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Market Overview

Datadog Shares Slide As Q1 Guidance Falls Short, Discloses Two Acquisitions

  • Datadog, Inc. (NASDAQ: DDOGacquired Vector developer Timber Technologies to collect and transform data logs in on-premises and cloud environments. It also inked an agreement to acquire SaaS-based security platform Sqreen to detect, block, and counter application-level attacks. The financial terms of both the acquisitions remain undisclosed.
  • Datadog reported year-on-year revenue growth of 56% to $177.5 million in the fourth quarter of FY20, above the analyst estimate of $163.58 million.
  • Bigger customers posted a robust growth with 97 $1 million+ ARR customers.
  • The operating income stood at $18.1 million with a margin expansion of 300 basis points at 10%.
  • EPS amounted to $0.06, above the consensus estimate of $0.02.
  • The operating cash flow was $23.8 million, and the cash and equivalents balance stood at $1.5 billion.
  • Revenue outlook stood between $185 million and $187 million for the first quarter of FY21, above the analyst estimate of $181.27 million.
  • The expected operating income range is between $8 million and $10 million.
  • Expected EPS lie between $0.02 and $0.03, below the analyst estimate of $0.04.
  • Price action: DDOG shares are down 5.61% at $111 in the pre-market session on the last check Friday.

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