Datadog, Inc. Stock Price, News & Analysis

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.

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.

Datadog, a leading monitoring and security platform for cloud applications, announced the general availability of Universal Service Monitoring on November 29, 2022. This innovative solution allows for automatic detection and visibility of all microservices within an organization without requiring any code changes. Using eBPF technology, it helps address gaps in monitoring uninstrumented services, thus improving response times and operational efficiency. The solution integrates seamlessly with existing Datadog tools, providing comprehensive insights into the health and dependencies of technology stacks.

Datadog, Inc. (NASDAQ: DDOG) announced a new integration with Amazon Security Lake, facilitating the transfer of cloud security logs with minimal configuration. This partnership aims to streamline log aggregation and improve threat detection capabilities for users. Customers can utilize out-of-the-box detection rules or create custom security rules to analyze data. The integration highlights Datadog's commitment to enhancing cloud security analytics, as emphasized by executives from both Datadog and Amazon Security Lake during its unveiling at AWS re:Invent.

Datadog, Inc. (NASDAQ:DDOG) announced participation in several investor conferences from November 15 to December 8, 2022. Presentations include:

• RBC Technology Conference on November 15 at 3:45 PM ET
• Needham Big Data Conference on November 16 at 9:30 AM ET
• Credit Suisse Technology Conference on November 29 at 12:15 PM ET
• Barclays Technology Conference on December 8 at 2:35 PM ET

Webcasts will be available on the investor relations website.

Datadog reported a 61% year-over-year revenue growth for Q3 2022, totaling $436.5 million. The company saw a significant increase in its large customers, with 2,600 customers now generating over $100k ARR, compared to 1,800 a year ago. Non-GAAP operating income stood at $74.8 million, while GAAP net loss per diluted share was $(0.08). The company announced the launch of 18 new products and features at its Dash conference, enhancing its platform's capabilities. For Q4 2022, Datadog anticipates revenue between $445 million and $449 million.

Datadog has acquired Cloudcraft, a service for real-time visualization of cloud architectures, to enhance its monitoring platform. This acquisition aims to assist organizations in optimizing their cloud health, configuration, and cost decisions through dynamic, updated cloud infrastructure diagrams. Cloudcraft's technology facilitates instant analysis of AWS environments, ensuring operational efficiency and compliance. Datadog will continue offering Cloudcraft's services while integrating them into its platform, expanding capabilities for cloud migrations and container adoptions, ultimately benefiting its customer base.

Datadog (NASDAQ: DDOG) released its fourth Container Report, based on data from over 1.5 billion containers managed by thousands of customers. The report highlights the rapid adoption of containers, with nearly 50% of users employing Kubernetes. Moreover, usage of serverless technologies increased from 21% in 2020 to 36% in 2022. However, challenges persist with 50% of container customers using unsupported Kubernetes versions and over 30% running old container versions, posing security risks. The full report is available at Datadog's website.