☁️📈 DATADOG ANALYSIS

bananaramana (40)in LAKSHMI • 2 years ago

1
Datadog reported 4th Quarter December 2021 earnings of $0.20 per share on revenue of $326.2 million. The consensus earnings estimate was $0.12 per share on revenue of $291.5 million. The Earnings Whisper number was $0.15 per share. Revenue grew 83.7% on a year-over-year basis.

The company said it expects first quarter non-GAAP earnings of $0.10 to $0.12 per share on revenue of $334.0 million to $339.0 million. The current consensus earnings estimate is $0.11 per share on revenue of $305.30 million for the quarter ending March 31, 2022. The company said it expects 2022 non-GAAP earnings of $0.45 to $0.51 per share on revenue of $1.51 billion to $1.53 billion. The current consensus earnings estimate is $0.58 per share on revenue of $1.41 billion for the year ending December 31, 2022.

Datadog is the monitoring and security platform for cloud applications. Our SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of customers' entire technology stack

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Since 10.02.2022 the stock is consolidating within an area ranging from $184.70 - $167.10.

WHAT DO I EXPECT NEXT?

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I can imagine that the Datadog stock will continue to consolidate within the range and might break out of its consolidation channel as soon as the entire market has strength. If the stock moves above $184.70 with higher than average volume, it might be beneficial to buy the stock. When the stock price closes below its temporary low at $167.10 the trading scenario is invalid.

What are your thoughts? Leave a comment down below 👇