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home / news releases / DDOG - Datadog Q1 Earnings Preview: Market Consolidation Is Key

DDOG - Datadog Q1 Earnings Preview: Market Consolidation Is Key

Datadog Inc.

2024-04-30 10:44:29 ET

Summary

  • Datadog is set to release its Q1 earnings, with high expectations due to strong earnings reports from Microsoft and Google.
  • The company's Land and Expand strategy has been successful, with revenue growing at a 56% CAGR over the last five years.
  • Profitability on a GAAP basis is not expected in FY24, but the company projects adjusted operating margins to grow to +25% in the long term.
  • Still, the company is richly valued with downside expected as it heads into earnings.

Investment Thesis

Datadog ( DDOG ) is slated to announce their Q1 FY24 earnings report for their first quarter of this year next week on Thursday, May 7th, before markets open....

For further details see:

Datadog Q1 Earnings Preview: Market Consolidation Is Key
Stock Information
Company Name: Datadog Inc.
Stock Symbol: DDOG
Market: NYSE
Website: datadog.com
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