company's earnings report for the second quarter of 2024. Datadog starts off its earnings report strong today with adjusted EPS of 43 cents.