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Datadog (DDOG) Gains As Market Dips: What You Should Know
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Datadog (DDOG - Free Report) ended the recent trading session at $251.49, demonstrating a +1.62% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.68%, and the technology-centric Nasdaq decreased by 1.13%.
The stock of data analytics and cloud monitoring company has risen by 10.98% in the past month, leading the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
The investment community will be closely monitoring the performance of Datadog in its forthcoming earnings report. The company's upcoming EPS is projected at $0.64, signifying a 16.36% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.14 billion, indicating a 28.88% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.52 per share and a revenue of $4.46 billion, demonstrating changes of +22.93% and +30.23%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Datadog. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.22% decrease. Right now, Datadog possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Datadog is presently being traded at a Forward P/E ratio of 98.04. This represents a premium compared to its industry average Forward P/E of 20.16.
It's also important to note that DDOG currently trades at a PEG ratio of 6.72. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.14 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 82, placing it within the top 34% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Datadog (DDOG) Gains As Market Dips: What You Should Know
Datadog (DDOG - Free Report) ended the recent trading session at $251.49, demonstrating a +1.62% change from the preceding day's closing price. This move outpaced the S&P 500's daily loss of 0.76%. On the other hand, the Dow registered a loss of 0.68%, and the technology-centric Nasdaq decreased by 1.13%.
The stock of data analytics and cloud monitoring company has risen by 10.98% in the past month, leading the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
The investment community will be closely monitoring the performance of Datadog in its forthcoming earnings report. The company's upcoming EPS is projected at $0.64, signifying a 16.36% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.14 billion, indicating a 28.88% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.52 per share and a revenue of $4.46 billion, demonstrating changes of +22.93% and +30.23%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Datadog. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.22% decrease. Right now, Datadog possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Datadog is presently being traded at a Forward P/E ratio of 98.04. This represents a premium compared to its industry average Forward P/E of 20.16.
It's also important to note that DDOG currently trades at a PEG ratio of 6.72. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.14 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 82, placing it within the top 34% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.