Get started

Datadog

Datadog: S&P 500 Candidate?! Key Levels to Watch Now!Hi there, When we talk about the most respected stocks in the market, getting added to the S&P 500 index is a big milestone for any company. It’s not just a status symbol—it’s an event that can push the stock price higher as funds and investors rush to buy it. Datadog (DDOG) is one of the potential candidates , so let’s analyze what the price action is telling us. Technical Breakdown: Right now, Datadog stock is testing a key support level of around $130. This price level has acted as both resistance and support in the past, and in November last year, the stock broke above it. Now, it has come back to retest this level, possibly looking for a base before making its next move. If $130 holds as support, and the company’s fundamentals remain strong, this could be a solid entry point for buyers. A secondary support zone to watch is near $100, about 25% lower than the current price. This level has seen big price movements before, meaning there could be strong interest from traders and investors if the stock drops there. As legendary investor Peter Lynch once said: "If you sell instead of buying when a stock drops 25%, you won’t achieve long-term profits in stocks." This idea is also the foundation of my approach – what to do when the price drops? Am I ready to buy more at lower prices? If the answer is something like “probably not,” “not sure,” etc., then it’s worth considering whether it’s even worth buying in the first place! Plans for different types of investors: Short-Term Investors: If you’re looking for a quick trade, you might want to wait for a dip to $100, where a stronger bounce could happen. Buying from current prices can be a bit risky considering short-term horizons. Long-Term Investors: If you believe in Datadog’s continued growth, the $130 level might already be a good spot to start buying. But be ready to buy more if the price drops further. Final Thoughts: Datadog is a fast-growing company with strong fundamentals, but the stock also has a high valuation and faces competition. As always, do your own research and make sure your investment strategy fits your risk level and goals. Cheers, Vaido 🚀 Stay Ahead of the Markets! Get high-quality technical analysis, real investment ideas, and key price levels—without the noise. 📩 Subscribe to my Substack for expert insights that help you trade smarter! 📱 On mobile: Just scroll down and select your preferred language. 💻 On desktop: Find the links in my BIO—copy & paste or click the Website icon to go directly to Substack ENG.
NASDAQ:DDOGLong
by VaidoVeek
Datadog Beat Earnings Estimates President Steps DownDatadog ( NASDAQ:DDOG ), a monitoring and security platform for cloud applications, reported strong first-quarter earnings and revenue that exceeded expectations. The company's guidance was influenced by views, with Amit Agarwal being announced as the company's new president at the end of 2024. Datadog's ( NASDAQ:DDOG ) earnings for the March quarter were 44 cents per share, up 29% from the previous year. Revenue jumped 27% to $611 million, slightly accelerating for a second straight quarter. Analysts expected Datadog to report profit of 34 cents a share on revenue of $590 million. However, Datadog forecasted earnings of 35 cents versus estimates of 34 cents. For the current quarter ending in June, Datadog ( NASDAQ:DDOG ) said it expects revenue of $622 million at the midpoint of guidance. Wall Street analysts predicted Q2 sales of $617 million. Datadog forecast earnings of 35 cents versus estimates of 34 cents. The company has a partnership with Amazon Web Services, the cloud computing unit of Amazon.com (AMZN). Datadog's ( NASDAQ:DDOG ) financial results for the first quarter ended March 31, 2024, showed a 27% year-over-year revenue growth and continued product innovation across its platform. The company had about 3,340 customers with an ARR of $100,000 or more as of March 31, 2024. Amit Agarwal will be stepping down as President, remaining in his role until the end of 2024 to ensure continuity and a successful transition. After his departure, Agarwal is expected to join the Datadog Board of Directors. Datadog ( NASDAQ:DDOG ) has also announced the general availability of IT Event Management, an addition to its suite of AIOps capabilities. With Event Management, Datadog intelligently consolidates, correlates, and enriches event alerts from Datadog and third-party tools into one consistent view so teams can proactively discover, understand, and resolve issues. The company has also published its annual State of DevSecOps 2024 report, which found that a surprising amount of organizations are not embracing automation when it comes to securing cloud deployments. Datadog ( NASDAQ:DDOG ) has received the Google Cloud Technology Partner of the Year awards for AppDev - CloudOps and Marketplace - Infrastructure for the second consecutive year. The company has also announced the return of DASH, its annual user conference, to New York City. Datadog's guidance for the second quarter and full year 2024 is as follows: revenue between $620 million and $624 million, non-GAAP operating income between $134 million and $138 million, and non-GAAP net income per share between $0.34 and $0.36. Technical Outlook Despite the Earnings Beat, Datadog ( NASDAQ:DDOG ) plummeted 11.88% in early market trading forming a downward gap. The stock's Relative Strength Index (RSI) is 34.25 which is down from 51.
