Since the Datadog’s IPO in September, the company’s stock price has mostly trended downward. The company does however have a strong cloud-based business model and competitive pricing which has helped it grow exponentially and acquire more than 8,000 customers and with revenues exceeding $250 million over the trailing twelve months.
Datadog, Inc. (NASDAQGS:DDOG) is scheduled to report Q3 earnings results on November 12, 2019. The company is expected to report earnings of -$0.14/share on revenue of $84.750 million. The consensus earnings per share (EPS) of -$0.14/share is based on a poll of 12 analysts while the revenue forecast of $84.750 million is based on a poll of 10 analysts.
This will be Datadog’s first earnings call after the IPO so the key numbers analysts will be watching for is revenue and revenue guidance.
Fundamentals And Technical Analysis
Datadog is currently trading at $34.49/share, up 2.8% for the day. The company is trading at approximately 83% of its 52 week high of $41.44/share. The company is not yet profitable so the current share price implies a price-to-earnings (P/E) multiple of -389.8x and a forward P/E multiple of -243.6x.
Datadog’s current share price also implies a price-to-book (P/B) multiple of -121.5x. The following table summarizes some other key fundamental ratios:
|Last Fiscal Period||FY2019.Q2|
|Period End Date||June 30, 2019|
|Stock Price (Current)||$33.55|
|P/E Ratio (Fwd)||-243.6x|
|Total Debt to Capital (%)||0.5%|
|Levered Free Cash Flow||-$4.919 million|
|Enterprise Value / EBITDA||-585.9x|
Company Profile: Datadog, Inc.
Datadog, Inc. is a mid-cap stock with a market capitalization of $9.845 billion and a total enterprise value of $9.982 billion. The company operates in the Information Technology sector and Software industry.
Datadog, Inc. provides monitoring and analytics platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. Its SaaS platform integrates and automates infrastructure monitoring, application performance monitoring, and log management to provide real-time observability of customers technology stack. The company was founded in 2010 and is headquartered in New York, New York.