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Datadog (DDOG) Stock Sinks As Market Gains: What You Should Know
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Datadog (DDOG - Free Report) closed the most recent trading day at $96.45, moving -1.73% from the previous trading session. This change lagged the S&P 500's 0.45% gain on the day. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 1.99%.
Heading into today, shares of the data analytics and cloud monitoring company had gained 3.41% over the past month, outpacing the Computer and Technology sector's gain of 3.21% and lagging the S&P 500's gain of 4.25% in that time.
Datadog will be looking to display strength as it nears its next earnings release. On that day, Datadog is projected to report earnings of $0.28 per share, which would represent year-over-year growth of 16.67%. Our most recent consensus estimate is calling for quarterly revenue of $500.37 million, up 23.2% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.17 per share and revenue of $2.09 billion, which would represent changes of +19.39% and +24.92%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Datadog. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Datadog currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Datadog has a Forward P/E ratio of 84.04 right now. This valuation marks a premium compared to its industry's average Forward P/E of 40.81.
Investors should also note that DDOG has a PEG ratio of 3.13 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% 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.
To follow DDOG in the coming trading sessions, be sure to utilize Zacks.com.
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Datadog (DDOG) Stock Sinks As Market Gains: What You Should Know
Datadog (DDOG - Free Report) closed the most recent trading day at $96.45, moving -1.73% from the previous trading session. This change lagged the S&P 500's 0.45% gain on the day. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 1.99%.
Heading into today, shares of the data analytics and cloud monitoring company had gained 3.41% over the past month, outpacing the Computer and Technology sector's gain of 3.21% and lagging the S&P 500's gain of 4.25% in that time.
Datadog will be looking to display strength as it nears its next earnings release. On that day, Datadog is projected to report earnings of $0.28 per share, which would represent year-over-year growth of 16.67%. Our most recent consensus estimate is calling for quarterly revenue of $500.37 million, up 23.2% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.17 per share and revenue of $2.09 billion, which would represent changes of +19.39% and +24.92%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Datadog. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Datadog currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Datadog has a Forward P/E ratio of 84.04 right now. This valuation marks a premium compared to its industry's average Forward P/E of 40.81.
Investors should also note that DDOG has a PEG ratio of 3.13 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% 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.
To follow DDOG in the coming trading sessions, be sure to utilize Zacks.com.