Datadog (NASDAQ:DDOG) Stock, Quote.Headers.trade-ideas

Datadog

Datadog is a cloud-native company that focuses on analyzing machine data. The firm's product portfolio, delivered via software as a service, allows a client to monitor and analyze its entire IT infrastructure. Datadog's platform can ingest and analyze large amounts of machine-generated data in real time, allowing clients to utilize it for a variety of applications throughout their businesses.

Impennata delle azioni Starbucks: ecco cosa è successo

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DDOG

Jim Cramer praises KKR &amp; Co. Inc., Datadog, and NextEra Energy Partners but expresses caution. Datadog reports strong Q2 results.

Jim Cramer Says Datadog Is A &#39;Hugely Fabulous Company&#39;, But He Doesn&#39;t &#39;Trust It Yet&#39;

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NVDA

Tech stocks rebound on jobless claims, easing recession fears. Nasdaq 100 surges 2.4%, Nasdaq chipmakers up 4.3%. Analysts skeptical of recession, predict 50-basis-point cut in Sept.

Tech Stocks Rally After 5-Day Slump As Recession Panic Eases: Nasdaq 100 Movers To Watch Thursday

Earnings

Guidance

Datadog reported strong quarterly results, exceeding revenue and EPS estimates. It also expects continued growth in the future.

Datadog Revenue Jumps 27% In Q2, Margins And EPS Exceed Expectations

Datadog Inc

Under the agreement, Microsoft will purchase energy from the renewed plant as part of its goal to help match the power its data centers in PJM use with carbon-free energy.
Constellation signs its largest-ever power purchase agreement with Microsoft, a deal that will restore TMI Unit 1 to service and keep it online for decades; add approximately 835 megawatts of carbon-free energy to the grid; create 3,400 direct and indirect jobs and deliver more than&nbsp;$3 billion&nbsp;in state and federal taxes

Constellation Signs 20-year Power Purchase Agreement With Microsoft That Will Pave The Way For Launch Of Crane Clean Energy Center And Restart Of Three Mile Island Unit 1

Baird analyst Robert Mason initiates coverage on Advanced Energy Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEIS#NASDAQ">AEIS</a>) with a Outperform rating and announces Price Target of $128.

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Initiation

Analyst Ratings

AEIS

Baird Initiates Coverage On Advanced Energy Indus with Outperform Rating, Announces Price Target of $128

JMP Securities analyst Aaron Hecht maintains American Healthcares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) with a Market Outperform and raises the price target from $18 to $30.

JMP Securities Maintains Market Outperform on American Healthcares, Raises Price Target to $30

VSTO

MNC Capital Says Committed To Re-engaging With Vista Outdoor; Says Not Withdrawing, And Does Not Intend To Reduce, Its $43 Per Share All-Cash Offer

Sable Offshore Entered Into Subscription Agreements To Issue 7.50M Shares Of Its Common Stock In A Private Placement To Institutional Investors; Company Expects To Receive Gross Proceeds Of Approximately $150M

This firm-fixed price contract is worth up to&nbsp;$99.80 million&nbsp;over five years and simplifies and expedites the ability for services to access the existing capabilities within Maven Smart System. Maven Smart System is part of the National Geospatial-Intelligence Agency&#39;s Maven AI infrastructure.

Contracts

PLTR

Palantir Says Awarded Contract  By DEVCOM Army Research Laboratory Expanding Maven Smart System Access Across Military Services; Firm-fixed Price Contract Is Worth Up To $99.80M

Wedbush analyst Nick Setyan maintains Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) with a Outperform and raises the price target from $170 to $200.

Wedbush Maintains Outperform on Darden Restaurants, Raises Price Target to $200

Nutriband abuse-deterrent transdermal technology consists of a proprietary aversive agent coating that employs taste aversion to deter the oral abuse of and accidental exposure to transdermal opioid and stimulant patch products

NTRB

Nutriband Signs Trademark Licensing Agreement For Bitrex Brand Denatonium Benzoate, As An Aversive Agent For Its Aversa Fentanyl Abuse Deterrent Fentanyl Transdermal Patch

The appointment will support Wessex Water in delivering its planned &pound;3.7 billion investment between 2025-2030 in a wide range of improvements for its 2.9 million customers across the South West of England, including improved wastewater treatment, enhancing the environment and ensuring the availability of water.

