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Datadog, Inc. (DDOG) provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally.
Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack.
On November 12th, Datadog reported a 3rd Quarter September 2019 loss of $0.04 per share on revenue of $95.9 million. The consensus estimate was a loss of $0.18 per share.
The company said it expects a fourth quarter loss of $0.02 to $0.01 per share on revenue of $101.0 million to $103.0 million. The current consensus estimate is a loss of $0.05 per share on revenue of $91.5 million for the quarter ending December 31, 2019. Shares have formed a bullish "cup and handle" and are expected to move higher out of this formation.
Entry Point: $40.70
Trading Range: $27.55 - $44.09
Stop Loss: $38.50
Target Price: $44.80
DDOG closed at $45.25.
