“Due to the impacts of the uncertain geopolitical environment, usage of Fastly’s platform by its previously disclosed largest customer did not meet expectations, resulting in a corresponding significant reduction in revenue from this customer,” Fastly (FSLY) said in a press release, in an apparent reference to TikTok, a unit of the China-based unicorn ByteDance. Shares of monitoring and analytics platform specialist Datadog (NASDAQ:DDOG) jumped higher on Friday, rising about 10% as of 2 p.m. EDT. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The stock has gained 197% year-to-date. FXStreet will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The midpoint of this guidance range implies 50% year-over-year revenue growth. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. This will affect your money. That frothy valuation, which bakes in … Learn more. Real time Datadog (DDOG) stock price quote, stock graph, news & analysis. Daniel Sparks is a senior technology specialist at The Motley Fool. The stock gained 214.6% in the past year alone, with an 80.8% year-over-year growth in revenue. Learn about financial terms, types of investments, trading strategies and more. Out of 14 Wall Street analysts that rated the stock, 9 rated it “Strong Buy.” Moreover, DDOG has an impressive earnings surprise history with the company beating consensus EPS estimates in each of the trailing four quarters. The partnership with Microsoft provides Datadog with a long-term competitive advantage over many other companies in the sector so we may not see DDOG back in the double digits for quite a while. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. Front-month WTI futures ae ticking down from session highs $40.90 after Baker Hughes reported the fifth consecutive increase in oil rigs. DDOG has the potential to soar in the upcoming months despite gaining 197% so far this year, based on its continued business growth, favorable earnings and revenue outlook, and strong financials. Lenschow says his industry channel checks point to an improving environment for information technology (IT) spending. Identify stocks that meet your criteria using seven unique stock screeners. US retail sales and consumer sentiment both beat estimates. GBP/USD is trading above 1.29, shrugging off PM Johnson's call to prepare for a no-trade-deal Brexit. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. (FSLY) shares have lost a quarter of their value on Thursday after the content delivery network and edge computing company warned that third quarter results would fall short of previous guidance, due in part to slowing traffic from TikTok, the company’s single largest customer. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Investors are dismissing stalled US stimulus talks and during eurozone COVID-19 cases. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 COVID-19 has illuminated the need to be digital-first and agile, as well as the cloud as the IT architecture of choice to achieve these outcomes.”. The move came on solid volume too with far more shares changing hands than in a … View which stocks are hot on social media with MarketBeat's trending stocks report. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts. Datadog's stock has generated impressive returns over the past year, but it's now valued at over 40 times next year's sales. With the companies relying heavily on sturdy tech infrastructure, DDOG is set on a growth path. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. Cumulative Growth of a $10,000 Investment in Stock Advisor, Why Datadog Stock Jumped on Friday @themotleyfool #stocks $DDOG $BCS, These 3 Stocks Are Absurdly Overvalued Right Now, Why Datadog Stock Jumped 22% in September. See what's happening in the market right now with MarketBeat's real-time news feed. Azure users will be able to purchase a Datadog package and receive metrics and analytics as soon as it is installed. The consensus revenue estimate of $144.31 million for the quarter that ended September 2020, indicates 50.5% growth from the same period last year. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. Find the latest news headlines from Datadog, Inc. Class A Common Stock (DDOG) at Nasdaq.com. Learn everything you need to know about successful options trading with this three-part video course. Get daily stock ideas top-performing Wall Street analysts. NASDAQ:DDOG has been a treat for investors so far as the data analytics company celebrated its first birthday on the public markets with a game-changing partnership with Microsoft’s (NASDAQ:MSFT) Azure Cloud platform. The move came on solid volume too with far more shares changing hands than … Please log in to your account or sign up in order to add this asset to your watchlist. