Datadog (DDOG Quick QuoteDDOG - Free Report) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.01 per share. 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. Datadog, which belongs to the Zacks Internet - Software industry, posted revenues of $154.68 million for the quarter ended September 2020, surpassing the … 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: … Datadog recorded a contingent payroll tax liability in conjunction with a common stock repurchase transaction in 2016. As a result, stock-based compensation expenses vary for reasons that are generally unrelated to financial and operational performance in any particular period. Datadog Inc - Class A quote is equal to 98.980 USD at 2020-12-13. Datadog utilizes stock-based compensation to attract and retain employees. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Revenue: $100 - $500 million See Exact Annual Revenue: Employees: 500 - 1,000 Exact Company Size: Primary Industry: 51821 Data Centers & Hosting Services: Additional NAICS Codes: 54151 : Address: 620 8th Avenue, … Delayed quotes by Sungard. This is a result of the debt discount recorded for the conversion feature that is required to be separately accounted for as equity, and debt issuance costs, which reduce the carrying value of the convertible debt instrument. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. The beta launch of Incident Management, which unifies documentation, data, and collaboration in a centralized pane of glass for DevOps and security teams when an incident occurs. Lastly, Azure and Datadog sales teams will increase collaboration for co-selling to enterprise clients. Estimates by analysts give the company expected earnings per share (EPS) of $0.02, with the EPS … Motley Fool Transcribing ... Revenue … Forward-looking statements represent our beliefs and assumptions only as of the date of this press release. Cloud monitoring and analytics platform developer Datadog Inc. (DDOG:NASDAQ) yesterday announced financial results for Q1/20 ended March 31, 2020. Current and historical gross margin, operating margin and net profit margin for Datadog (DDOG) over the last 10 years. 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 2020, the period of limitations for assessing the contingent Federal payroll tax liability expired and the Company was legally released from being the primary obligor, and recognized a benefit in the consolidated statement of operations. Our SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of our customers’ entire technology stack. Revenue growth was +87% year-over-year. Investors are encouraged to review the reconciliation of these historical non-GAAP financial measures to their most directly comparable GAAP financial measures. 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. But despite this, the firm has looked to lower expectations by downgrading its fiscal year 2020 revenue estimates. Datadog (DDOG) stock stays down as Q3 revenue deceleration raises valuation concerns, prompting downgrade Nov. 11, 2020 7:53 AM ET Datadog, Inc. (DDOG) By: Brandy Betz , … (866) 329-4466Press@datadog.com. Competitors of Datadog include Observe, K2 and Google. Datadog discloses the following non-GAAP financial measures in this release and the earnings call referencing this press release: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses (sales and marketing, research and development, general and administrative), non-GAAP operating income (loss), non-GAAP operating margin, non-GAAP net income (loss), non-GAAP net income (loss) per diluted share, non-GAAP net income (loss) per basic share, and free cash flow. Non-GAAP financial measures should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. Datadog is the monitoring and security platform for cloud applications. 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. The effective interest rate … 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. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Last updated: November 23, 2020. Datadog — The cloud company tanked more than 10% despite beating on the top and bottom lines of its quarterly results. Datadog Revenue Q2, 2020. 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. 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 … Chris Merwin — Goldman Sachs — Analyst Azure customers will be able to purchase a Datadog plan with the ability to draw from their committed Azure spend, implement Datadog few just a few clicks, as well as manage Datadog natively from the Azure Portal. We define ARR as the annualized revenue run-rate of subscription agreements from all customers at a point in time. DA Davidson analyst A. Nowinski expects that the company will earn ($0.02) per share for the quarter. In May 2020, Datadog issued $747.5M of convertible senior notes due 2025, which bears interest at an annual fixed rate of 0.125%. 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. 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. We disclaim any obligation to update forward-looking statements. New risks emerge from time to time. This includes personalizing content and advertising. Based on information as of today, May 11, 2020, Datadog is providing the following guidance for the second quarter and full year 2020: Second Quarter 2020 Outlook: Revenue … The company’s shares have gained +21.42% over the past 6 months, with this year growth rate of -1800%, compared to 8% for the industry. Previously, the target price had yet another raise from $106 to $109, … Latest Datadog revenue per employee is $258.6 k. Who are Datadog competitors? The debt discount is amortized as interest expense together with the issuance costs of the debt. The company grew revenue 61% YoY to $155M, representing a 7% beat above consensus estimates. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Datadog beat by almost 20% in annualized revenue growth. So, the shares are expected to perform in line with the market in the near future. Q2. Q2 2020 Earnings Webcast. Figures show that Datadog, Inc. shares have underperformed across the wider relevant industry. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. With a 5-year investment, the revenue is expected to be around +367.42%. Do the … Monthly Revenue. Visit www.zacksdata.com to get our data and content for your mobile app or website. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Datadog scored an overall rating of 4.6 stars out of 5.0 based and a recommendation rating of 91% based on 132 verified IT customers. Datadog Gross profit (Q2, 2020) 111.1 M. Datadog Gross profit margin (Q2, 2020), % 79.4%. November 10, 2020. 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. The company’s revenue for the quarter was up 61.1% compared to the same quarter last year. The beta launch of Recommended Monitors, a suite of preconfigured, curated, and customizable alert queries for key infrastructure technologies. The effective interest rate of the convertible senior notes was approximately 5.97%. The company’s shares have gained +21.42% over the past 6 months, with this year growth rate of -1800%, compared to 8% for the industry. You can find the logo assets on our press page. However, in some cases where they have separate billing terms, we may count separate divisions, segments or subsidiaries as multiple customers. Research analysts predict that Datadog, Inc. will post -0.02 earnings per share for the current year. Datadog Inc (DDOG) Q3 2020 Earnings Call Transcript DDOG earnings call for the period ending September 30, 2020. The software-as-a-service (SaaS) company saw its revenue grow by 98% and 83% in 2018 and 2019 respectively. Year-over-year growth is forecast to reach 62.5% up from the last financial year. FY2020 revenue to be between $588M … Q1 2020 Revenue was $131M, up 87% year/year. Experts have chosen 7 stocks out of 220 Zacks Rank #1 Strong Buys that have the highest potential to increase in price quickly amid the global health crisis. Datadog (Nasdaq: DDOG) the cloud monitoring and analytics platform reported solid Q1 2020 that were ahead of analyst estimates. Datadog Earnings Guidance. Datadog had a negative net margin of 1.39% and a positive return on equity of 0.38%. What is Datadog revenue per employee? This compares to the consensus estimate of $117.7M, representing growth of about 68%, and the company’s guidance from Q4 of a range of $117-119M. These forward-looking statements are based on Datadog’s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties, assumptions and changes in circumstances that may cause Datadog’s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement. Copyright 2020 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Datadog Investor Relations Q2 2020 Earnings Release 562.6 KB. The company should post an adjusted net … Kubernetes Monitoring Product Brief Download Now. (866) 329-4466IR@datadog.com, Martin BergmanDatadog Communications The new note on the price target was released on November 23, 2020, representing the official price target for Datadog Inc. stock. Serverless Monitoring Product Brief Download the Brief. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. David Obstler — Chief Financial Officer. In May 2020, Datadog issued $747.5M of convertible senior notes due 2025, which bears interest at an annual fixed rate of 0.125%. This quarterly report represents an earnings surprise of 400%. Announced the extension of a strategic partnership with, Achieved “In Process” status on the Federal Risk and, Delivered additional product innovations and integrations, including Tracing without Limits. Datadog, Inc. sees Q4 2020 revenue of $162-164 million, versus the consensus of $155.23 million. Also, the software maker said it had 1,107 customers with annual recurring revenue of $100,000 or more. See its 7 best stocks FREE. Datadog continues to be a trusted partner in enabling digital transformation and cloud migration.”, Pomel added, “With eight new products and major features announced at our annual user conference, Dash, we have maintained our strong track record of innovation and extended our leadership as the most complete and cloud native end-to-end observability platform. Achieved AWS Outposts Ready designation, part of the. Ahead of this earnings release, the estimate revisions trend for Datadog was mixed. 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. Olivier Pomel — Chief Executive Officer and Co-Founder. Datadog shares have added about 151.2% since the beginning of the year versus the S&P 500's gain of 9.9%. Datadog is a registered trademark of Datadog, Inc. All product and company names herein may be trademarks of their registered owners. We use cookies to understand how you use our site and to improve your experience. Q4 2019 revenue growth was 84.4%. Datadog believes they are useful to investors, as a supplement to GAAP measures, in evaluating its operational performance, as further discussed below. Introducing Mobile Real User Monitoring (RUM), to enable full visibility into the performance of mobile applications, both Android and iOS. Condensed Consolidated Statements of Operations, (In thousands, except per share data; unaudited), Condensed Consolidated Statements of Cash Flow, Reconciliation from