Datadog, Inc. (DDOG) stock has increased to 12.91% – What’s behind the rise?

Renewable Energy, Catching News

Datadog, Inc. (DDOG) has experienced an increase of 12.91% in the premarket. However, the last trading session closed at $166.95 with an incline of 2.56%.

Top 5 Tech Stocks to Buy in 2024

Don't let the chaos of rising interest rates, potential recession, tighter credit issues, higher oil prices, and incessant geopolitical issues chase you from the markets. Instead, just wait it out. With too much fear in the market, go bargain hunting with tech stocks. We have complied a report with the five of the best ways to profit within this industry. "Top 5 AI Stocks to Buy in 2024."

Click here to sign up for our free report & newsletter, plus bonus offer "Elon Musk just Tiggered a BOOM in These Stocks"


Acquisition of Ozcode

DDOG reported on 4th November 2021 that it has finalized the purchase of Ozcode, a live debugging solution for production environments that delivers code-level observability. With the inclusion of Ozcode, Datadog’s clients will be able to speed up software development and minimize the time it takes to address difficulties. Traditionally, software debugging was limited to test and development environments.

As a result, when faults arise in production, engineering teams are forced to investigate by studying innumerable logs or duplicating the issues in their pre-production settings. Moreover, this time-consuming procedure lengthens the time it takes to find and fix the source of problems. Customers may use Ozcode’s live debugging solution to quickly instrument and address these mistakes in production systems without having to spend time and resources replicating the issues in a test environment.

Third Quarter 2021 Results

DDOG announced third quarter 2021 results on 4th November 2021. According to the report, the revenue was $270.5 million, 75% more than a year over year. Moreover, the GAAP operating loss came out to be $4.9 million, with a GAAP operating margin of 2%. On the other hand, the non-GAAP operating profit was $44.0 million, with a non-GAAP operating margin of 16%. The operating cash flow was $67.4 million, with $57.1 million in free cash flow. As of September 30, 2021, the cash, cash equivalents, restricted cash, and marketable securities totaled $1.5 billion. The company had 1,800 clients with an ARR of $100,000, more than  1,082 as of September 30, 2020.

Rookout joins the Datadog Marketplace

DDOG announced on 26th October 2021 its new integration with Rookout. In the Datadog marketplace, the integration is currently accessible. This new connection deepens the collaboration between Rookout and Datadog. The capability to debug apps on the go, along with Datadog’s excellent visibility into the health and condition of those programs, unlocks a significant number of results and insight for developers and DevOps.

Moreover, DDOG helps enterprises grow their cloud infrastructures, diagnose possible issues, and offer outstanding digital experiences to their customers by combining metrics, traces, logs, and more. The Datadog Marketplace connects Datadog clients to one-of-a-kind technological connections that allow for greater customization and flexibility. Lastly, the Marketplace is a part of the Datadog Partner Network, which provides access to specialized sales and marketing tools as well as premium Datadog product instruction manuals.