But despite this, the firm has looked to lower expectations by downgrading its fiscal year 2020 revenue estimates. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.41% per year. Datadog views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Competitors of Datadog include Observe, K2 and Google. So, the shares are expected to perform in line with the market in the near future. FY 2020 EPS estimate of $0.11 – $0.13 versus consensus estimate of $0.05 and the company’s prior guidance from Q1 of $0.02 – $0.06. Weighted average shares used in calculating basic and diluted, Accounts receivable, net of allowance for credit losses of, Prepaid expenses and other current assets, Accrued expenses and other current liabilities, TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY. Changes in operating assets and liabilities: Net cash provided by operating activities, Proceeds from sale of marketable securities, Cash paid for acquisition of businesses; net of cash acquired, Proceeds from initial public offering, net of underwriting discounts and commissions and other offering costs, Proceeds for issuance of common stock under the employee stock purchase plan, Employee payroll taxes paid related to net share settlement under the employee stock purchase plan, Proceeds from issuance of convertible senior notes, net of issuance costs, Purchase of capped call related to convertible senior notes, Net cash provided by financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND, CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period, CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period, RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED, Restricted cash – Including amounts in prepaid expense and other current assets and other assets, Total cash, cash equivalents and restricted cash, Plus: Amortization of acquired intangibles, Plus: Employer payroll taxes on employee stock transactions, Plus: Non-cash benefit related to tax adjustment, Less: Employer payroll taxes on employee stock transactions, Less: Non-cash benefit related to tax adjustment, Plus: Amortization of debt discount and issuance costs, Less: Purchases of property and equipment, Less: Capitalized software development costs, Cash, cash equivalents, restricted cash, and marketable securities were. Gross payment volume of $31.7B was 6% … You can find the logo assets on our press page. Analysts: Sanjit Singh — Morgan Stanley — Analyst. Datadog, Inc. sees FY2020 EPS of $0.17-$0.18, versus the consensus of $0.12. Current and historical gross margin, operating margin and net profit margin for Datadog (DDOG) over the last 10 years. The stock is up 3% in after hours trading. In May 2020, Datadog issued $747.5M of convertible senior notes due 2025, which bears interest at an annual fixed rate of 0.125%. Datadog recorded a contingent payroll tax liability in conjunction with a common stock repurchase transaction in 2016. Where are Datadog offices? Datadog, Inc. has a market cap of $31.95 Billion and is expected to release its quarterly earnings report on Feb 11, 2021- Feb 15, 2021. Datadog — The cloud company tanked more than 10% despite beating on the top and bottom lines of its quarterly results. Do the numbers hold clues to what lies ahead for the stock? Datadog (NASDAQ: DDOG) announced strong Q3 results and an upside outlook that cleared analyst expectations. Datadog (Nasdaq: DDOG) the cloud monitoring and analytics platform reported solid Q1 2020 that were ahead of analyst estimates. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. DA Davidson currently has a “Neutral” rating and a $80.00 price […] Zacks Equity Research These returns cover a period from January 1, 1988 through October 5, 2020. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Datadog headquarters is located at New York Times Bldg, 620 8th Ave 45th Floor, New York. Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Achieved AWS Outposts Ready designation, part of the. Brain Power (IP) Company Profile & Annual Report for Datadog Access the complete profile. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. “We are pleased with our strong results for the third quarter, which demonstrated continued high growth at scale.” said Olivier Pomel, co-founder and CEO of Datadog. Datadog Revenue Q2, 2020. The Gartner Peer Insights Customers' Choice distinction is based on feedback and ratings from end-user professionals who have experience purchasing, implementing and using Datadog’s products. Cost of Revenue is expected to dwindle to about 77.5 M.During the period from 2010 to 2020 Datadog Inc Cost of Revenue anual values regression line had geometric mean of 31,371,260 and significance of 0.008247. Datadog Inc - Class A quote is equal to 98.980 USD at 2020-12-13. Figures show that Datadog, Inc. shares have underperformed across the wider relevant industry. Run mission-critical applications in serverless without sacrificing visibility. Based on information as of today, August 6, 2020, Datadog is providing the following guidance for the third quarter and full year 2020: Third Quarter 2020 Outlook: Revenue … Looking ahead, Datadog expects first-quarter revenue to rise by roughly 69% year over year, landing near $118 million. YOY — Funding $0.0. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Q1 2020 Revenue was $131M, up 87% year/year. Datadog, Inc. - Get Report posted better-than-expected earnings Tuesday after the bell, citing the ongoing shift of IT services to the cloud for driving its results. Announced the extension of a strategic partnership with, Achieved “In Process” status on the Federal Risk and, Delivered additional product innovations and integrations, including Tracing without Limits. The monthly returns are then compounded to arrive at the annual return. KeyBanc Capital Markets have made an estimate for Datadog Inc. shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on November 24, 2020. These forward-looking statements are based on Datadog’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause Datadog’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. * Non-GAAP operating income between $48.5 and $50.5 million. Datadog (DDOG) stock stays down as Q3 revenue deceleration raises valuation concerns, prompting downgrade Nov. 11, 2020 7:53 AM ET Datadog, Inc. (DDOG) By: Brandy Betz , … Announced 8 new products and features at our annual user conference Dash, which was attended by over 7,000 people in what was our first all-virtual event. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, 3 Tech Stocks to Buy for 2021 Not Named Apple or Amazon, Markets Break to Upside on Congressional Relief Promise, Why the Agriculture Equipment Market Is Looking Up. Based on information as of today, August 6, 2020, Datadog is providing the following guidance for the third quarter and full year 2020: Third Quarter 2020 Outlook: … The risks and uncertainties referred to above include, but are not limited to (1) our recent rapid growth may not be indicative of our future growth; (2) our history of operating losses; (3) our limited operating history; (4) our business depends on our existing customers purchasing additional subscriptions and products from us and renewing their subscriptions; (5) our ability to attract new customers; (6) our ability to effectively develop and expand our sales and marketing capabilities; (7) risk of a security breach; (8) risk of interruptions or performance problems associated with our products and platform capabilities; (9) our ability to adapt and respond to rapidly changing technology or customer needs; (10) the competitive markets in which we participate; (11) risks associated with successfully manage our growth; (12) general market, political, economic, and business conditions; and (13) the impact that the recent COVID-19 pandemic and any related economic downturn could have on our or our customers’ businesses, financial condition and results of operations. This quarterly report represents an earnings surprise of 400%. Privacy Policy | No cost, no obligation to buy anything ever. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. David Obstler — Chief Financial Officer. Revenue: $100 - $500 million See Exact Annual Revenue: Employees: 500 - 1,000 Exact Company Size: Primary Industry: 51821 Data Centers & Hosting Services: Additional NAICS Codes: 54151 : Address: 620 8th Avenue, … Revenue came in at $131.2 million, which beat analyst estimates of $117.8 million (+11% vs consensus). Datadog Fast Facts. Is Jumia (JMIA) the Next Amazon Stock to Buy. This press release and the earnings call referencing this press release contain “forward-looking” statements, as that term is defined under the federal securities laws, including but not limited to statements regarding the impact of the COVID-19 pandemic on digital transformation and cloud migration trends and the ability of Datadog to benefit from these trends, Datadog’s strategy, partnerships, investments and long-term opportunity, and Datadog’s future financial performance, including its outlook for the fourth quarter and full year 2020. Amortization of debt discount and issuance costs. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. DA Davidson analyst A. Nowinski expects that the company will earn ($0.02) per share for the quarter. 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