AECOM Says It Has Been Awarded First Place On The Design Consultant Lot Of Wessex Water's New Capital Delivery Framework

Needham analyst Scott Berg reiterates Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Buy and maintains $345 price target.

Reiteration

Needham Reiterates Buy on Salesforce, Maintains $345 Price Target

Microsoft Corp.&nbsp;co-founder Bill Gates&#8216; ex-wife Melinda French Gates has openly criticized CEOs who <a href="https://www.benzinga.com/markets/emerging-markets/21/11/24163784/sleep-the-core-of-a-healthy-life-and-more-companies-are-promoting-it-for-their-employees">boast about not needing sleep</a>, calling the trend &#8220;so dumb.&#8221;
What Happened: French Gates dismissed the glorification of sleepless nights among executives, in an <a href="https://www.vanityfair.com/style/story/melinda-gates-interview-politics">interview</a> with Vanity Fair. She argued that this behavior is rooted in a misguided machismo and puritan work ethic that values overworking.
French Gates, who left the Bill and Melinda Gates Foundation this past spring, has since donated $1 billion to women&#8217;s rights and reproductive rights groups. She also criticized other billionaires, including Elon Musk, for their lack of philanthropic efforts.
She emphasized the importance of sleep, noting that many men who claim to sleep only three or four hours are not pleasant to be around. French Gates herself aims for seven to eight hours of sleep each night.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/40917216/elon-musk-says-warren-buffett-is-positioning-for-kamala-harris-win-with-his-277b-cash-pile-as-pr?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Says Warren Buffett Is Positioning For Kamala Harris Win With His $277B Cash Pile As Pro-Trumper John Paulson Warns Of Equity Market Exit</a>
Why It Matters: French Gates&#8217; comments come amid her broader push for <a href="https://www.benzinga.com/news/24/09/40826726/melinda-gates-reveals-substantial-donations-to-kamala-harris-tim-walz-campaign-says-her-billionaire">social change and philanthropy</a>. Recently, she revealed substantial donations to political campaigns, including those of Vice President and Democratic presidential nominee&nbsp;Kamala Harris&nbsp;and her running mate,&nbsp;Tim Walz&nbsp;(D-Minn.), emphasizing her commitment to women&#8217;s rights and reproductive health.
Since her divorce from Bill Gates, French Gates has <a href="https://www.benzinga.com/news/24/09/40852306/melinda-french-gates-embraces-independence-post-divorce-from-bill-gates-it-feels-quite-good">embraced her independence</a> and newfound professional autonomy. She feels validated in her contributions and has expressed a sense of empowerment in her philanthropic endeavors.
Her criticism of sleepless CEOs also aligns with her broader <a href="https://www.benzinga.com/news/24/08/40152510/bill-ackman-hits-back-at-melinda-gates-advocates-elon-musks-for-profit-solutions-over-philanthropy-g">critique of billionaire philanthropy</a>. French Gates has previously criticized Bill Ackman and Musk for their approaches to philanthropy, arguing that more traditional philanthropic efforts are necessary to address societal issues.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama-Era Economist Says She Is &#8216;Pleasantly Surprised&#8217; That JD Vance Thinks The &#8216;Economy Is Too Strong For The Rate Cut&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Entrepreneurship

Global

Bill Gates' Ex-Wife Melinda French Gates Slams Admiration For Sleepless CEOs As 'So Dumb'