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. To see all exchange delays and terms of use, please see disclaimer. Analyst Kingsley Crane started Datadog at hold alongside a price target of $103, which is slightly below Tuesday's closing price. Please read our privacy policy and legal disclaimer. © American Consumer News, LLC dba MarketBeat® 2010-2020. It also reflects the analyst's expectation for upbeat news from U.S. enterprise-facing software companies when they report their latest quarterly results during earnings season. Multiple daily strategies running 24/7 and FX expert guidance. With the world going digital, there has been an increased demand for improved technological advancements and the software business industry plays a key role in helping with the transformation. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Datadog has been a huge winner over the past year and remains a nice play for investors in the cloud-computing realm. Do Not Sell My Information. Shares of monitoring and analytics platform specialist Datadog (NASDAQ:DDOG) jumped higher on Friday, rising about 10% as of 2 p.m. EDT. Gold prices trade without a clear direction at the end of the week, although they manage well to keep business above/around the key $1,900 mark per ounce. Copyright © 2020. Year-to-date, DDOG has gained 208.36%, versus a 10.72% rise in the benchmark S&P 500 index during the same period. Let's conquer your financial goals together...faster. Chart of the Day- See Christian Tharp’s Stocks Ready to Breakout. Fundamental company data provided by Morningstar and Zacks Investment Research. He has previously served in the U.S. Army on active duty and holds an MBA from Colorado State University. Also fueling the stock's gain on Friday is probably the strong momentum in the overall market -- particularly among tech stocks. Follow him on Twitter to get links to his articles, quotes from books he reads, and a look at the sources that inspire him. The Software-Business industry is ranked #29 out of the 123 StockNews.com industries. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. View the latest Datadog Inc. Cl A (DDOG) stock price, news, historical charts, analyst ratings and financial information from WSJ. In addition, overall bullishness on the Street for tech stocks likely helped as well. When Datadog reported its second-quarter results in early August, management guided for third-quarter revenue to come in between $143 million and $145 million. 4 Coronavirus Stocks to Buy for the Second Wave, 3 "Strong Buy" Dividend ETFs Yielding Over 5%. The use of this website constitutes acceptance of our user agreement. What Went Wrong With J.B. Hunt Transportation Services (NASDAQ:JBHT)? Moreover, DDOG has gained 203.7% over the past six months, reflecting solid short-term bullishness. Barclays analyst Raimo Lenschow, who has an overweight rating (similar to a buy rating) on the growth stock, increased his 12-month price target for Datadog shares from $107 to $126. The agreement with Microsoft will see Datadog provide its cloud-monitoring solutions to Azure customers as a part of the cloud platform plan. Get short term trading ideas from the MarketBeat Idea Engine. Other popular stocks in the software-business group are Salesforce.com Inc (CRM), ServiceNow, Inc. (NOW), and Autodesk, Inc. (ADSK). To see all exchange delays and terms of use please see disclaimer. There is no discount anymore though as investors are now looking at buying shares at the company’s all-time high and patient investors may wish to wait for a pullback. The high degree of leverage can work against you as well as for you. This updated price target represents about 12% upside from where the stock is trading at the time of this writing. All rights reserved. It has an average broker rating of 1.5, indicating a favorable analyst sentiment. Since she was young, Manisha has had a strong interest in the stock market. Export data to Excel for your own analysis. GBP/USD rises above 1.29 as Brexit talks set to continue, XAU/USD looks directionless around $1,900/oz, Bitcoin plunges to $11,200, losing $300 in minutes, WTI oil ticks down from session highs at $40.90 after Baker Hughes data. Here is how our proprietary POWR Ratings system evaluates DDOG: DDOG is currently trading above its 50-day and 200-day moving averages of $90.81 and $75.08, respectively, indicating an uptrend. Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com! Start Your Risk-Free Trial Subscription Here, 3 Big Earnings Reports to Watch in the Coming Weeks, Where Next For Shares of Zoom Video (NASDAQ: ZM), 3 Stocks to Buy with Recent Dividend Increases, 3 Beaten Down Stocks On The Cusp Of A Major Reversal, V.F. "COVID-19 has illuminated the need to be digital-first and agile, as well as the cloud as the IT architecture of choice to achieve these outcomes," said Datadog CEO Olivier Pomel in the company's second-quarter earnings release.
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