Datadog, Inc. (DDOG) – Strong performance with AI initiatives

Datadog, Inc. (DDOG) (Q2FY23)

Stock Performance: Datadog stock price increased by 11.76% in the past 1-year. It had a 52-week high of $118.02 and its 52-week low is $61.34. The price showed a downtrend in the past 3-month period and gave 23.37% returns.

Q2FY23 Performance: Revenue was $509mn, an increase of 25% Y/Y. GAAP operating loss was $22mn; GAAP operating margin was (4)%. Non-GAAP operating income was $106.5mn; non-GAAP operating margin was 21%. GAAP net loss per diluted share was – $0.01; non-GAAP net income per diluted share was $0.36.

Guidance: For Q3FY23, Datadog anticipates revenues between $521mn and $525mn. Non-GAAP earnings are expected to be $0.33- $0.35 per share. Non-GAAP operating income is expected in the range of $98mn to $102mn.

Highlights

Datadog is well-positioned to take advantage of a growing market. The company’s total addressable market (TAM) is expanding due to the rise in cloud computing use, increased IT infrastructure complexity, and the growing demand for observability and security solutions.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10-Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 33

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