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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 February 13th, Datadog reported Quarter December 2019 earnings of $0.02 per share on revenue of $113.6 million. The consensus estimate was a loss of $0.02 per share on revenue of $102.2 million.
The company said it expects a first quarter loss of $0.02 to $0.01 per share on revenue of $117.0 million to $119.0 million and a 2020 loss of $0.07 to $0.03 per share on revenue of $535.0 million to $545.0 million. The current consensus estimate is a loss of $0.03 per share on revenue of $109.4 million for the quarter ending March 31, 2020 and a loss of $0.10 per share on revenue of $503.0 million for the year ending December 31, 2020. Shares are sitting at a "trendline support" and are expected to move higher.
Entry Point: $43.50
Trading Range: $27.55 to $50.12
Stop Loss: $40.75
Target Price: $48.50
DDOG closed at $48.02