On Thursday, September 19, U.S. markets closed higher following the Federal Reserve&#8217;s 50-basis-point rate cut, which also signaled potential further reductions.
Fed Chair Jerome Powell downplayed recession risks, while analysts remained hopeful for a soft landing amid inflation control efforts. Tesla, Apple, Meta, and Nvidia saw gains, supported by better-than-expected jobless claims and renewed market optimism.
According to economic data, the U.S. reported a Q2 current account deficit of $266.8 billion, exceeding estimates of $260 billion. Initial jobless claims fell by 12,000 to 219,000 for the week ending September 14, beating expectations of 230,000.
Most S&amp;P 500 sectors closed positively, led by consumer discretionary, communication services, and information technology stocks. However, consumer staples and utilities stocks diverged, closing the session lower.
The Dow Jones Industrial Average was up 1.26% and closed at 42,025.19. The S&amp;P 500 ended the day higher by 1.70% at 5,713.64, and the Nasdaq Composite rose 2.51%, finishing the session at 18,013.98.
Asian Markets Today
<ul>
<li>On Friday, Japan&#8217;s Nikkei 225 closed the session higher by 1.67% at 37,739.50, led by gains in the Automobiles &amp; Parts, Power and Rubber sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 ended the day higher by 0.21% at 8,209.50, led by gains in the Consumer Discretionary, Gold, and IT sectors.</li>
<li>India&#8217;s Nifty 50 rose 1.58% to 25,816.85, while the Nifty 500 rose 1.55% to 24,223.10.</li>
<li>China&#8217;s Shanghai Composite closed higher by 0.03% at 2,736.81, and Shanghai Shenzhen CSI 300 was up 0.16%, ending the day at 3,201.05.</li>
<li>Hong Kong&#8217;s Hang Seng rose 1.36%, ending the day at 18,258.57.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index declined 0.91%.</li>
<li>Germany&#8217;s DAX was down 0.98%.</li>
<li>France&#8217;s CAC fell 0.89%.</li>
<li>U.K.&#8217;s FTSE 100 index traded lower by 0.74%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.82% at $70.58/bbl, and Brent was down 0.81% at $74.28/bbl.</li>
<li>Natural Gas was down 0.21% at $2.343.</li>
<li>Gold was trading higher by 0.74% at $2,633.50, Silver gained 0.32% to $31.523, and Copper rose 0.33% to $4.3615.</li>
</ul>
US Futures at 06:00 AM ET
Dow futures were down 0.01%, S&amp;P 500 futures fell 0.24%, and Nasdaq 100 Futures slid 0.39%.
Forex at 06:00 AM ET
<ul>
<li>The U.S. dollar index rose 0.16% to 100.78, the USD/JPY rose 0.88% to 143.88, and the USD/AUD gained 0.08% to 1.4688.</li>
<li>Global stocks neared record highs, fueled by the Fed&#8217;s rate cut, while the yen weakened after Japan&#8217;s central bank held rates. European stocks fell, and U.S. markets remained optimistic. Gold hit a record, and oil posted weekly gains.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Markets Advance, Europe Edges Lower And Gold Clocks New High At $2,630 – Global Markets Overview

California-based EV startup Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has added the &#8220;Tri Max&#8221; version of its R1S SUV, priced at about $100,000, to its online shop.
What Happened: &#8220;R1S Tri is here to elevate every adventure,&#8221; the company wrote in a post on social media platform X. The R1S Ascend Tri Max is a pricier version of the R1S SUV which starts at $105,900. The cheapest variant of the R1S SUV, in comparison, starts at $75,900.
Unlike the cheaper dual-motor variants of the vehicle, the Tri Max variant can touch 60 mph from rest in less than 3 seconds, thanks to the two motors in the rear and one in front. The vehicle can deliver 850 hp power and an estimated range of 371 miles. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">R1S Tri is here to elevate every adventure. Built for the wild and proves rugged doesn't have to mean roughing it. Get first access to Storm Blue exterior: <a href="https://t.co/KFLZhYaUdO">https://t.co/KFLZhYaUdO</a> <a href="https://t.co/fohksjV1E0">pic.twitter.com/fohksjV1E0</a>
&mdash; Rivian (@Rivian) <a href="https://twitter.com/Rivian/status/1836921265849811042?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Rivian is yet to add the Tri Max variant of its R1T truck to its inventory. The R1T Tri Max variant starts at $99,990, significantly higher priced than the cheapest variant which starts at just $69,900. 
Rivian currently <a href="https://www.benzinga.com/news/24/08/40574576/rivian-or-lucid-which-of-the-two-loss-making-ev-startups-is-solving-cash-burn">makes only the R1T and the R1S</a>. Its R2 SUV, priced at around $45,000, is slated to start production in the first half of 2026.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40934031/teamsters-opts-to-not-endorse-either-harris-or-trump-for-upcoming-presidential-elections-citing-fail" target="_blank" rel="noreferrer noopener">Teamsters Opts To Not Endorse Either Harris Or Trump For Upcoming Presidential Elections, Citing Failure To Secure Pledges Of Non-Interference In Union Campaigns</a></li>
</ul>
Photo courtesy: Shutterstock

RIVN

Rivian Introduces $100K Tri Max Variant Of R1S Electric SUV On Online Shop Which Can Go from 0-60 MPH In 3s

HC Wainwright &amp; Co. analyst Ed Arce reiterates Aligos Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGS#NASDAQ">ALGS</a>) with a Buy and maintains $75 price target.

