Welcome to our dedicated page for Datadog news (Ticker: DDOG), a resource for investors and traders seeking the latest updates and insights on Datadog stock.
Datadog, Inc. (NASDAQ: DDOG) is a leading monitoring and security platform specifically designed for cloud applications. As a cloud-native company, Datadog focuses on providing comprehensive visibility into its clients' IT infrastructure, enabling them to gather and analyze data from servers, containers, databases, and third-party services in real-time. This extensive observability helps DevOps teams to avoid downtime, swiftly resolve performance issues, and deliver a superior user experience.
Founded with the vision of making IT infrastructure monitoring seamless and integrated, Datadog offers its services via a software-as-a-service (SaaS) model. Its robust platform allows clients to monitor and analyze machine-generated data across their entire technological stack, facilitating applications in various business operations.
Recently, Datadog has achieved significant milestones. In the third quarter of 2023, the company reported a 25% year-over-year revenue growth, reflecting robust new logo bookings and a continuous focus on addressing DevSecOps challenges. CEO Olivier Pomel highlighted the company's role in aiding diverse industries in leveraging cloud applications to achieve user growth, revenue enhancement, productivity improvements, and cost savings.
Datadog's platform integrates with Google Cloud, making it one of the first partners for Vertex AI, thereby empowering AI and ML developers to monitor, analyze, and optimize their machine learning models in production. This expanded strategic partnership underscores Datadog's commitment to enhancing cloud-native and hybrid application observability and security.
Financially, Datadog continues to exhibit strong performance. For the fiscal year 2023, the company reported a 27% increase in revenue, with an operating cash flow of $660 million and free cash flow of $598 million. These figures highlight Datadog's robust financial health and its ability to deliver value to its stakeholders.
Datadog's innovative contributions are not limited to financial performance alone. The company continues to launch new features and capabilities, focusing on modern observability, cloud security, software delivery, and cloud service management. With over 400 new features delivered in 2023, Datadog remains at the forefront of technological advancements, constantly enhancing its platform to meet the evolving needs of its customers.
Looking ahead, Datadog is poised to continue its trajectory of growth and innovation. With strategic initiatives such as its annual conference Dash, the company fosters a collaborative environment where industry professionals can exchange ideas and learn about the latest in observability, security, and AI. The company's future plans focus on delivering more innovations to support customers in their digital transformation and cloud migration journeys.
Datadog (NASDAQ: DDOG) has announced its second quarter fiscal year 2021 financial results will be reported before the U.S. markets open on August 5, 2021. A conference call is scheduled for the same day at 8:00 a.m. ET to discuss the earnings and future financial guidance. Stakeholders can access the call at 800-708-4539 domestically or 847-619-6396 internationally, with the conference ID 50198098. A live webcast will also be available on Datadog's Investor Relations page.
Datadog (NASDAQ: DDOG) announced its integration with Salesforce, enhancing security for organizations utilizing Salesforce as a primary data repository. This integration allows monitoring of user and API activity, enabling faster identification of potential data breaches. Key features include real-time user monitoring, platform API visibility, pre-built threat detection rules, and a dedicated dashboard for threat monitoring. This collaboration aims to improve data security for joint customers, aiding in rapid issue resolution and efficient monitoring.
Ozcode has announced a new integration with Datadog, enhancing the debugging experience for developers working with live systems. This partnership allows developers to add dynamic instrumentation, enabling the capture of logs, metrics, and traces without code changes. Ozcode's solution accelerates troubleshooting and eliminates the need to replicate issues in non-production environments. Datadog users can now access Ozcode's Live Debugger, improving their ability to monitor and resolve production errors effectively.
Datadog (NASDAQ: DDOG) has announced the general availability of its AWS Lambda extension, enhancing its cloud application monitoring and security platform. This extension allows engineering teams to efficiently send data (metrics, traces, logs) to Datadog while minimizing overhead for serverless applications. As AWS Lambda functions are increasingly invoked, the new capabilities lead to cost and time savings for customers, improving operational speed and service visibility across all AWS Lambda runtimes.
Datadog (NASDAQ: DDOG) announced its support for application monitoring with AWS App Runner, becoming a Launch Partner for this new fully managed service. This integration enables engineering teams to monitor their applications without managing infrastructure. Key monitoring capabilities include identifying errors, ensuring resource adequacy, scaling efficiently, and maintaining security oversight. Datadog aims to streamline the deployment and scaling of applications, providing customers with improved performance tracking and issue resolution capabilities.
Datadog (NASDAQ: DDOG), a leader in monitoring and security for cloud applications, will present at three upcoming investor conferences. The events are:
- J.P. Morgan Global Technology Conference: May 24, 2021, at 9:30 a.m. ET
- William Blair Growth Stock Conference: June 3, 2021, at 1:00 p.m. ET
- Berenberg Cyber/DevOps Conference: June 14, 2021, at 11:00 a.m. ET
Presentations will be webcast live, with replays available on the company’s investor relations site.
Datadog's Q1 2021 revenue reached $198.5 million, up 51% YoY. The company's customer base grew significantly, boasting 1,437 customers with $100k+ ARR, a 50% increase. Datadog completed the acquisitions of Sqreen and Timber, enhancing its security offerings. Recognized as a Leader in Gartner's Magic Quadrant for APM, Datadog is positioned well amidst a digital transformation trend as businesses seek agile solutions. For Q2 2021, revenue is projected between $211 million and $213 million, with a full-year forecast of $880 million to $890 million.
Datadog, Inc. (NASDAQ: DDOG) will release its first quarter fiscal year 2021 financial results on May 6, 2021, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss the results and financial guidance. Investors can join via phone or listen to a live webcast on Datadog's Investor Relations page. The company continues to enhance its monitoring and security platform for cloud applications, catering to various organizations to support digital transformation and cloud migration.
Datadog, Inc. (NASDAQ: DDOG) has been recognized as a Leader in the 2021 Gartner Magic Quadrant for Application Performance Monitoring, announced on April 14, 2021. This acknowledgment reflects Datadog's ongoing product innovation and growth in its customer base. The platform provides integrated monitoring and security solutions for cloud applications, promoting enhanced observability. Datadog's high recommendation rating of 91% from 132 customer responses reinforces its effectiveness in application performance monitoring, underscoring its commitment to addressing customer needs in the evolving cloud landscape.
Datadog (NASDAQ: DDOG) has successfully closed its acquisition of Sqreen, a SaaS-based security platform aimed at enhancing application-level security for enterprises. This acquisition aims to strengthen Datadog's application performance monitoring (APM) capabilities and provide a comprehensive security monitoring solution. According to CEO Olivier Pomel, the integration of Sqreen will enhance application security while reducing visibility issues, costs, and learning curves associated with traditional security products. This move aligns with modern DevSecOps practices emphasizing continuous security integration.
FAQ
What is the current stock price of Datadog (DDOG)?
What is the market cap of Datadog (DDOG)?
What is Datadog, Inc.?
How does Datadog's platform benefit DevOps teams?
What recent financial achievements has Datadog reported?
What are some of Datadog's recent strategic partnerships?
What is Datadog's SaaS platform?
What was the financial performance of Datadog in fiscal year 2023?
What are Datadog's main areas of focus for future innovation?
How does Datadog help businesses with cloud migration?
What is the significance of Datadog's annual conference, Dash?
What are some of the new features Datadog delivered in 2023?
