Welcome to our dedicated page for Datadog news (Ticker: DDOG), a resource for investors and traders seeking the latest updates and insights on Datadog stock.
Datadog, Inc. (NASDAQ: DDOG) regularly issues news as an observability and security platform for cloud applications. Company announcements describe how its SaaS platform integrates infrastructure monitoring, application performance monitoring, log management, user experience monitoring, cloud security and other capabilities to provide unified, real-time visibility into modern technology stacks. News items often highlight how organizations of different sizes and industries use Datadog to support digital transformation, cloud migration, collaboration across teams, faster application delivery and reduced time to resolve problems.
Recent Datadog news has focused on new products and capabilities, particularly around AI, observability and security. Examples include the launch of Bits AI SRE, an AI agent that investigates alerts and surfaces likely root causes, and Storage Management, which provides granular visibility into cloud object storage usage and optimization opportunities. The company also announces expanded integrations and collaborations with major cloud providers, such as new integrations for Oracle Cloud Infrastructure and an expanded strategic collaboration agreement with Amazon Web Services, including many integrations for monitoring AWS environments.
Investors and technology professionals following DDOG news can expect updates on product launches, AI capabilities, cloud and security features, integrations with cloud platforms, digital experience monitoring enhancements and participation in industry and investor conferences. This news stream provides insight into how Datadog positions its observability and security platform for cloud applications, how it supports AI and cloud workloads, and how it communicates its strategy and platform developments to customers, partners and the financial community.
Datadog launched Data Jobs Monitoring to help data teams and engineers detect job failures and latency spikes in their data pipelines, focusing on Spark and Databricks jobs. This new product offers real-time alerts, detailed trace views, and resource optimization to enhance job reliability and reduce costs. Users can immediately identify and resolve problematic jobs, improving overall data quality and operational efficiency.
According to Matt Camilli from Rhythm Energy, the tool has enabled a 20% faster resolution of Databricks job failures. Michael Whetten, VP of Product at Datadog, emphasized the importance of visibility into expensive jobs to optimize pipelines and prioritize cost savings. Data Jobs Monitoring is now available for general use.
Datadog (NASDAQ: DDOG) has announced the general availability of App Builder, a low-code development tool designed to enhance the capabilities of DevSecOps teams. App Builder allows the creation of custom, secure, and scalable applications that can be integrated directly into monitoring stacks, facilitating faster issue remediation and improved incident response. The tool provides UI components, blueprints, and data integrations to streamline app development, reducing build time from weeks to hours. Users can leverage over 550 actions for key tools and platforms including GitHub, PagerDuty, and AWS, to take immediate actions such as blocking malicious IPs or re-running deployments. Companies like PayByPhone and NationBuilder are already utilizing App Builder to enhance their operations and incident management.
Datadog's State of Cloud Costs 2024 report reveals a 40% increase in spending on GPU instances as organizations explore AI and large language models (LLMs). GPUs, over 200% faster than CPUs, are critical for these AI workloads. Despite increased spending on cloud compute, 83% of container costs are wasted due to idle resources. Moreover, 83% of organizations still use outdated technologies, spending 17% of their EC2 budgets on them. Only 67% are utilizing cloud service discounts, down from 72% last year. Conversely, green technology adoption is up, with Arm-based instances now accounting for 18% of EC2 budgets, offering better performance and lower energy consumption.
Datadog, a leading monitoring and security platform for cloud applications, will be presenting at various upcoming investor conferences. The presentations are scheduled for May and June 2024 and will be webcast live with replays available.
Datadog, Inc. announced its first quarter 2024 financial results, showing a 27% year-over-year revenue growth to $611 million. The company reported strong growth in larger customers, with about 3,340 $100k+ ARR customers, up from about 2,910 a year ago. Datadog also announced the general availability of Bits AI for Incident Management, Event Management, Error Tracking for Logs, and Mobile App Testing. The company's GAAP operating income was $12 million with a 2% margin, while non-GAAP operating income was $164 million with a 27% margin. Datadog's first quarter ended with cash, cash equivalents, and marketable securities of $2.8 billion. The company shared second quarter and full-year 2024 outlooks, with revenue projections and non-GAAP net income per share estimates.
Datadog, Inc. (NASDAQ: DDOG) has launched IT Event Management to enhance its AIOps capabilities, reducing alert fatigue and helping teams remediate issues using AI-powered event correlation. The new capabilities consolidate, correlate, and enrich alert events and signals from Datadog and third-party observability tools, providing a unified view. This helps teams prioritize issues, identify service owners, and discover root causes efficiently, ultimately improving service availability in complex IT environments.
FAQ
What is the current stock price of Datadog (DDOG)?
What is the market cap of Datadog (DDOG)?
