Long Position on DDOG @ $93.75 on 6/11/2021 (Momentum)

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.

The company's SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, log management, and security monitoring to provide real-time observability of customers technology stack.

Its platform also provides user experience and network performance monitoring, incident management, and various shared features, such as sophisticated dashboards, advanced analytics, collaboration tools, and alerting capabilities. 

Datadog Inc. reported 1st Quarter March 2021 earnings of $0.02 per share on revenue of $198.5 million. The consensus earnings estimate was $0.03 per share on revenue of $186.7 million. Revenue grew 51.3% on a year-over-year basis.

The company said it expects second quarter earnings of $0.03 to $0.04 per share on revenue of $211.0 million to $213.0 million. The current consensus earnings estimate is $0.03 per share on revenue of $196.44 million for the quarter ending June 30, 2021. The company also said it now expects 2021 earnings of $0.13 to $0.16 per share on revenue of $880.0 million to $890.0 million. The company's previous guidance was earnings of $0.10 to $0.14 per share on revenue of $825.0 million to $835.0 million and the current consensus earnings estimate is $0.14 per share on revenue of $833.55 million for the year ending December 31, 2021.

This stock should see an increase in share prices as cybersecurity becomes a hot sector.

Entry Point: $93.75

Stop Loss: $89.15

Trading Range: $69.73 - $119.43

Target Price: $103.15

Updates

6/18/2021 1:53:29 PM

DDOG closed at $104.00

Position closed on 6/18/2021 at price of $104.00 with a 10.93% gain in 7 days.

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