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DDOG

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
WDAY - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term. 🔹The short-term trading range has experienced a POSITIVE trend as it has broken a short-term resistance level. 🔹In case of a NEGATIVE reaction, the stock has support at approximately 207. 🔹Technically POSITIVE for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:WDAYLong
by wavepoint99
INTU - Rising Trend Channel [MID-TERM]🔹Rising trend channel in the medium long term. 🔹In case of a NEGATIVE reaction, the stock has support at approximately 490. 🔹Short-term trading range has been positively signaled by breaking a resistance level. 🔹The RSI is showing a Bearish Divergence against the price, indicating a potential downward reaction. 🔹Technically positive for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:INTULong
by wavepoint99
DDOG of the DAQ?NASDAQ:DDOG is struggling to make new highs. It needs to hold this support. The doji that formed at the end of the day does not bode well for a breakout. Does this mean their dream to chase down NASDAQ:SPLK market share may have to wait? Bullish Case - This is a tough level but not impossible. If they can add more value to shareholders, it can attract more investor support. Earnings are due sometime in August or sooner, so this can provide what we need to break out. 91.80 is not a bearish level to watch but a discount for bulls to buy in. Bearish Case - Bulls are trying and failing all at once. How can there be a golden cross and yet no new high? That means we will retest the 50 and possibly the 200, which BOTH are below the bearish level that will become resistance when we break it. This gravestone doji will play true and destroy supports along the way as we blow past the 91.80 price. Conclusion - Consolidation after having a very bullish signal is a sign of accumulation, but the bears hold serve by dishing out a gravestone at the end of the day. This is why 91.80 is both a support and the potential curse if price breaks below. Can the bulls keep the accumulation going for 3 more weeks? Bullish above - 102.88 Bearish below - 91.80
NASDAQ:DDOGShort
by JDTheGreat
Datadog DDOGHi Folks, DDOG start to draw an orderly consolidation. the consolidation is not yet mature, but worth to keep under surveillance. • A big move in the past 1-3 months anywhere from 30%-100% the rally last for a few days to weeks. • Orderly consolidation with higher lows & tightening range • RDM, VCP • Stocks surfs the rising EMA 10 or the EMA 20 • Volumes are significative compared to previous phase - NO • Volumes dry up at the end of the consolidation • Volumes are strong during the breakout - NO • ADR is high, 3.8 - OK • Revenues are really strong, but earnings needs to improve. Go DDOG Wouf Wouf !!!
NASDAQ:DDOGLong
by NicolasPT1
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
DDOG Entry, Volume, Target, Stop, ResistanceEntry: when price clears 103.80 Volume: with daily volume greater than 7.9M Target: 132 area Stop: Depending on your risk tolerance; 94.42 gets you 3/1 Risk/Reward. Resistance: 121 area This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:DDOGLong
by tradepatiently
Long Trade in DDOGDatadog is trying to put end to what has been a vicious Stage 4 downtrend. The stock fell 68% in last year’s bear market but is now rising quickly off the lows. DDOG has reclaimed its 200-day moving average (white line on chart) for the first time in over a year after reporting better-than-expected earnings numbers last week. The stock has stalled just under $90 per share where it has seen resistance previously. I would like to see the stock consolidate for a few days in this area (yellow triangle) to digest any sellers and then break out to new highs. A move through $90 on above average volume would be buyable for me.
NASDAQ:DDOGLong
by rossgivens
DDOG - Rising Trend Channel [MID TERM]- DDOG as broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. - DDOG has broken a resistance level and given a positive signal for the long-term trading range. - DDOG has marginally broken up through resistance at 87.00. - Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the stock in the short term. - The short term momentum of the stock is strongly positive, with RSI above 70. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:DDOGLong
by wavepoint99
DDOG Long SetupThe CCI positive divergence, increase in volume, and downtrend break up are all bullish indicators for the underlying asset. Additionally, the stock s able to close above a key resistance level, it could signal further upside potential. As an investor, it's important to weigh the potential upside against the risk and consider diversifying your portfolio. As always, it's important to conduct your own research and consult with a financial advisor before making any investment decisions.
NASDAQ:DDOGLong
by hermes_fx