Datadog's first-quarter earnings surpassed expectations, and its president plans to step down later this year.Software as a Service (SaaS) platform specialist Datadog (DDOG -10.88%) released its Q1 earnings on Tuesday, May 7. The results beat analysts' expectations, with a non-GAAP net income per diluted share of $0.44 beating the forecast of $0.34. Revenue reached $611 million, outpacing the expected $590 million. This latest performance report signals strong operational efficiency and an undiminished dema ...

Key TakeawaysShares of Datadog sank in intraday trading Tuesday as the cloud monitoring and security company’s guidance appeared to be less than some had anticipated.The company also said president Amit Agarwal was resigning.Datadog's first-quarter profit and revenue exceeded forecasts. Datadog (DDOG) shares plunged in intraday trading Tuesday as the cloud monitoring and security company’s guidance appeared to be less than some had anticipated, and its president resigned. Datadog said it sees current-quarte ...

Datadog, Inc. (NASDAQ:DDOG) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Yuka Broderick - Vice President, Investor Relations Olivier Pomel - Co-Founder & Chief Executive Officer David Obstler - Chief Financial Officer Conference Call Participants Sanjit Singh - Morgan Stanley Mark Murphy - JPMorgan Kash Rangan - GS Raimo Lenschow - Barclays Matt Hedberg - RBC Fatima Boolani - Citi Brent Thill - Jefferies Jake Roberge - William Blair Karl Keirstead - UBS Brad Reback - Stifel K ...

Growth is slowing, but profits and cash flows are getting stronger.In this video, Motley Fool contributor Jason Hall breaks down why Datadog (DDOG -10.30%) stock fell sharply after earnings and, despite the sell-off, why he thinks it's a buy now.*Stock prices used were from the morning of May 7, 2024. The video was published on May 7, 2024. ...

Datadog (DDOG) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 29.41%. A quarter ago, it was expected that this data analytics and cloud monitoring company would post earnings of $0.43 per share when it actually produced earnings of $0.44, delivering a surprise of 2.33%.Over the last ...

First quarter revenue grew 27% year-over-year to $611 million Strong growth of larger customers, with about 3,340 $100k+ ARR customers, up from about 2,910 a year ago Announced general availability of Bits AI for Incident Management, Event Management, Error Tracking for Logs, and Mobile App Testing Exhibit 99.1 Datadog Announces First Quarter 2024 Financial Results May 7, 2024 Second Quarter and Full Year 2024 Outlook: Based on information as of today, May 7, 2024, Datadog is providing the following guidanc ...

Datadog (DDOG) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this data analytics and cloud monitoring company have returned +2.4% over the past month versus the Zacks S&P 500 composite's -3% change. The Zacks Internet - Software industry, to which Datadog belongs, has lost 4.1% over this period. Now the key question is: Where could the stock be headed i ...

These companies have a strong presence in growing markets and shares trade at reasonable valuations. Those qualities could send both stocks higher in the long term.The S&P 500 (^GSPC 1.20%) just had its second-strongest first quarter in the past decade. The index advanced 10.2% during the three-month period that ended in March, notching 22 record highs along the way.Meanwhile, valuations across the stock market have become much more expensive, but buying opportunities still exist. For instance, Datadog (DDO ...

The latest trading session saw Datadog (DDOG) ending at $119.91, denoting a -0.15% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.87%. On the other hand, the Dow registered a gain of 0.67%, and the technology-centric Nasdaq increased by 1.11%.Shares of the data analytics and cloud monitoring company witnessed a loss of 2.38% over the previous month, beating the performance of the Computer and Technology sector with its loss of 5.98% and the S&P 500's loss of 3.97%.Marke ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Datadog (DDOG) .Datadog currently has an average brokerage recomm ...