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Datadog (DDOG) Increases Despite Market Slip: Here's What You Need to Know
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Datadog (DDOG - Free Report) ended the recent trading session at $273.85, demonstrating a +1.97% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
Shares of the data analytics and cloud monitoring company have appreciated by 19.98% over the course of the past month, outperforming the Computer and Technology sector's gain of 4%, and the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Datadog in its upcoming earnings disclosure. On that day, Datadog is projected to report earnings of $0.64 per share, which would represent year-over-year growth of 16.36%. At the same time, our most recent consensus estimate is projecting a revenue of $1.14 billion, reflecting a 28.88% rise from the equivalent quarter last year.
DDOG's full-year Zacks Consensus Estimates are calling for earnings of $2.53 per share and revenue of $4.46 billion. These results would represent year-over-year changes of +23.41% and +30.23%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Datadog. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.48% higher. 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 106.34. This denotes a premium relative to the industry average Forward P/E of 18.78.
Also, we should mention that DDOG has a PEG ratio of 7.29. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.15.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 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.
To follow DDOG in the coming trading sessions, be sure to utilize Zacks.com.
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Datadog (DDOG) Increases Despite Market Slip: Here's What You Need to Know
Datadog (DDOG - Free Report) ended the recent trading session at $273.85, demonstrating a +1.97% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.25%. On the other hand, the Dow registered a loss of 0.86%, and the technology-centric Nasdaq increased by 0.24%.
Shares of the data analytics and cloud monitoring company have appreciated by 19.98% over the course of the past month, outperforming the Computer and Technology sector's gain of 4%, and the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of Datadog in its upcoming earnings disclosure. On that day, Datadog is projected to report earnings of $0.64 per share, which would represent year-over-year growth of 16.36%. At the same time, our most recent consensus estimate is projecting a revenue of $1.14 billion, reflecting a 28.88% rise from the equivalent quarter last year.
DDOG's full-year Zacks Consensus Estimates are calling for earnings of $2.53 per share and revenue of $4.46 billion. These results would represent year-over-year changes of +23.41% and +30.23%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Datadog. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.48% higher. 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 106.34. This denotes a premium relative to the industry average Forward P/E of 18.78.
Also, we should mention that DDOG has a PEG ratio of 7.29. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 1.15.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 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.
To follow DDOG in the coming trading sessions, be sure to utilize Zacks.com.