ALGS

HC Wainwright & Co. Reiterates Buy on Aligos Therapeutics, Maintains $75 Price Target

North Korea&#8217;s recent missile tests, which coincide with joint military exercises by China and Russia, are seen as a clear message that the country is no longer interested in diplomatic talks with the United States, according to analysts.
What Happened: The recent missile tests are being interpreted as a display of North Korea&#8217;s determination to expand its nuclear and conventional arsenal, the South China Morning Post <a href="https://www.scmp.com/week-asia/politics/article/3279145/show-force-are-north-koreas-missile-tests-sign-it-has-given-diplomacy-us?module=top_story&amp;pgtype=homepage">reported</a> on Friday.
North Korea&#8217;s state-run Korean Central News Agency (KCNA) announced on Thursday that a new tactical ballistic missile, the Hwasongpho-11-Da-4.5, had been successfully test-fired. This missile is designed to carry a 4.5-tonne conventional warhead. The missile was tested on Wednesday, and North Korean leader Kim Jong-un personally oversaw the test.
In addition to the ballistic missile test, North Korea also conducted a test of a strategic cruise missile, which has been upgraded for enhanced combat use.
Defence expert Lee Il-woo from the Korea Defence Network called the missiles tests &#8220;Defence expert Lee Il-woo from the Korea Defence Network called the missiles tests a &#8221;&nbsp;show of force.&#8221;
Analysts in Seoul have expressed growing concern that both political parties competing for the presidency in the U.S. may shift away from the long-standing goal of denuclearizing Pyongyang. Instead, there is speculation they may settle for freezing its nuclear program and preventing further proliferation.&#8221;
"North Korea doesn't see any possibility for negotiations with the United States in the near future," said Lim Eul-chul, a senior researcher at the Institute of Far Eastern Studies.
Eul-chul added that North Korea has a clear position on building their nuclear arsenal and while the U.S&#8217;s return to the negotiation is ideal, it will not deter them from building a bigger arsenal.
See Also: <a href="https://www.benzinga.com/news/24/09/40950674/data-scientist-who-called-2020-election-correctly-says-its-gone-from-drastic-landslide-in-trumps-dir?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Data Scientist Who Called 2020 Election Correctly Says Its Gone From &#8216;Drastic Landslide In Trump&#8217;s Direction To A drastic landslide For Harris&#8217;</a>
Why It Matters: The recent missile tests by North Korea are seen as a significant indicator of the country&#8217;s shifting stance on negotiations with the US. This comes in the wake of <a href="https://www.benzinga.com/news/24/09/40894933/kim-jong-uns-north-korea-outranks-china-as-russias-top-ally-in-ukraine-conflict-says-military-intell">North Korea being ranked as Russia&#8217;s top ally</a> in the Ukraine conflict, potentially signaling a shift in the geopolitical landscape of the region.
Kim Jong Un&#8217;s recent visit to a uranium enrichment facility and his call for increased production of weapons-grade uranium for &#8220;self-defense&#8221; also suggest a hardening of North Korea&#8217;s stance. This, combined with the missile tests, indicates a clear shift in North Korea&#8217;s approach to negotiations with the US. The U.S. has stressed that it will not accept <a href="https://www.benzinga.com/24/08/40547291/kim-jong-un-oversees-successful-test-of-north-koreas-new-suicide-drones-as">North Korea as a nuclear-armed country</a>, but the recent developments suggest that North Korea is no longer interested in denuclearization.
Analysts have also raised concerns about the potential implications of <a href="https://www.benzinga.com/news/24/09/40894933/kim-jong-uns-north-korea-outranks-china-as-russias-top-ally-in-ukraine-conflict-says-military-intell">North Korea&#8217;s growing ties with Russia</a>, warning that this could embolden North Korea to engage in more provocative actions. The best response, according to U.S. Deputy Secretary of State Kurt Campbell, would be to strengthen trilateral security cooperation between the U.S., South Korea, and Japan.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40931458/obama-era-economist-says-she-is-pleasantly-surprised-that-jd-vance-thinks-the-economy-is-too-strong?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama-Era Economist Says She Is &#8216;Pleasantly Surprised&#8217; That JD Vance Thinks The &#8216;Economy Is Too Strong For The Rate Cut&#8217;</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Kim Jong Un's 'Show Of Force' With Missiles Indicates North Korea Is No Longer Interested In Negotiations With US, Say Analysts

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates Genmab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMAB#NASDAQ">GMAB</a>) with a Buy and maintains $50 price target.

