Recommendation: Strong Buy with Leg Room to Be $156.
- Strong Financial Outlook for Q2 & Q3.
- Average Recurring Revenue of Existing Customers Growing.
- Continually iterates on building intuitive products for Application Performance Management.
- Solves a growing problem in organizations, and is one of the few providers that offers a complete solution.
- Strong Bullish Sentiment
- Barclay assigned Datadog as a Strong Buy
- Rating of 8/10 on Market Beats
Datadog Inc is a software as a service company that offers a consolidated platform that facilitates Application Performance Management (APM) for an enterprise.
- Minimize downtime of Technology (Maintenance, Product Releases, Crisis Response)
- Identify Performance Issues on a Holistic & Granular Level for Your Organization.
Second Quarter As of June 30, 2021:
- 1,610 customers with an ARR of $100,000 or more, an increase of 59% from 1,015 as of June 30, 2020.
News on Product Developments/Offerings
The 3 news threads below are new enhancements being made to Datadog platform improve monitoring and visibility of technology infrastructure.
- Announced the launch of the Datadog Cloud Security Platform, adding full-stack security context to Datadog's deep observability capabilities. Enables organizations to use a single platform to correlate security insights with monitoring data across infrastructure, network, and application tiers, providing Security teams with the visibility they need.
- Cloud Security Posture Management (CSPM) makes it easy to track whether production environments comply with industry standards.
- Cloud Workload Security (CWS) detects threats to production workloads by monitoring file and process activity across environments to help catch host and infrastructure-based attacks.
Why Data Dog is a Clear Winner in APM Offering
- Datadog knows that the key to debugging any technology issue is finding it first (and quickly).
- To find problems, companies need full visibility on their technology infrastructure, day-to-day operations, and products.
- Datadog offers an APM management platform that provides application & code level tracing for your entire technology solution (Front to Back).
- There's server, application, and code-level tracing that can be monitored on the Datadog APM dashboard, which makes finding a problem significantly easier.
- Solutions, according to reviews, are intuitive to understand and easy to pickup. This makes the value prop to adopt Datadog much easier (Average Recurring Revenue going up means more adoption within enterprises).
- Customers (CTO, System Administrators, DevOps Engineers) love Datadog's easy to use Dashboard for APM. Check out reviews on this (221 review, average satisfaction of 4/5 stars).