Datadog, Inc.·Technology

Datadog NASDAQ: DDOG CEO and co-founder Olivier Pomel said the company is benefiting from both ongoing cloud migration and the rapid expansion of artificial intelligence workloads, describing the observability and security provider as still early in a long-running market cycle.

Wedbush Securities has added Datadog Inc (NASDAQ:DDOG) and SK Hynix (KRX: 000660) to its closely watched IVES AI 30 list, citing the memory super-cycle and AI observability as two of the most compelling themes in the current phase of the artificial intelligence buildout. In a note to clients, Wedbush analyst Dan Ives described the AI revolution as entering its "third inning of a nine-inning game," pointing to record hyperscaler capital expenditures and accelerating enterprise adoption as evidence that the cycle remains in its early stages.

The broad stock market might be heating up again, with the tech sector continuing to flex its muscles.

Datadog, Inc. (DDOG) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, DDOG's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Datadog (DDOG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Datadog, Inc. 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 its customers technology stack. Its platform also provides user experience monitoring, network performance monitoring, cloud security, developer-focused observability, and incident management, as well as a range of shared features, such as dashboards, analytics, collaboration tools, and alerting capabilities. The company was incorporated in 2010 and is headquartered in New York, New York.
Technology
Software - Application
8,100
2019-09-19
1.29