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Datadog, Inc.

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DDOG trade ideas

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
DDOG Possible BuyDatadog, software company, after posting good results from end of November is finally becoming a nice bull run prospect for me. What will I be looking at: 1. On Daily time frame, I see a huge Cup and Handle formation , 155 days long to be honest, and it's just making it's Handle break. So entry point for me would be tomorrow's price most likely since the market closed and somehow I missed the initial break of Handle and the Resistance level sitting at $118 price level. 2. Once I enter my position, first thing I always consider is where to get out if my analysis is wrong. So, stop loss level will be sitting right below 21EMA (orange one), but this could be tricky since price I am watching is good stop hunting price, good round number of $12. So, I will put my stop loss around $111.57 level . 3. Possible adding to the position will incur around next resistance level, sitting in ranges between $130-132 price level . I will surely be updating this analysis as the time goes by, but this one could be a nice runner.
NASDAQ:DDOGLong
by De_Banis
long $DDOG for the yearDidnt share any Ideas for a longer time here, as the year started I wanna go with some Ideas, one which confirmed yesterday for me and I did just buy is $DDOG. Quarterly trend is active the whole year and beyond (until end of March25, as you can see in the Chart). I suggest a long with a stop under the weekly breakout about 10% lower as now, so you can choose your positionsize wisely and control your risk by yourself. Everybody a good, profitable, lucky and healthy year by the way!
NASDAQ:DDOGLong
by TiMMiT
DataDog quick look Datadog is a stock I've been monitoring for quite some time. DDOG broke the resistance from it's last high at just over $100. Before that in August 2023 there was a big gap down, the gap started at $105 and it's on it's way to closing it. I think a break of that gap, above $105, is a good entry point if you're looking to hold this stock for the long term. I think it's one of those companies where $1,000 investment will be worth $30k in 10 years. Who knows?? Maybe $117 - $121 will see some resistance, however, the hype associated with AI is attracting investors because this company would stand to benefit from those future revenues. DDOG has had nice bull runs in the past > 100%. Maybe we're at the beginning of the next big leg up.
NASDAQ:DDOGLong
by DontSlamTheDoor
3
my levels to manage my long-term DDOG positionCopy & Paste from IBD: Datadog earnings for the second quarter were 36 cents per share on an adjusted basis, up 50% from a year earlier. The enterprise software maker's revenue jumped 25% to $509 million. Meanwhile, analysts expected Datadog to report profit of 28 cents a share on revenue of $501.6 million. A year earlier, Datadog earned 24 cents on revenue of $406.1 million. For the current quarter ending in September, Datadog forecasts profit in a range of 33 cents to 35 cents vs. estimates of 29 cents. Datadog said it expects revenue of $523 million at the midpoint of guidance. That missed Wall Street targets of $536.2 million. Started in 2010, Datadog operates a monitoring and analytics platform for software developers and information-technology departments. Datadog has a partnership with Amazon Web Services, the cloud computing unit of Amazon.com (AMZN). Some analysts expect Datadog to get a lift as more companies deploy generative artificial intelligence software. Datadog is among AI stocks to watch. "At the (July) user conference last week, the company announced over 15 new products, many of which are designed for monitoring AI workloads," Wells Fargo analyst Andrew Nowinski said in a recent note to clients. Heading into the Datadog earnings report, the software stock had gained 43% in 2023.
NASDAQ:DDOGLong
by KhanhC.Hoang