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Datadog (DDOG) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Datadog (DDOG - Free Report) closed at $108.03, marking a -0.32% move from the previous day. This change lagged the S&P 500's 0.36% gain on the day. At the same time, the Dow added 0.23%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the data analytics and cloud monitoring company had gained 0.3% in the past month. In that same time, the Computer and Technology sector lost 6.98%, while the S&P 500 lost 6.59%.
Wall Street will be looking for positivity from Datadog as it approaches its next earnings report date. In that report, analysts expect Datadog to post earnings of $0.15 per share. This would mark year-over-year growth of 66.67%. Meanwhile, our latest consensus estimate is calling for revenue of $378.37 million, up 62.01% from the prior-year quarter.
DDOG's full-year Zacks Consensus Estimates are calling for earnings of $0.72 per share and revenue of $1.61 billion. These results would represent year-over-year changes of +50% and +56.8%, respectively.
Any recent changes to analyst estimates for Datadog should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Datadog is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Datadog has a Forward P/E ratio of 150.01 right now. This represents a premium compared to its industry's average Forward P/E of 45.23.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Datadog (DDOG) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Datadog (DDOG - Free Report) closed at $108.03, marking a -0.32% move from the previous day. This change lagged the S&P 500's 0.36% gain on the day. At the same time, the Dow added 0.23%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the data analytics and cloud monitoring company had gained 0.3% in the past month. In that same time, the Computer and Technology sector lost 6.98%, while the S&P 500 lost 6.59%.
Wall Street will be looking for positivity from Datadog as it approaches its next earnings report date. In that report, analysts expect Datadog to post earnings of $0.15 per share. This would mark year-over-year growth of 66.67%. Meanwhile, our latest consensus estimate is calling for revenue of $378.37 million, up 62.01% from the prior-year quarter.
DDOG's full-year Zacks Consensus Estimates are calling for earnings of $0.72 per share and revenue of $1.61 billion. These results would represent year-over-year changes of +50% and +56.8%, respectively.
Any recent changes to analyst estimates for Datadog should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Datadog is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Datadog has a Forward P/E ratio of 150.01 right now. This represents a premium compared to its industry's average Forward P/E of 45.23.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.