All articles tagged with #datadog
The article highlights two AI stocks, SentinelOne and Datadog, which are poised for significant growth in 2026, with SentinelOne focusing on AI-powered cybersecurity and Datadog on AI tools for digital infrastructure management, both receiving strong analyst buy ratings and promising upside potential.
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's stock surged nearly 15% after being unexpectedly added to the S&P 500 index, replacing Juniper Networks, which was acquired. The move is expected to boost demand from institutional investors. Despite lagging the broader tech sector this year, Datadog has shown strong revenue growth driven by AI demand and raised its full-year revenue forecast. The company's inclusion in the S&P 500 highlights its growing importance in the tech industry.
Datadog's stock surged nearly 15% after being added to the S&P 500, reflecting increased institutional demand and confidence in its AI-driven monitoring software. Analyst Daniel Ives raised the price target to $170, citing strong momentum in observability and AI initiatives, despite the current average target being slightly lower at $140.46.
Datadog is set to join the S&P 500 index replacing Juniper Networks after its acquisition by Hewlett Packard Enterprise, leading to a 10.8% premarket stock increase, with a market cap of $49 billion and a focus on cloud activity management.
Datadog is set to join the S&P 500 index, marking a significant milestone for the software company and potentially impacting its stock performance.
Datadog reported fourth-quarter earnings and revenue that exceeded expectations, but its 2024 guidance fell short, causing DDOG stock to initially drop 9%. The enterprise software maker's earnings were 44 cents per share on revenue of $589.6 million, surpassing analyst estimates. However, its 2024 profit forecast of $1.41 per share and revenue outlook of $2.565 billion missed Wall Street expectations. Despite the tumble, DDOG stock has shown strong performance in 2024 and over the past year, with an upcoming investor day scheduled for February 15.
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.
Grand View Research estimates a 37% annual growth in AI spending through 2030, presenting a significant investment opportunity. Nvidia, with its dominant position in AI/ML chips and full-stack strategy, Amazon's utilization of AI in e-commerce, advertising, and cloud computing, and Datadog's AI-driven observability and cybersecurity software, are highlighted as top AI growth stocks to consider for long-term investment due to their strong potential for capitalizing on the AI trend and reasonable valuations.
Datadog and CrowdStrike, two software vendors shaping the future of artificial intelligence (AI), have been recognized on Fortune's Future 50 List for their long-term growth prospects. Datadog specializes in observability software and has been recognized as a leader in application performance monitoring and AI for IT operations. CrowdStrike specializes in cybersecurity software and has been ranked a leader in cloud security and endpoint security. Both companies reported strong financial results in the third quarter and have introduced new AI products to meet growing demand. Analysts expect both companies to experience significant revenue growth in the coming years, making them attractive investments for patient investors.
CNBC's Jim Cramer believes that the recent rally in tech stocks, exemplified by enterprise software company Datadog's strong performance, is not over. Datadog's stock surged nearly 30% after beating earnings estimates and raising its full-year guidance. Cramer suggests that the success of Datadog is positive news for peer stocks like MongoDB and Snowflake, as well as known partners like Meta, Shopify, and ServiceNow. The company's CEO indicated that clients' optimization efforts may be moderating, which could benefit other tech and enterprise software companies. Cramer sees the recent market gains as a transformational moment and advises investors to adjust to the new reality or risk being left behind.
Datadog's stock surged 28% after the cloud monitoring software company reported better-than-expected third-quarter earnings and raised its full-year guidance. The company's quarterly revenue of $547.5 million exceeded estimates, and adjusted earnings per share came in higher than expected. Datadog also increased its revenue and profit outlook for the full year. The positive results boosted other cloud-computing stocks as well. CEO Olivier Pomel mentioned that "AI-native customers" contributed to the company's revenue, but did not confirm any specific partnerships.
Datadog reported strong earnings and revenue for the September quarter, surpassing expectations and causing its stock to surge by 25.5%. The enterprise software maker's earnings per share rose by 95% compared to the previous year, while revenue increased by 25%. For the current quarter, Datadog provided an optimistic outlook, with profit and revenue forecasts exceeding Wall Street estimates. Other cloud software stocks, including Snowflake and MongoDB, also experienced gains following the news.
Datadog shares fell after Bank of America downgraded the company, citing downside revenue risk and conservative demand based on recent checks. The analyst noted increased competition and a perception of Datadog as a premium offering, which could lead to customers choosing lower-cost alternatives. The analyst also lowered revenue estimates for 2024 and 2025. Despite the downgrade, other analysts and Seeking Alpha authors maintain a bullish outlook on Datadog.
Datadog's second-quarter earnings and revenue exceeded expectations, with earnings per share of 36 cents and revenue of $509 million. However, the company's third-quarter revenue guidance fell short, causing its stock to plummet by 20.6%. Datadog also lowered its full-year 2023 revenue projection. Despite this, analysts believe that Datadog's partnership with Amazon Web Services and its focus on monitoring AI workloads could provide a boost in the future.