All articles tagged with #cloud monitoring
Datadog, a cloud monitoring company, recently joined the S&P 500 and has seen its stock soar 315% since its 2019 IPO, driven by strong revenue and profit growth. Despite its high valuation, Wall Street considers it a buy due to ongoing digital transformation trends and its industry-leading platform.
Datadog (DDOG) is set to report its earnings, with analysts expecting a 21.2% year-on-year revenue growth to $568.8 million and adjusted earnings of $0.44 per share. The company has a history of surpassing Wall Street's expectations and has seen positive sentiment among investors in the software development segment. With the demand for cloud-native cybersecurity on the rise, Datadog's strong revenue growth and leading position in the industry make it a company to watch.