TECH - 'Dynamite Company': Jim Cramer Says This Tech Giant Which Serves Microsoft IBM AWS Is 'Expensive But They Really Know What They're Doing' | Benzinga
In a recent segment of CNBC’s “Mad Money,” Jim Cramer has given his seal of approval to Datadog Inc. (NASDAQ:DDOG), describing the tech firm as a “dynamite company.”
What Happened: On Monday, CNBC reported Cramer’s positive stance on Datadog, despite the company’s lofty valuation. Answering a viewer’s question, he pointed to the company’s operational strength and solid prospects.
"I think it is a dynamite company, and it is a buy. It is expensive, but they really know what they're doing,” he noted.
Datadog is a U.S.-based company offering observability services for cloud-based applications at scale. With the rising adoption of cloud technology, Datadog experienced rapid growth and broadened its range of products to encompass various service providers such as Amazon Web Services (AWS), Microsoft Azure, Google Cloud Platform, Red Hat OpenShift, VMware, and OpenStack.
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