GMAB

HC Wainwright & Co. Reiterates Buy on Genmab, Maintains $50 Price Target

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Cytokinetics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTK#NASDAQ">CYTK</a>) with a Buy and maintains $90 price target.

CYTK

HC Wainwright & Co. Reiterates Buy on Cytokinetics, Maintains $90 Price Target

Ahead of the busy holiday season and a Prime Day-like sale on Oct. 8-9, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has announced <a href="https://www.benzinga.com/news/24/09/40927136/amazon-boosts-worker-pay-to-over-29hour-invests-2-2b-as-holiday-kicks-in">new benefits for its warehouse workers</a>, starting next year.
What Happened: The new perk comes alongside a pay increase of at least $1.50 per hour for front-line employees. Prime membership, launched in 2005, now costs $14.99 per month or $139 annually and offers various benefits. The company <a href="https://fortune.com/2024/09/20/amazon-warehouse-workers-prime-membership/">told</a> Fortune that the free Prime membership is exclusively available to front-line workers.
Amazon&#8217;s Vice President of Worldwide Operations, Udit Madan, stated in a blog <a href="https://www.aboutamazon.com/news/workplace/amazon-wage-increase-new-benefits-for-hourly-us-employees">post</a> that front-line team members are crucial in delivering Prime&#8217;s benefits to customers. However, this perk is exclusive to warehouse workers; corporate employees must still pay for their own subscriptions.
Despite the wage increase, warehouse workers&#8217; pay remains significantly lower than that of corporate employees. According to ZipRecruiter, the average Amazon corporate employee earns $133,000 annually.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40932192/trump-pays-up-for-smash-burgers-and-diet-cokes-with-bitcoin-during-new-york-campaign-halt-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Pays Up For Smash Burgers And Diet Cokes With Bitcoin During New York Campaign Halt</a>
Why It Matters: The announcement comes at a time when Amazon is making several strategic moves. On Thursday, Amazon launched a <a href="https://www.benzinga.com/news/large-cap/24/09/40942266/amazon-launches-ai-assistant-codenamed-project-amelia">generative AI-powered personal assistant</a>, Project Amelia, aimed at helping U.S. sellers with personalized answers and updates.
Amazon ended its remote work policy, mandating a <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">return to full-time office work starting in January</a>. 
This decision has drawn attention and criticism, <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">particularly from former employees</a> like John McBride, who questioned if this move was a form of &#8220;silent sacking&#8221; to reduce headcount and boost margins. 
Additionally, Amazon announced on Wednesday that it would <a href="https://www.benzinga.com/news/24/09/40927136/amazon-boosts-worker-pay-to-over-29hour-invests-2-2b-as-holiday-kicks-in">boost worker pay to over $29 per hour</a>, marking an average increase of $3,000 annually for full-time employees. This $2.2 billion investment is part of the company&#8217;s efforts to improve worker compensation amid regulatory scrutiny and unionization efforts. 
Amazon&#8217;s <a href="https://www.benzinga.com/markets/equities/24/09/40912814/amazon-told-its-staff-they-must-come-to-office-five-days-a-week-but-its-primary-healthcare-subsi">return-to-office mandate also extends</a> to its One Medical subsidiary, which requires employees to come into the office three times a week starting in October. 
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40913080/shiba-inu-team-says-launching-k9-finance-liquid-staking-on-shibarium-tomorrow-are-shib-bur?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Team Says Launching K9 Finance Liquid Staking On Shibarium Tomorrow: Are SHIB Burns Set To Accelerate From Here On Now?</a></li>
</ul>
Photo courtesy: Unsplash
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Entertainment

General

AMZN

Amazon Extends Free Prime Membership To Warehouse Workers, But Corporate Staff Left Out Ahead Of Holiday Rush

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates Evaxion Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVAX#NASDAQ">EVAX</a>) with a Buy and maintains $14 price target.

