2024-02-11 11:02:32 ET
Summary
- Datadog is a leading player in the DevOps and DevSecOps space, providing cloud software for backend technology operations.
- The company has expanded its product offerings to include application security management and cloud security, positioning itself for growth in the IT Operations Management market.
- Datadog's customer base and net retention rates are strong, but the stock is currently considered fully valued.
Investment Thesis
Datadog ( DDOG ) is a household name in the world of software development operations and security operations (DevOps and DevSecOps). The company’s proprietary cloud software is widely used by DevOps teams in many technology teams that build web and mobile applications. The entire DevOps space has become critical for technology teams to gain more visibility into their backend technology operations, as can be seen by the meteoric rise of Datadog and its competitor, Dynatrace ( DT ), which dislodged incumbents such as Splunk ( SPLK )....
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Datadog Easily Gains Over Its Competition, As It Approaches A Pivotal Week