Datadog, Inc. Stock Price, News & Analysis

Datadog, Inc. (NASDAQ: DDOG) has launched a new integration for its Compliance Monitoring with the Amazon Web Services (AWS) Well-Architected Tool. This integration allows customers to ensure their workloads meet AWS architecture best practices. The AWS Well-Architected Tool helps review workloads, and Datadog’s Compliance Monitoring enhances this by enabling tracking of compliance against best practices. This new feature is currently in beta and aims to assist DevOps and security teams in identifying misconfigurations, thereby improving the security posture of cloud environments.

Datadog (NASDAQ: DDOG) has launched the Datadog Vulnerability Analysis GitHub Action, marking its debut on the GitHub Marketplace. This tool automates vulnerability scanning for code in production, integrating with Snyk's vulnerability database and Datadog’s Continuous Profiler. It allows engineers to detect vulnerable code and prioritize fixes based on real-time usage data. Key executives from Datadog and GitHub emphasized the importance of incorporating security into the development process to enhance operational efficiency.

Datadog (NASDAQ:DDOG) will participate in several upcoming investor conferences, presenting its monitoring and security solutions for cloud applications. The company’s management is scheduled to present at:

• The RBC Global Technology, Internet, Media and Telecommunications Virtual Conference on November 17, 2020, at 10:40 a.m. ET.
• The Wells Fargo TMT Virtual Summit on December 1, 2020, at 8:40 a.m. ET.
• The Credit Suisse Technology Virtual Conference on December 2, 2020, at 2:00 p.m. ET.
• The Morgan Stanley Future of Application Development Virtual Conference on December 9, 2020, at 2:15 p.m. ET.
• The Barclays Global Technology, Media & Telecom Virtual Conference on December 10, 2020, at 11:30 a.m. ET.

The presentations will be available via live webcast and can be replayed later on the company’s investor relations website.

Datadog reported a remarkable 61% year-over-year revenue growth for Q3 2020, amounting to $154.7 million. The company achieved 1,107 customers with $100k+ ARR, up from 727 a year prior. It introduced 8 new products at its annual Dash conference and announced strategic partnerships with Microsoft and Google Cloud. The company's operational cash flow was $36.3 million, with $1.5 billion in cash and equivalents. For Q4 2020, Datadog expects revenue between $162 million and $164 million.

Datadog, Inc. (NASDAQ:DDOG) will report its third quarter fiscal year 2020 financial results after market close on November 10, 2020. A conference call to discuss the results and guidance will occur on the same day at 5:00 p.m. ET. Investors can access the call by dialing 844-873-9663 (domestic) or 602-563-8494 (international), using conference ID 2275529. A replay will be available until November 17, 2020. Datadog provides a SaaS monitoring and security platform, enabling organizations to manage their cloud applications effectively.

Datadog (NASDAQ: DDOG) has launched Deployment Tracking, a new feature in its APM platform, aimed at helping engineering teams monitor code deployments and associated performance issues. This tool is timely, as organizations increasingly adopt agile CI/CD practices, which while efficient, can lead to visibility gaps. Deployment Tracking enables visibility into key metrics like error rates and performance, allowing for quicker troubleshooting. The feature is available across all supported languages and environments, enhancing Datadog's existing APM capabilities and aiding in effective code deployment management.

Datadog (NASDAQ: DDOG) has announced a strategic partnership with Microsoft Azure, integrating Datadog into the Azure console as a first-class service. This collaboration simplifies the implementation of Datadog for Azure customers, improving the onboarding experience for monitoring cloud workloads. Customers can now purchase Datadog plans via the Azure Marketplace, allowing for budget alignment and enhancing sales collaboration. The integration facilitates streamlined monitoring processes, positioning Datadog as a premier solution for Azure workloads.

Datadog reported a 68% year-over-year revenue increase to $140 million for Q2 2020, bolstered by a 71% rise in customers with $100k+ ARR, reaching 1,015. Achieving FedRAMP authorization enhances its appeal to U.S. federal agencies. The acquisition of Undefined Labs allows for earlier integration in software development, improving tracking in CI/CD workflows. The company forecasted Q3 revenue of $143-$145 million and an annual revenue of $566-$572 million.