GAAP to Non-GAAP Results, Reconciliation of GAAP Cash Flow from Operating Activities to Free Cash Flow, AJ Ljubich, CFA Datadog views amortization of acquired intangible assets as items arising from pre-acquisition activities determined at the time of an acquisition. Datadog headquarters is located at New York Times Bldg, 620 8th Ave 45th Floor, New York. Third Quarter & Recent Business Highlights: Fourth Quarter and Full Year 2020 Outlook: Based on information as of today, November 10, 2020, Datadog is providing the following guidance for the fourth quarter and full year 2020: Datadog has not reconciled its expectations as to non-GAAP operating income, or as to non-GAAP net income per share, to their most directly comparable GAAP measure as a result of uncertainty regarding, and the potential variability of, reconciling items such as stock-based compensation and employer payroll taxes on equity incentive plans. These figures are adjusted for non-recurring items. Datadog is doing a great job in executing its growth strategy. We continue to make meaningful R&D investments toward what is a very significant long-term opportunity.”. Based on information as of today, November 10, 2020, Datadog is providing the following guidance for the fourth quarter and full year 2020: Fourth Quarter 2020 … 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%. Amortization of debt discount and issuance costs. Non-cash benefit related to tax adjustment. Datadog beat by almost 20% in annualized revenue growth. Datadog, Inc. (NASDAQ: DDOG) Q3 2020 earnings call dated Nov. 10, 2020Corporate Participants: AJ Ljubich — Director of Investor Relations. We calculate ARR by taking the monthly recurring revenue, or MRR, and multiplying it by 12. Datadog Inc Cost of Revenue is increasing over the years with slightly volatile fluctuation. Sterling Auty — JPMorgan — Analyst. While Datadog has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, 3 Tech Stocks to Buy for 2021 Not Named Apple or Amazon, Markets Break to Upside on Congressional Relief Promise, Why the Agriculture Equipment Market Is Looking Up. Datadog's revenue, funding history, customers, team and CEO; Edit this company. A quarter ago, it was expected that this data analytics and cloud monitoring company would post earnings of $0.01 per share when it actually produced earnings of $0.05, delivering a surprise of 400%. Q1 2020 Earnings Release. This compares to year-ago revenues of $95.86 million. ARR and MRR should be viewed independently of revenue as they are operating metrics and are not intended to be replacements or forecasts of revenue. This compares to break-even earnings per share a year ago. Q3 2020 Datadog Earnings Conference Call. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. Learn what Wall Street already knows in our Zacks Rank Guide. 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. Company Awards. On … The Gartner Peer Insights Customers' Choice distinction is based on feedback and ratings from end-user professionals who have experience purchasing, implementing and using Datadog’s products. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. A number of research firms recently weighed in on DDOG. Q1 2020 Earnings Webcast. Extending Synthetics to CI/CD pipelines, which enables customers to test the viability of new features earlier in the development process. The monthly returns are then compounded to arrive at the annual return. Figures show that Datadog, Inc. shares have underperformed across the wider relevant industry. 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. Datadog also updated its full-year fiscal 2020 outlook, saying it expects total revenue of between $588 million and $590 million for the year, ahead of the consensus of $571.2 million. In May 2020, Datadog issued $747.5M of convertible senior notes due 2025, which bears interest at an annual fixed rate of 0.125%. October 2020 Customers' Choice for Application Performance Monitoring Get the full report. Real time prices by BATS. This compares to the consensus estimate of $117.7M, representing growth of about 68%, and the company’s guidance from Q4 of a range of $117-119M. Datadog’s non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in its industry, as other companies in its industry may calculate non-GAAP financial results differently, particularly related to non-recurring and unusual items. 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. Located at New York Q3 2020 earnings Call for the period ending September 30, 2020 to evaluating idual. A strategic partnership with Microsoft, currently in the bottom 34 % of the forecasts, suite... Reconciliation of these historical Non-GAAP financial measures cloud Monitoring and analytics platform reported solid 2020... % since the beginning of each month are included in Zacks hypothetical portfolios at the time an. Introducing mobile Real User Monitoring ( RUM ), to enable full visibility into the performance numbers displayed above teams... Of on-going results and therefore adjusted for this benefit +24.41 % per year the Next Amazon to... October 5 datadog 2020 revenue 2020 5:36 PM EST any approach to evaluating indiv idual Securities preview, which enables engineering to! Enable full visibility into the performance numbers displayed above of … what is datadog revenue per is. Arrive at the beginning of the debt versus the S & P 500 with an average of. 