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Datadog (DDOG) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, Datadog (DDOG - Free Report) closed at $114.48, marking a -7.9% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.67%. Elsewhere, the Dow lost 1.73%, while the tech-heavy Nasdaq lost 2.15%.
The data analytics and cloud monitoring company's shares have seen an increase of 6.73% over the last month, surpassing the Computer and Technology sector's loss of 7.41% and the S&P 500's loss of 6.15%.
The upcoming earnings release of Datadog will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.5, reflecting a 8.7% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $956.97 million, indicating a 25.66% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.12 per share and a revenue of $4.08 billion, indicating changes of +3.41% and +19.17%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Datadog. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Datadog currently has a Zacks Rank of #3 (Hold).
Investors should also note Datadog's current valuation metrics, including its Forward P/E ratio of 58.55. This valuation marks a premium compared to its industry average Forward P/E of 18.62.
We can additionally observe that DDOG currently boasts a PEG ratio of 5.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DDOG's industry had an average PEG ratio of 1.07 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 156, placing it within the bottom 37% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Datadog (DDOG) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Datadog (DDOG - Free Report) closed at $114.48, marking a -7.9% move from the previous day. The stock's change was less than the S&P 500's daily loss of 1.67%. Elsewhere, the Dow lost 1.73%, while the tech-heavy Nasdaq lost 2.15%.
The data analytics and cloud monitoring company's shares have seen an increase of 6.73% over the last month, surpassing the Computer and Technology sector's loss of 7.41% and the S&P 500's loss of 6.15%.
The upcoming earnings release of Datadog will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.5, reflecting a 8.7% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $956.97 million, indicating a 25.66% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.12 per share and a revenue of $4.08 billion, indicating changes of +3.41% and +19.17%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Datadog. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Datadog currently has a Zacks Rank of #3 (Hold).
Investors should also note Datadog's current valuation metrics, including its Forward P/E ratio of 58.55. This valuation marks a premium compared to its industry average Forward P/E of 18.62.
We can additionally observe that DDOG currently boasts a PEG ratio of 5.07. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DDOG's industry had an average PEG ratio of 1.07 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 156, placing it within the bottom 37% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.