Datadog Inc. Cl A (DDOG) News
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DDOG News Highlights
- DDOG's 30 day story count now stands at 25.
- Over the past 24 days, the trend for DDOG's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
- ARR, ALT and SRC are the most mentioned tickers in articles about DDOG.
Latest DDOG News From Around the Web
Below are the latest news stories about DATADOG INC that investors may wish to consider to help them evaluate DDOG as an investment opportunity.
Previously on Dynatrace
Dynatrace, Inc. (DT) is one of the leading companies in the IT observability space, focusing on enterprise customers in both hybrid and cloud only environments. Their end-to-end AI-assisted observability platform has been recognized by the most renowned 3rd party research firms.
For those who are looking for a deeper dive into the observability market in general or the position of Dynatrace within the market, I suggest reading my Nicholas Istvan Kiss, CFA on Seeking Alpha | February 2, 2023
Beaten-down growth stocks are rallying in the wake of the Federal Reserve's rate decision and more hopeful outlook on inflation.
Tech companies are facing a tough time as the digitalization trend that surged during the pandemic returns to normal levels. Pair that with worsening macroeconomic conditions, and top tech companies like Amazon, Alphabet, and Meta have announced massive layoffs as the environment becomes increasingly challenging. Datadog (NASDAQ: DDOG), the monitoring and security platform for cloud applications, went against the crowd by delivering mind-blowing growth of 61% in the third quarter of 2022.
Based on the average brokerage recommendation (ABR), Datadog (DDOG) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
These growth stocks have taken a massive haircut last year and offer a chance for outsized gains in 2023
Datadog (DDOG) closed at $77.23 in the latest trading session, marking a +1.62% move from the prior day.
Here is how Asure Software Inc (ASUR) and Datadog (DDOG) have performed compared to their sector so far this year.
Among stocks priced under $100 per share currently, few are better buys than The Trade Desk (NASDAQ: TTD) and Datadog (NASDAQ: DDOG). As the advertising industry moves toward a more consumer-targeted model, The Trade Desk's software becomes essential to any advertiser's strategy. Instead of tracking cookies (which are being phased out), the open-source code associates an email address with an anonymous ID, allowing The Trade Desk to track the consumer from platform to platform more accurately and securely.
The Nasdaq Composite is heavily weighted toward the technology sector, and that tends to make the index volatile. For instance, the Nasdaq is currently 31% off its high, while the broad-based S&P 500 is down just 17%. Despite falling more sharply of late, the Nasdaq has easily outperformed the S&P 500 over the past decade because it includes many innovative and potentially disruptive companies, and those companies can create tremendous value for patient shareholders.
As of 3:20 p.m. ET, the stock was still up 6.1%. While the rebounding market no doubt played a part in its ascent, the real reason Datadog gained ground was bullish commentary by a Wall Street analyst. Cantor Fitzgerald analyst Jonathan Ruykhaver initiated coverage of Datadog stock with an overweight (buy) rating.