EVAX

HC Wainwright & Co. Reiterates Buy on Evaxion Biotech, Maintains $14 Price Target

Nova Minerals has executed a variation agreement with its largest institutional shareholder and convertible note holder Nebari Gold Fund 1, LP (Nebari) to reduce the month end cash covenant required under the previously announced loan agreement dated 21 November 2022 from US$2m to A$1m, and with the option to extend the convertible facility for a further 12 months out to 29 November 2026. In addition to the recent US NASDAQ listing, the freeing up of this additional ~A$2m gives the Company the ability to accelerate the RPM early start up option to a Feasibility Study (FS) for delivery in 2025 by undertaking internal optimization studies aimed to investigate how it can potentially generate as much early cashflow as possible to organically fund the Company&#39;s expansion plans across the Estelle Project. It also gives the Company the ability to continue its advanced discussions with the US Dept. of Defense (DoD) in relation to potentially establishing a starter antimony operation at Stibium in parallel.

Nova Minerals Says It Has Executed Variation Agreement With Largest Institutional Shareholder And Convertible Note Holder Nebari Gold Fund 1 To Reduce The Month End Cash Covenant Required Under Previously Announced Loan Agreement Dated 21 November 2022

Datadog Inc (DDOG) Citi's 2024 Global TMT Conference (Transcript)

The above 8 Cloud Computing stocks went UP 4.1%, on average, in August and have an average market capitalization of $54B.

