Datadog, Inc. - DDOG STOCK NEWS

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.

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.

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.

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.

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.

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.

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.

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.

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.