Datadog: Growth Continues To Impress Despite Macro Challenges [Seeking Alpha]
Datadog, Inc. - Class A (DDOG)
Last datadog, inc. - class a earnings: 2/13 04:10 pm
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Source: Seeking Alpha
pirankaDatadog, Inc. (NASDAQ:DDOGvaluations in the market. The combination of market leading revenue growth and consistent operating margin profitability around 20-25% are unparalleled and deserving of a premium.However, the company is seeing some impact from the more challenging macro environment and while their 2022 guidance was raised, it was raised less than the Q2 beat, implying a potentially slowed second half of the year.Longer-term,management has reiterated their confidenceThe stock remains down over 30% year to date and is currently over 40% below their all-time high. As with many software stocks over the past 12 months, DDOG was prone to the investor rotation out of fast-growth, high-valuation names as fears around a potential recession increased.DDOG has a current forward revenue multiple in excess of 20x, however, 2022 revenue growth is still expected to be around 57% yoy, despite the ongoing macro challenges. In addition, DDOG has maintained their strong operating profit
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DDOG
News
- Is Datadog Stock Going to $150? 1 Wall Street Analyst Thinks So. [Yahoo! Finance]Yahoo! Finance
- Datadog, Inc. (NASDAQ: DDOG) had its price target lowered by analysts at Barclays PLC from $152.00 to $145.00. They now have an "overweight" rating on the stock.MarketBeat
- Datadog, Inc. (NASDAQ:DDOG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Datadog, Inc. (NASDAQ: DDOG) had its price target lowered by analysts at BMO Capital Markets from $155.00 to $140.00. They now have an "outperform" rating on the stock.MarketBeat
- Company News for May 8, 2024 [Yahoo! Finance]Yahoo! Finance
DDOG
Earnings
- 5/7/24 - Beat
DDOG
Sec Filings
- 5/9/24 - Form 4
- 5/8/24 - Form 4
- 5/8/24 - Form 10-Q
- DDOG's page on the SEC website