About time DDOG discussed here.
Unlike most companies, DDOG has been totally quiet through this pandemic…
Last news on Seeking Alpha was on 3/27 that Mizuho started rating at buy
Datadog gains bull on market exposure
Mar. 27, 2020 8:33 AM ET|About: Datadog, Inc. (DDOG)|By: Brandy Betz, SA News Editor
Mizuho starts Datadog (NASDAQ:DDOG) at a Buy rating and $46 price target.
Analyst Gregg Moskowitz sees DDOG as well-positioned to weather the coronavirus storm because it’s connected to “some of the most compelling trends in software,” including cloud and analytics.
The analyst also notes Datadog’s “vast greenfield opportunity” and efficient business model.
Datadog shares are down 2% pre-market to $33.60. The company has a Bullish average Sell Side rating.
Lets see, what can go wrong with DDOG - their customer base among restaurant, air-lines and sports / entertainment markets likely not going to buy more of their services… however, as long as those companies are alive, they are not going to reverse from cloud migration and therefore, not cancelling their current DDOG services.
On the other side, its quite possible that they are really busy serving an onrush of new customers due to increased demand on cloud infrastructure of companies all kinds… as we know of Zoom, many many other companies are seeing increased demand online…
My opinion is that as we see MSFT Azure and Amazon AWS are big beneficiary of cloud, DDOG is one of few pure play leverage on cloud infrastructure migration that one can find.
Looking at their execution history, I have no doubt that DDOG is well and kicking… In the absence of any other means of ascertaining, one data point I find is open jobs on DDOG website. They have >150 open positions across world, including 90+ jobs in NYC. Yahoo finance says DDOG has ~1400 employees… this they are still looking to expand their team by >10%… just boosts confidence if one has any doubts!
Hopefully we see some update from the company sometime soon!