Also acquired Sqreen for cloud growth, this may be why it's down as announces simultaneously to results.
I can see this hitting green by tomorrow but I wouldn't sell if it doesn't. Hold on for longer.
N
02:49 PM EST, 02/12/2021 (MT Newswires) -- Datadog's (DDOG) position as the leading observability platform for modern cloud environments supports a continued rapid expansion for the company, Morgan Stanley said in a note to clients Friday. There is an underpenetrated market estimated at over $30 billion brought about by powerful secular tailwinds in modern performance monitoring, which supports the firm's annual revenue forecast through 2023 to be more than 30%. The American monitoring service reported an adjusted profit of $0.06 per share for the fourth quarter, up from $0.03 per share in the same quarter last year. That was above the consensus estimate compiled by Capital IQ for $0.02 a share. Total revenue swelled to $177.5 million from $113.6 million, beating estimates for $163.6 million. While demand trends are looking better for the company, its guidance for 2021 does not confirm it, according to the analysts, who see Datadog's forecast as conservative. The company's 2021 revenue outlook sees 38% growth at the high end of guidance, compared with 66% growth in 2020. In contrast, the analysts believe the current trajectory of growth is around mid- to high 40% revenue growth. The firm maintained its equalweight rating on Datadog and gave it a base case price target of $120.
J
The insider sales are options being exercised and sold. It's really not surprising that they are doing it. However the size of some of the trades does make me take notice.
G
Whelp it’s gonna be one of the days where I don’t open my account
J
Here is a nice photo of little tim's girlfriend:
L
DDOG has been taking business away from competition. Watch for $150 soon.
T
Great earnings, conservative outlook (smart-easy beat), analyst upgrades. This will be a winner moving forward!!
A
Up from here?
L
20% of its market cap gone POOF disappeared 👻 since earnings! Is it $200 yet like you all said 1000x? Lol 😆
"DDOG positioned for rapid growth, likely to see over 30% annual revenue growth through 2023"
Target $120.
$92 would be ideal, but I don't think its gonna get there.
Especially if KevLarpig is still short.
Also acquired Sqreen for cloud growth, this may be why it's down as announces simultaneously to results.
I can see this hitting green by tomorrow but I wouldn't sell if it doesn't. Hold on for longer.
There is an underpenetrated market estimated at over $30 billion brought about by powerful secular tailwinds in modern performance monitoring, which supports the firm's annual revenue forecast through 2023 to be more than 30%.
The American monitoring service reported an adjusted profit of $0.06 per share for the fourth quarter, up from $0.03 per share in the same quarter last year. That was above the consensus estimate compiled by Capital IQ for $0.02 a share. Total revenue swelled to $177.5 million from $113.6 million, beating estimates for $163.6 million.
While demand trends are looking better for the company, its guidance for 2021 does not confirm it, according to the analysts, who see Datadog's forecast as conservative.
The company's 2021 revenue outlook sees 38% growth at the high end of guidance, compared with 66% growth in 2020. In contrast, the analysts believe the current trajectory of growth is around mid- to high 40% revenue growth.
The firm maintained its equalweight rating on Datadog and gave it a base case price target of $120.