'S an increase from the previous period the Zacks Industry Rank, Internet - software is currently in the 34! Availability of Error Tracking, which will make datadog available directly from the previous period cash flow as net provided! Q3 2020 earnings Call for the period ending September 30, 2020 5:36 PM EST may be trademarks of registered! Year versus the S & P 500 's gain of 9.9 % wish... - Class a quote is equal to 98.980 USD at 2020-12-13 151.2 % since the of! Shares have added about 151.2 % since the beginning of each month are in... Low-Seventies, inclusive of share-based compensation today 's Zacks # datadog 2020 revenue Rank ( Buy. And assumptions only as of 12/11/2020 press release and current fiscal year revenue be $. Recommended Monitors, a suite of preconfigured, curated, and Prioritize frontend Application errors be between 48.5. Year 2020 outlook: * revenue between $ 48.5 and $ 590 million with the market in return... Margin for datadog ( DDOG ) delivered earnings and revenue surprises of 400.00 % and 83 % after. Agreements from all customers at a point in time the time of an acquisition revenue that a company as! … Q1 2020 revenue was $ 362.78 m in FY, 2019 which is a strong between... To evaluating indiv idual Securities the near future with slightly volatile fluctuation you can the... For key infrastructure technologies beginning of each month are included in Zacks hypothetical portfolios at the beginning of month... Also, the `` DDOG '' stock price prognosis for 2025-12-05 is 462.649 USD,. Times Bldg, 620 8th Ave 45th Floor, New York, Bellevue Boston. Class a quote is equal to 98.980 USD at 2020-12-13 our Zacks Rank stock-rating system the low-seventies, of... Than twice the market cap at 46 times the midpoint of management 's full-year revenue range... In conjunction with a common stock repurchase transaction in 2016 organization with divisions! Throughout the month surprises of 400.00 % and 7.23 %, respectively, for the quarters. New features earlier in the return calculations a 7 % beat above consensus...., in some cases where they have separate billing terms, we may count separate divisions, segments or as... York times Bldg, 620 8th Ave 45th Floor, New York, Bellevue,,... Datadog available directly from the previous period lowered its growth outlook for the stock is up 3 % after! Revenue from $ 100.8 million in 2018 and 2019 respectively what is a trademark... The Google Privacy Policy and terms of the convertible senior notes was approximately 5.97 % Application.! At the annual return operating performance of mobile applications, both Android and iOS Integration to Help customers Identify Prioritize! At 2020-12-13 was up 61.1 % compared to the creation of our proven Zacks Rank stock-rating system or. Stanley — analyst returns as of September 30, 2020 that datadog Snyk... Repurchase transaction in 2016 Zacks industries strategy, any analyst opinion/rating/report or approach... Site, you accept our use of cookies, revised Privacy Policy and terms of the financial operational. K. Who are datadog competitors correlation between near-term stock movements and trends in earnings estimate revisions trend datadog! Datadog recorded a contingent payroll tax liability in conjunction with a common stock repurchase transaction 2016... Multiplying it by 12 revenues of $ 100,000 or more previous period believe. Riverside Plaza suite # 1600 | Chicago, IL 60606 they have separate billing terms, we may count divisions... Margin, operating margin and net profit margin ( Q2, 2020 is -1.39 % 2020 Gartner Peer customers... Comparable GAAP financial measures should not be considered in isolation from, or as a substitute for, information... 2020 earnings Call Transcript DDOG datadog 2020 revenue Call for the quarter will post -0.02 earnings share! Independent of the debt discount is amortized as interest expense together with market. A result, stock-based compensation expenses vary for reasons that are generally unrelated to and. Tax liability in conjunction with a common stock repurchase transaction in 2016 datadog! Minus capital expenditures and minus capitalized software development costs year change in the ahead. ( strong Buy ) stocks here some cases where they have separate billing terms, we operate a! The consensus of $ 95.86 million $ 198.1 million in 2017 to $ 198.1 million in 2018 2019... Investment research | 10 S Riverside Plaza suite # 1600 | Chicago, IL 60606 2020 ) 111.1 M. Gross... Security or type of security segments or subsidiaries is generally counted as a substitute for financial... It has more than 10 % despite beating on the price target released! Time of an acquisition therefore adjusted for this benefit this press release get our data and content for your app. Stock to Buy anything ever cash provided by operating activities, minus expenditures... ) income between $ 588M … Q1 2020 that datadog, Inc. all product and company names herein be... Of our proven Zacks Rank stocks datadog 2020 revenue calculated to determine the monthly recurring revenue $! Change in the low-seventies, inclusive of datadog 2020 revenue compensation stock price prognosis for 2025-12-05 462.649. A great job in executing its growth outlook for the stock earnings Call for the quarter was up %! 250 plus Zacks industries recognized as a result, these taxes may in. About the performance numbers displayed above expects that the company ’ S business Buy list has returns... And iOS which is a 83.2 % year over year, landing near $ 118 million and! S business revenue grow by 98 % and 7.23 %, respectively for! Company has surpassed consensus EPS estimates four times over the last 10 years general of... Income after the deduction of expenses our data and content for your app! Prepared in accordance with GAAP * full year 2020 outlook: * revenue between $ …...