Our Cloud Computing SaaS Stocks Portfolio Went Up 4% In August

Datadog (DDOG) reported mixed financial results in the second quarter of 2024. While the cloud-based monitoring and analytics platform operator's long-term outlook appears bright with strategic investments and innovations, it faces mixed analysts' expectations and rigid competition. So, should you buy or hold this stock? Read more to find out... Datadog, Inc. (<a href="https://stocknews.com/stock/DDOG/">DDOG</a>) is an operator of an observability and security platform for cloud applications. It offers a wide range of products, including infrastructure and application performance monitoring, log management, digital experience monitoring, and database monitoring.
The company easily beat the analysts' estimates in the last reported quarter. It reported second-quarter revenue of $645.28 million, exceeding analysts' expectations of $625.10 million. Its EPS came in at $0.43, compared to the consensus estimate of $0.36.
During the second quarter, Datadog introduced various new products and capabilities like Datadog Kubernetes Autoscaling and Log Workspaces. The company continued its efforts of delivering innovations to cater to the customers and help them observe their environments, secure their infrastructures and workloads, and take necessary measures to remediate problems actively.
Olivier Pomel, co-founder and CEO of Datadog, commented, "Datadog executed well in the second quarter, with 27% year-over-year revenue growth, continued customer growth, and expanding multi-product adoption across our platform."
Datadog holds strong leadership in cloud monitoring and analytics in the cloud computing segment. The segment refers to the on-demand seamless access of computing resources consisting of servers, storage, databases, networking, software, analytics, and intelligence over the Internet.
However, DDOG competes with other leading cloud computing-centric companies driven by AI. These include Domo Inc. (<a href="https://stocknews.com/stock/DOMO/">DOMO</a>), Okta Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>), Olo Inc. (<a href="https://stocknews.com/stock/OLO/">OLO</a>), and Workday Inc. (<a href="https://stocknews.com/stock/WDAY/">WDAY</a>), which are set to deliver significant returns in the mid to long term. This can result in compromised profitability for DDOG as companies strive to leverage AI and enhance their capabilities and offerings
As per the company's third-quarter 2024 outlook, DDOG expects revenue between $660 million and $664 million. Its non-GAAP operating income is anticipated to be $146 million - $150 million, while non-GAAP net income per share is set to be $0.38 to $0.40.
For the full year 2024, Datadog's revenue is expected to range from $2.62 billion to $2.63 billion. The company's non-GAAP operating income is expected to be between $620 million and $630 million. And non-GAAP net income per share is projected to be $1.62 - $1.66.
Shares of DDOG have gained 8% over the past month and 12.3% over the past year to close its last trading session at $110.09. However, the stock has declined 10.9% over the past six months.
Let's look at factors that could influence DDOG's performance in the upcoming months.
Positive Recent Developments
On June 26, DDOG unveiled Datadog Kubernetes Autoscaling, a set of capabilities that intelligently automates resource optimization and automatically scales customers' Kubernetes environments based on real-time and historical utilization metrics. This made DDOG the first observability vendor to offer its customers to make changes to their Kubernetes environments.
Also, on the same day, the company launched Log Workspaces, a suite of capabilities in a powerful, collaborative space enabling analysts and engineers from all teams in an organization to connect logs and other datasets and build multi-stage queries to answer complex questions on business, security and application issues of sophisticated analytics.
Datadog also announced new additions to its security product portfolio, including Agentless Scanning, Data Security, and Code Security, allowing DevOps and security teams to easily secure their code, cloud environments, and production applications.
Mixed Financials
For the second quarter that ended June 30, 2024, DDOG's revenue increased 26.6% year-over-year to $645.28 million. However, its cost of revenue also increased 21.3% year-over-year to $123.50 million. The company's non-GAAP <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%2C%20or%20gross%20income,fluctuate%20compared%20to%20production%20output.">gross profit</a> grew 27.9% from the year-ago value to $529.52 million, while the non-GAAP operating income of $157.54 million reflects an increase of 48% from the prior year's quarter.
Furthermore, the company's non-GAAP net income after non-GAAP tax adjustments came in at $152.96 million and $0.43 per share, up 50.8% and 48.3% year-over-year, respectively. Also, its free cash flow increased 1.4% year-over-year to $143.78 million.
However, the company's total liabilities stood at $2.01 billion as of June 30, 2024, compared to $1.91 billion as of December 31, 2023.
Favorable Historical Growth
DDOG's revenue grew at a CAGR of 46.3% over the past three years. Its tangible book value increased at a CAGR of 47.2% over the same period, while the company's total assets grew at a CAGR of 28.6% over the same time frame.
However, the company's levered free cash flow increased at a CAGR of 81.2% over the same timeframe.
Mixed Analyst Estimates
Analysts expect DDOG's revenue for the third quarter (ending September 2024) to come in at $664.75 million, indicating an increase of 21.4% year-over-year. However, its consensus EPS estimate of $0.40 for the same period reflects a 12.1% year-over-year decline. The company has surpassed the consensus revenue and EPS estimates in all of the trailing four quarters.
Further, for the fiscal year 2024, the company's revenue and EPS are anticipated to grow 23.7% and 26.8% year-over-year to $2.63 billion and $1.67, respectively. In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 22.3% and 16.1% from the prior year to $3.22 billion and $1.94, respectively.
Elevated Valuation
In terms of forward EV/Sales, DDOG is currently trading at 13.34x, 380.6% higher than the industry average of 2.78x. The stock's forward non-GAAP P/E and Price/Sales of 65.75x and 14.10x are considerably higher than the industry average of 22.90x and 2.77x, respectively.
Additionally, the stock's forward EV/EBITDA and Price/Book of 52.02x and 14.18x are 271.4% and 251.6% higher than the industry averages of 14.01x and 4.03x, respectively.
POWR Ratings Reflect Uncertainty
DDOG's mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to a Neutral in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DDOG has an A grade for Growth, in sync with its favorable historical growth.
However, the stock has a D grade for Value and Stability, consistent with its elevated valuation and mixed analysts' estimates.
DDOG is ranked #17 among the 39 stocks in the <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
Beyond what I have stated above, we have also given DDOG grades for Momentum, Sentiment, and Quality. Get access to all the DDOG ratings <a href="https://stocknews.com/stock/DDOG/">here</a>.
Bottom Line
DDOG reported mixed financial results in the last reported quarter. Further, the company's long-term prospects appear promising, driven by its strategic investments and continuous innovations. However, it continues to grapple with increasing cost of expenses and rising competition from its peers.
Given DDOG's mixed financials and elevated valuation, waiting for a better entry point in this stock seems prudent.
Stocks to Consider Instead of Datadog, Inc. (DDOG)
Given its near-term uncertain prospects, the odds of DDOG outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these A (Strong Buy) or B (Buy) stocks from the <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry instead:
SolarWinds Corporation (<a href="https://stocknews.com/stock/SWI/">SWI</a>)
VMware Inc. (<a href="https://stocknews.com/stock/VMW/">VMW</a>)
RingCentral Inc. Cl A (<a href="https://stocknews.com/stock/RNG/">RNG</a>)
For exploring more A and B-rated software stocks, <a href="https://stocknews.com/category/software-business/">click here</a>.
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DDOG shares were trading at $107.20 per share on Friday afternoon, down $2.89 (-2.63%). Year-to-date, DDOG has declined -11.68%, versus a 14.42% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/ddog-swi-vmw-rng-domo-okta-olo-wday-with-ai-powered-analytics-is-datadog-ddog-a-stock-to-watch/>With AI-Powered Analytics, Is Datadog (DDOG) a Stock to Watch?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

With AI-Powered Analytics, Is Datadog (DDOG) a Stock to Watch?

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