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Datadog (DDOG) Dips More Than Broader Markets: What You Should Know
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Datadog (DDOG - Free Report) closed the most recent trading day at $73.50, moving -0.6% from the previous trading session. This change lagged the S&P 500's daily loss of 0.25%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Coming into today, shares of the data analytics and cloud monitoring company had lost 5.17% in the past month. In that same time, the Computer and Technology sector lost 3.63%, while the S&P 500 lost 2.59%.
Wall Street will be looking for positivity from Datadog as it approaches its next earnings report date. On that day, Datadog is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 5%. Our most recent consensus estimate is calling for quarterly revenue of $446.51 million, up 36.88% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.91 per share and revenue of $1.65 billion, which would represent changes of +89.58% and +60.6%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Datadog. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 6.17% higher within the past month. Datadog is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Datadog is holding a Forward P/E ratio of 81.5. This represents a premium compared to its industry's average Forward P/E of 47.4.
We can also see that DDOG currently has a PEG ratio of 1.9. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 2.12 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 61, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Datadog (DDOG) Dips More Than Broader Markets: What You Should Know
Datadog (DDOG - Free Report) closed the most recent trading day at $73.50, moving -0.6% from the previous trading session. This change lagged the S&P 500's daily loss of 0.25%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Coming into today, shares of the data analytics and cloud monitoring company had lost 5.17% in the past month. In that same time, the Computer and Technology sector lost 3.63%, while the S&P 500 lost 2.59%.
Wall Street will be looking for positivity from Datadog as it approaches its next earnings report date. On that day, Datadog is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 5%. Our most recent consensus estimate is calling for quarterly revenue of $446.51 million, up 36.88% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.91 per share and revenue of $1.65 billion, which would represent changes of +89.58% and +60.6%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Datadog. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 6.17% higher within the past month. Datadog is currently a Zacks Rank #2 (Buy).
Looking at its valuation, Datadog is holding a Forward P/E ratio of 81.5. This represents a premium compared to its industry's average Forward P/E of 47.4.
We can also see that DDOG currently has a PEG ratio of 1.9. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 2.12 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 61, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.