NASDAQ:DDOG
by DEXWireNews
Datadog's Earnings Report: Navigating Through the Guidance DipDatadog ( NASDAQ:DDOG ), the New York-based software maker renowned for its monitoring and analytics platform, recently unveiled its fourth-quarter earnings, sending ripples through the investment community. While the company showcased robust performance in both earnings and revenue, its 2024 guidance fell short of expectations, triggering a temporary dip in NASDAQ:DDOG stock. Let's delve deeper into Datadog's financial narrative and decipher the implications of its guidance miss. Earnings Triumph Amidst Guidance Headwinds: Datadog's ( NASDAQ:DDOG ) fourth-quarter earnings painted a picture of resilience and growth. With earnings per share surging 70% year-over-year to 44 cents on an adjusted basis and revenue climbing 26% to $589.6 million, the company outpaced analyst projections. This stellar performance underscored Datadog's ( NASDAQ:DDOG ) prowess in catering to the evolving needs of software developers and IT departments. Guidance Disappointment: However, the spotlight swiftly shifted to Datadog's ( NASDAQ:DDOG ) 2024 guidance, which failed to meet Wall Street's expectations. While the company forecasted a profit of $1.41 per share at the midpoint, analysts had anticipated $1.77 per share. Similarly, Datadog's ( NASDAQ:DDOG ) revenue outlook of $2.565 billion fell short of the $2.586 billion projected by analysts. This deviation from consensus estimates injected a dose of uncertainty into the market, causing NASDAQ:DDOG stock to initially slide by 9%. Analyzing the Numbers: Despite the guidance miss, Datadog's ( NASDAQ:DDOG ) projected revenue for 2024 represents a healthy 23% year-over-year increase. This growth trajectory, albeit slightly below expectations, underscores the company's resilience and potential for sustained expansion. Moreover, Datadog's partnership with Amazon Web Services positions it strategically within the burgeoning cloud computing landscape, providing a solid foundation for future growth. Investor Sentiment and Road Ahead: As Datadog ( NASDAQ:DDOG ) gears up for its investor day on February 15th, all eyes will be on the company's strategic roadmap and initiatives to capitalize on emerging opportunities. While the guidance miss may have sparked short-term volatility, long-term investors may view this as an opportune moment to accumulate shares in a company poised for continued innovation and market leadership. Conclusion: Datadog's ( NASDAQ:DDOG ) recent earnings report encapsulates the dichotomy of triumph and challenge in the dynamic world of technology stocks. While the company's stellar performance in Q4 underscores its underlying strength, the guidance miss serves as a reminder of the inherent volatility in the market. As investors await further insights from Datadog's ( NASDAQ:DDOG ) upcoming investor day, the company remains poised to navigate through headwinds and chart a course towards sustainable growth and value creation.
NASDAQ:DDOGLong
by DEXWireNews
Long Trade in DDOGDatadog is a big AI name that has come back to life in a big way. After falling 68% in last year’s bear market, the stock has surged 58% in just the last two months. The shallow base formed over the last few weeks took place on lower-than-average volume – a hint that institutions are not selling and the stock is becoming harder to buy. DDOG is now trying to push through the $100 century mark which has acted as resistance for the last five weeks. Traders could buy here with a stop just beneath the 90.88 swing low to risk 10% on the trade.
NASDAQ:DDOGLong
by rossgivens
Datadog, Inc 80% Decline UnderwayDatadog is an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Annual Revenue: Datadog revenue for the twelve months ending March 31, 2022, was $1.193B, a 77.9% increase year-over-year. Datadog annual revenue for 2021 was $1.029B, a 70.48% increase from 2020. Datadog annual revenue for 2020 was $0.603B, a 66.34% increase from 2019. Annual Net Income: Datadog annual net income for 2021 was $-0.021B, a 15.49% decline from 2020. Datadog annual net income for 2020 was $-0.025B, a 46.9% increase from 2019. Datadog annual net income for 2019 was $-0.017B, a 55.27% increase from 2018.
NASDAQ:DDOGShort
by KnowledgeAndProfits
DDOG - Heading to $120DDOG in downward megaphone pattern. ~$150 is strong resistance. Expecting it to be around $120 zone expediated path. $150 is strong resistance and $120 is strong support. I may plan to buy handful PUTS for once the increment gets CAP around ~$150 in TOO GREEN market i.e. RSI to be in overbought region. Hoping this to be the scenario before earning so there is stage set to act in either direction post earning. It can happen early too so play accordingly and dont play aggressively. In case want to play safe then consider selling calls or call vertical spread. Note : Please do your due diligence before opening any kind of position. Regards, Subhash
NASDAQ:DDOGShort
by SubhashGander
DDOG: Probably a 15% up move soonGreat earnings and produced a runaway gap. Then price continue to grind higher throughout the rest of the month. Likely to see a 15% up move in the next month or so before pulling back. This stock looks like it has a longer term perspective. If it does pull back to $125 area, then it's probably good to accumulate. Disclaimer: I'm not giving any trading and investing advice. I'm just sharing my chart observations. If you have any symbols that you'd like me to analyze, feel free to drop me a comment.
NASDAQ:DDOGLong
by leslieyimsm