Datadog, Inc. (DDOG) is the monitoring and security portfolio for cloud-based apps. The company’s SaaS system automates the monitoring of infrastructure and management of logs to give real-time observability of its consumers’ complete technology stack. It is utilized to enable digital transformation and cloud migration, reduce time to problem-solving, and secure the apps.
The price of DDOG stock during the regular trading on February 9, 2022, was $155.5 with a 2.48% gain. On February 10, 2022, in the premarket, its stock was last checked to gain 14.5%.
DDOG Events and Happenings
On February 10, 2022, DDOG announced the acquisition of CoScreen. The procurement will bring novel abilities to the DDOG’s portfolio that support the professionals to share their screens. The platform will resolve the issues related to co-working during pair programming, prototyping, and debugging in a co-workspace.
DDOG: Key Financials
On February 10, 2022, DDOG released its financial results for the fourth quarter ended December 31, 2021. Some of the key highlights are below.
Revenue
Revenue in the fourth quarter of 2021 was $326.1 million compared to $177.5 million in the same quarter in 2020. The company observed an increase in revenue of 84% over the yearly period. The company beat the analysts’ estimated revenue which was $291.4 million
EPS
Basic and diluted net income per share in Q4 2021 was $7.1 million or $0.02 compared to net loss of $16.1 million or $0.05 in the same period of 2020. The analysts estimated the EPS for the quarter to be $0.11 per share.
On January 26, 2022, DDOG reported about the receipt of moderate impact level authorization by the Federal Risk and Authorization Management Program Agency via sponsorship from the Veterans Affairs Department. On January 5, 2022, DDOG was informed about its entry into an international strategic collaboration with Amazon Web Services, Inc. Both the companies agreed upon co-work to produce and supply tighter product alignment in the coming days.
On December 9, 2021, DDOG updated about launching Sensitive Data Scanner which will help customers in detection, classification, and protection of sensitive data found in their app logs. On November 30, 2021, DDOG was informed about achieving the AWS Graviton Ready position in collaboration with AWS Service Ready Program.
Conclusion
DDOG is outperforming from the past year as its stock is 34% up from the past year. The company recorded a gain in its stock in Thursday’s premarket due to an 84% increase in its revenue and acquisition of CoScreen. The company’s performance was brilliant in the fourth quarter as announced by its management.
