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Datadog, Inc. - DDOG STOCK NEWS

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.

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Datadog (NASDAQ: DDOG) released its 2023 State of Application Security Report on April 25, 2023. The report highlights that only 3% of vulnerabilities tagged as 'critical' by the Common Vulnerability Scoring System (CVSS) are genuinely high risk. This finding suggests that 97% of such vulnerabilities can be deprioritized, allowing security teams to optimize their budgets and efforts effectively. The study indicates that non-production environments are targeted in 10% of attacks, and many attacks fail due to the wrong choice of programming languages or vulnerabilities. Java services have the most critical vulnerabilities, while Python has the least. The report emphasizes the need for DevOps teams to stay ahead of threats while maintaining operational efficiency.

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Datadog has announced the launch of its new data center in Tokyo, Japan, marking its first data center in Asia. This facility will enable Datadog customers and partners to store and process data locally, ensuring compliance with Japanese data residency requirements and privacy regulations.

The new data center supports all existing Datadog products, enhancing service delivery for Japanese clients amidst their rapid digital transformation. According to Amit Agarwal, President at Datadog, the center will provide fast, low latency observability and security for hybrid-cloud environments.

This strategic expansion aligns with Datadog's commitment to delivering tailored services while adhering to local regulations, thereby facilitating smoother operations for clients in the region.

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Datadog (NASDAQ: DDOG) has announced the general availability of Application Vulnerability Management, enhancing its application security capabilities. This new feature enables teams to detect and prioritize vulnerabilities in open-source libraries, which make up over 70% of software, using real-time data from Datadog's observability platform. With vulnerabilities projected to rise to almost 2,000 a month in 2023, this tool aims to help organizations manage security risks effectively. The solution integrates with the Service Catalog, allowing teams to identify impacted services quickly. Henri Cour from Continental Digital Services emphasized the tool's impact in improving remediation processes.

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Datadog (NASDAQ:DDOG) has announced the date for its first quarter fiscal year 2023 earnings report, which will be released before the U.S. markets open on May 4, 2023. A conference call to discuss the financial results and guidance will be held at 8:00 a.m. Eastern Time on the same day. Interested parties can register for the call via a provided link or access a live webcast on the company's Investor Relations page. Datadog offers a comprehensive observability and security platform for cloud applications, integrating various capabilities such as infrastructure and application performance monitoring. This announcement indicates the company's ongoing commitment to transparency and investor communication.

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Census has partnered with Datadog to enhance data quality for its Data Activation platform. This integration allows Census users to monitor real-time reverse ETL processes with custom alerts and dashboards. The features enable tracking of sync health and provide notifications for faster incident response, ensuring reliable data pipelines crucial for customer engagement. Users can utilize a recommended dashboard to oversee sync success rates and processed records across various business tools. This partnership aims to deliver heightened visibility and reliability in data activation flows.

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Datadog (NASDAQ:DDOG) will present at the Morgan Stanley Technology, Media and Telecom Conference on March 7, 2023, at 12:50 p.m. Eastern Time. The presentation will be webcast live and will be available for replay on their investor relations website for a limited time.

Datadog provides a comprehensive monitoring and security platform for cloud applications, integrating various capabilities to enhance observability and security across diverse technology stacks. The company supports organizations in digital transformation and cloud migration, promoting collaboration among various teams.

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CircleCI has launched a new integration with Datadog (NASDAQ: DDOG), enhancing the continuous integration and delivery (CI/CD) capabilities for software teams. This integration, now available in the Datadog Marketplace, aims to streamline workflow optimization by resolving error-prone jobs and flaky tests. Over the past year, CircleCI has significantly expanded its integration partnerships, responding to increased customer demand, and currently boasts over 150 technology partnerships. This partnership marks CircleCI's continued commitment to providing tools that enhance productivity and flexibility for development teams.

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Datadog reported a 44% year-over-year revenue increase, reaching $469 million in Q4 2022. The company experienced significant growth in larger customers, boasting 317 customers with over $1 million in ARR, up from 216 the previous year. For FY 2022, revenue surged by 63% to $1.68 billion, with $418 million in operating cash flow. Despite GAAP operating losses of $(34.6 million) in Q4, Datadog remains optimistic for 2023, forecasting Q1 revenue between $466 million and $470 million and full-year revenue between $2.07 billion and $2.09 billion.

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Datadog (NASDAQ:DDOG) will report its fourth quarter and fiscal year 2022 financial results on February 16, 2023, before U.S. markets open. A conference call will follow at 8:00 a.m. Eastern Time to discuss the results and financial guidance. Interested parties can register for the call through a designated link or listen via a live webcast on the Investor Relations page of Datadog's website. This announcement highlights Datadog's commitment to transparency and ongoing communication with investors regarding its financial performance and outlook.

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Datadog (NASDAQ: DDOG) has been recognized as a Leader in The Forrester Wave™: Artificial Intelligence For IT Operations, Q4 2022. The report evaluates the top vendors providing AIOps capabilities, highlighting Datadog's strengths in data insights and visualizations. The company's R&D team has the highest number of data scientists focused on machine learning advancements. Forrester's analysts noted that Datadog’s offerings are particularly beneficial for cloud-native organizations, enhancing operational efficiency through superior observability and integration capabilities.

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FAQ

What is the current stock price of Datadog (DDOG)?

The current stock price of Datadog (DDOG) is $149.46 as of December 20, 2024.

What is the market cap of Datadog (DDOG)?

The market cap of Datadog (DDOG) is approximately 49.8B.

What is Datadog, Inc.?

Datadog, Inc. (NASDAQ: DDOG) is a cloud-native monitoring and security platform that provides comprehensive observability for cloud applications.

How does Datadog's platform benefit DevOps teams?

Datadog's platform helps DevOps teams avoid downtime, quickly resolve performance issues, and ensure a superior user experience by monitoring and analyzing data from servers, containers, databases, and third-party services.

What recent financial achievements has Datadog reported?

In Q3 2023, Datadog reported a 25% year-over-year revenue growth, robust new logo bookings, and a continued focus on solving DevSecOps pain points.

What are some of Datadog's recent strategic partnerships?

Datadog recently expanded its partnership with Google Cloud. It is one of the first AI/ML observability solution partners for Vertex AI, allowing developers to monitor and optimize their machine learning models.

What is Datadog's SaaS platform?

Datadog's SaaS platform integrates infrastructure monitoring, application performance monitoring, log management, real-user monitoring, and more to provide unified, real-time observability and security for entire technology stacks.

What was the financial performance of Datadog in fiscal year 2023?

Datadog reported a 27% year-over-year revenue growth, $660 million in operating cash flow, and $598 million in free cash flow in fiscal year 2023.

What are Datadog's main areas of focus for future innovation?

Datadog is focusing on modern observability, cloud security, software delivery, and cloud service management for future innovations.

How does Datadog help businesses with cloud migration?

Datadog's platform helps businesses migrate to the cloud with confidence by providing comprehensive observability and security, enabling better customer experiences and business outcomes.

What is the significance of Datadog's annual conference, Dash?

Dash is an annual conference where industry professionals can connect, learn from leading brands, and gain expert-led instruction on vital skills and topics in observability, security, and AI.

What are some of the new features Datadog delivered in 2023?

In 2023, Datadog delivered over 400 new features and capabilities to help customers with cloud migration and digital transformation.

Datadog, Inc.

Nasdaq:DDOG

DDOG Rankings

DDOG Stock Data

49.83B
304.06M
2.84%
81.31%
3.35%
Software - Application
Services-prepackaged Software
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United States of America
NEW YORK