Share prices of observability and security software provider Datadog (DDOG 3.40%) have been on a tear over the past few months, gaining nearly 70% since Nov. 1. While the company's fourth-quarter report on Tuesday featured somewhat weak guidance, Wall Street continues to rally behind the stock.Datadog received a slew of price target bumps on Wednesday, with the most optimistic view coming from analysts at Loop Capital. Loop Capital maintained its "buy" rating on the stock and boosted its price target from $ ...

Datadog (DDOG) reported fourth-quarter 2023 non-GAAP earnings per share (EPS) of 44 cents, which increased 109.5% from the year-ago quarter and beat the Zacks Consensus Estimate by 2.33%.The company’s net revenues of $589.6 million rose 25.6% year over year and beat the consensus estimate by 4.05%.Quarter DetailsThe company ended the fourth quarter with 27,300 customers, up from 23,200 in the prior-year period.In the fourth quarter of 2023, Datadog had 3,190 customers with an annual run rate (ARR) of $100,0 ...

Shares of Datadog (DDOG -2.35%) fell as much as 8.4% early Tuesday, then briefly turned positive before closing the day down 2.4% after the cloud-based data analytics platform's conservative forward outlook overshadowed an otherwise strong quarterly update.Datadog is enjoying operating leverage at scaleDatadog's fourth-quarter 2023 revenue grew 26% year over year to $589.6 million, translating to generally accepted accounting principles (GAAP) net income of $0.15 per share (compared to a loss of $0.09 per s ...

Datadog, Inc. (NASDAQ:DDOG) Q4 2023 Earnings Call Transcript February 13, 2024 8:00 AM ET Company Participants Yuka Broderick - VP of IR Olivier Pomel - Co-Founder and CEO David Obstler - CFO Conference Call Participants Sanjit Singh - Morgan Stanley Mark Murphy - JPMorgan Raimo Lenschow - Barclays Ray McDonough - Guggenheim Ittai Kidron - Oppenheimer Mike Cikos - Needham Frederick Havemeyer - Macquarie Capital Patrick Colville - Scotiabank Keith Bachman - BMO Operator Good day, and thank you for standing b ...

Datadog (DDOG) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.33%. A quarter ago, it was expected that this data analytics and cloud monitoring company would post earnings of $0.34 per share when it actually produced earnings of $0.45, delivering a surprise of 32.35%.Over the last ...

Datadog Inc (NASDAQ:DDOG) stock was on the backfoot despite results which at surface level appear positive financial results, including a 26% rise in fourth quarter revenue. Reported at $590 million, fourth quarter revenue was driven by a significant increase in customer numbers and, particularly, an increase in larger companies under its recurring revenue model. Operating cash flow for the quarter totalled $660 million, whilst free cash flow came in at $598 million. Fourth quarter adjusted earnings per sha ...

Fourth quarter revenue grew 26% year-over-year to $590 million Strong growth of larger customers, with 396 $1 million+ ARR customers, up from 317 a year ago NEW YORK, Feb. 13, 2024 /PRNewswire/ -- Datadog, Inc. (NASDAQ:DDOG), the monitoring and security platform for cloud applications, today announced financial results for its fourth quarter and fiscal year ended December 31, 2023. "We are pleased with our strong execution in fiscal year 2023, with 27% year-over-year revenue growth, $660 million in operatin ...

One of the hallmarks of the recent economic downturn was a pause in the digital transformation, marked by a dramatic pullback in cloud spending, as companies turned to cloud optimization in an effort to more efficiently use their existing services. The financial results released by one company today suggest that customers are beginning to pile back into cloud services, which could mark the end of a historic dry spell.As of 2:56 p.m. ET on Friday, Datadog (DDOG 2.97%) stock had risen 3.6%, Snowflake (SNOW 4. ...

Datadog (DDOG) ended the recent trading session at $131.45, demonstrating a +0.64% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.06% for the day. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.24%.The data analytics and cloud monitoring company's stock has climbed by 8.68% in the past month, falling short of the Computer and Technology sector's gain of 12.39% and outpacing the S&P 500's gain of 6.45%.The upcoming earnings rel ...

Despite challenges such as rising national debt, an aging population, and increased interest expenses, the positive future of the U.S. economy is underscored by recently enacted legislation to curb federal spending and stronger-than-expected economic growth. The Congressional Budget Office’s report indicates that annual deficits over the next decade are 7% smaller than previously forecast, partly due to a two-year deal to limit discretionary spending and a surge in new workers, primarily immigrants, enterin ...