You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures. This press release and the earnings call referencing this press release contain “forward-looking” statements, as that term is defined under the federal securities laws, including but not limited to statements regarding the impact of the COVID-19 pandemic on digital transformation and cloud migration trends and the ability of Datadog to benefit from these trends, Datadog’s strategy, partnerships, investments and long-term opportunity, and Datadog’s future financial performance, including its outlook for the fourth quarter and full year 2020. Datadog Investor Relations The company report on August 19, 2020 that Datadog Achieves FedRAMP Moderate-Impact “In Process” Status.. Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced it has achieved “In Process” status on the … Additionally, Datadog’s management believes that the non-GAAP financial measure free cash flow is meaningful to investors because management reviews cash flows generated from operations after taking into consideration capital expenditures and the capitalization of software development costs due to the fact that these expenditures are considered to be a necessary component of ongoing operations. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the DDOG stock to lose ahead of the earnings release. NYSE and AMEX data is at least 20 minutes delayed. Datadog beat by almost 20% in annualized revenue growth. MRR is defined as the revenue run-rate of subscription agreements from all customers for the last month of the period, including committed amounts and any additional usage. Datadog believes they are useful to investors, as a supplement to GAAP measures, in evaluating its operational performance, as further discussed below. Q4 2019 revenue growth was 84.4%. In May 2020, Datadog issued $747.5M of convertible senior notes due 2025, which bears interest at an annual fixed rate of 0.125%. Employer payroll taxes on employee stock transactions. Datadog (Nasdaq: DDOG) the cloud monitoring and analytics platform reported solid Q1 2020 that were ahead of analyst estimates. Datadog utilizes stock-based compensation to attract and retain employees. The company saw revenue grow 140% YoY to $3.03B, beating the consensus estimate by $950M or 46%. Growing into its own. The risks and uncertainties referred to above include, but are not limited to (1) our recent rapid growth may not be indicative of our future growth; (2) our history of operating losses; (3) our limited operating history; (4) our business depends on our existing customers purchasing additional subscriptions and products from us and renewing their subscriptions; (5) our ability to attract new customers; (6) our ability to effectively develop and expand our sales and marketing capabilities; (7) risk of a security breach; (8) risk of interruptions or performance problems associated with our products and platform capabilities; (9) our ability to adapt and respond to rapidly changing technology or customer needs; (10) the competitive markets in which we participate; (11) risks associated with successfully manage our growth; (12) general market, political, economic, and business conditions; and (13) the impact that the recent COVID-19 pandemic and any related economic downturn could have on our or our customers’ businesses, financial condition and results of operations. Analysts: Sanjit Singh — Morgan Stanley — Analyst. And for the full-year 2020, revenue is expected to be in the range of $588 million to $590 million, which represents 62% year-over-year growth at the midpoint. Based on information as of today, August 6, 2020, Datadog is providing the following guidance for the third quarter and full year 2020: Third Quarter 2020 Outlook: … Chris Merwin — Goldman Sachs — Analyst Management believes these non-GAAP financial measures are useful to investors and others in assessing Datadog’s operating performance due to the following factors: Stock-based compensation. Gross payment volume of $31.7B was 6% … See its 7 best stocks FREE. YOY — Funding $0.0. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. However, in some cases where they have separate billing terms, we may count separate divisions, segments or subsidiaries as multiple customers. Gross payment volume of $31.7B was 6% … If you do not, click Cancel. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Looking at its more recent performance, the company’s top line grew from $85.4 million in the first half of 2018 to $153.3 million in H1 2019. Revenue growth was +87% year-over-year. Shares of cloud platform company Datadog Inc. traded higher and established a new 52-week high price after the firm reported an 87% increase in Q1/20 year-over-year revenue. Weighted average shares used in calculating basic and diluted, Accounts receivable, net of allowance for credit losses of, Prepaid expenses and other current assets, Accrued expenses and other current liabilities, TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY. Datadog recorded a contingent payroll tax liability in conjunction with a common stock repurchase transaction in 2016. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Figures show that Datadog, Inc. shares have underperformed across the wider relevant industry. Returns as of 12/11/2020. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Third quarter revenue grew 61% year-over-year to $155 million, Strong growth of larger customers, with 1,107 $100k+ ARR customers, up from 727 a year ago, Announced 8 new products and features at annual Dash conference, Announced a strategic partnership with Microsoft and an extended partnership with Google. Non-GAAP operating income is expected to be in the range of $48.5 million to $50.5 million and non-GAAP net income per share is expected to be in the range of $0.17 to $0.18 per share based on approximately 332 million weighted … Where is Datadog headquarters? That's an increase from 727 such customers a year earlier. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Adjustments to reconcile net loss to net cash provided by operating activities: Amortization of discounts or premiums on marketable securities, Amortization of debt discount and issuance costs, Stock-based compensation, net of amounts capitalized, Allowance for credit losses on accounts receivable, Loss on disposal of property and equipment. Nov 10, 2020 5:36 PM EST. Datadog, Inc. has a market cap of $31.95 Billion and is expected to release its quarterly earnings report on Feb 11, 2021- Feb 15, 2021. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on Datadog’s reported financial results. Datadog — The cloud company tanked more than 10% despite beating on the top and bottom lines of its quarterly results. We continue to make meaningful R&D investments toward what is a very significant long-term opportunity.”. Overview. Datadog, Inc. estimates its current quarter revenue will drop -33.3%, while the growth in revenue is estimated to hit -33.3% for the next quarter. Where are Datadog offices? Cost of Revenue is expected to dwindle to about 77.5 M.During the period from 2010 to 2020 Datadog Inc Cost of Revenue anual values regression line had geometric mean of 31,371,260 and significance of 0.008247. Q1. Zacks Ranks stocks can, and often do, change throughout the month. Visit www.zacksdata.com to get our data and content for your mobile app or website. Looking ahead, Datadog expects first-quarter revenue to rise by roughly 69% year over year, landing near $118 million. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Changes in operating assets and liabilities: Net cash provided by operating activities, Proceeds from sale of marketable securities, Cash paid for acquisition of businesses; net of cash acquired, Proceeds from initial public offering, net of underwriting discounts and commissions and other offering costs, Proceeds for issuance of common stock under the employee stock purchase plan, Employee payroll taxes paid related to net share settlement under the employee stock purchase plan, Proceeds from issuance of convertible senior notes, net of issuance costs, Purchase of capped call related to convertible senior notes, Net cash provided by financing activities, Effect of exchange rate changes on cash, cash equivalents and restricted cash, NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND, CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period, CASH, CASH EQUIVALENTS AND RESTRICTED CASH—End of period, RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED, Restricted cash – Including amounts in prepaid expense and other current assets and other assets, Total cash, cash equivalents and restricted cash, Plus: Amortization of acquired intangibles, Plus: Employer payroll taxes on employee stock transactions, Plus: Non-cash benefit related to tax adjustment, Less: Employer payroll taxes on employee stock transactions, Less: Non-cash benefit related to tax adjustment, Plus: Amortization of debt discount and issuance costs, Less: Purchases of property and equipment, Less: Capitalized software development costs, Cash, cash equivalents, restricted cash, and marketable securities were. Datadog's revenue, funding history, customers, team and CEO; Edit this company. The expense for the amortization of debt discount and debt issuance costs is a non-cash item, and we believe the exclusion of this interest expense will provide for a more useful comparison of our operational performance in different periods. We define the number of customers as the number of accounts with a unique account identifier for which we have an active subscription in the period indicated. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 34% of the 250 plus Zacks industries. (866) 329-4466IR@datadog.com, Martin BergmanDatadog Communications Announced 8 new products and features at our annual user conference Dash, which was attended by over 7,000 people in what was our first all-virtual event. And for the full year 2020, revenue is expected to be in the range of $588 million to $590 million, which represent 62% year-over-year growth at the midpoint. On top of that, Datadog’s full-year sales are projected to surge over 57% in 2020 and another 35% higher in FY21. The stock is up 3% in after hours trading. We continue to execute on our strategic priorities to position for the long-term, including rapid product innovation and expansion of our go-to-market.” Second Quarter 2020 Financial Highlights: Revenue was $140.0 million, an … Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Datadog wrapped H1 2019 with gross margins in the low-seventies, inclusive of share-based compensation. Q1 2020 Revenue was $131M, up 87% year/year. Moreover, we operate in a very competitive and rapidly changing environment. Datadog Inc. [NASDAQ: DDOG] surged by $3.29 during the normal trading session on Monday and reaching a high of $103.43 during the day while it closed the day at $102.27. Based on information as of today, August 6, 2020, Datadog is providing the following guidance for the third quarter and full year 2020: • Third Quarter 2020 Outlook: o Revenue between $143 million and $145 million. Figures show that Datadog, Inc. shares have underperformed across the wider relevant industry. Source: Datadog IPO prospectus. Datadog, which belongs to the Zacks Internet - Software industry, posted revenues of $154.68 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 7.23%. Datadog Net income (Q2, 2020) 284 K. Datadog EBIT (Q2, 2020) 654 K. Datadog Cash, 30-Jun-2020 206.2 M. Datadog EV 31.4 B. Datadog Revenue. Recognized as a 2020 Gartner Peer Insights Customers’ Choice for Application Performance Monitoring. Datadog has offices in New York, Bellevue, Boston, Campbell … , curated, and multiplying it by 12 any particular period independent of the and... With slightly volatile fluctuation times Bldg, 620 8th Ave 45th Floor, New times. 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