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 ...

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Datadog (DDOG) closed at $129.18 in the latest trading session, marking a -1.49% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.23%. Elsewhere, the Dow saw an upswing of 0.37%, while the tech-heavy Nasdaq appreciated by 0.07%.Coming into today, shares of the data analytics and cloud monitoring company had gained 9.97% in the past month. In that same time, the Computer and Technology sector gained 11.06%, while the S&P 500 gained 5.3%.Investors will be eagerly watc ...

Datadog (DDOG) closed the latest trading day at $124.44, indicating a -1.88% change from the previous session's end. This change lagged the S&P 500's daily loss of 1.61%. Meanwhile, the Dow experienced a drop of 0.82%, and the technology-dominated Nasdaq saw a decrease of 2.23%.Shares of the data analytics and cloud monitoring company witnessed a gain of 10.21% over the previous month, beating the performance of the Computer and Technology sector with its gain of 5.53% and the S&P 500's gain of 3.28%.Invest ...

In January, the S&P 500 (^GSPC 0.53%) has done something it hasn't done in two years: The benchmark index reached a record high and officially entered bull market territory. That creates an opportunity for investors. The S&P 500 returned an average of 169% during the dozen bull markets that have taken place since its inception in 1957, and many stocks are sure to soar during the next oneWith that in mind, now is a good time to buy shares of Snowflake (SNOW 1.08%) and Datadog (DDOG -0.32%). The companies pla ...

Famous investors such as Warren Buffett and Peter Lynch agree that you only need to hit homeruns with one or two stocks to make a lot of money. A single stock can make an investor’s career and lead them to riches. These are often referred to as compounders, stocks that consistently beat the market over many years, driven higher by incredible earnings growth and profitability. Consider that $10,000 invested in Amazon (NASDAQ:AMZN) on the day that it held its initial public offering (IPO) in 1997 would be wor ...