Datadog Inc. NASDAQ: DDOG is a cloud-based observability, monitoring and security platform for enterprise networks. The computer and technology sector leader helps companies monitor their complete infrastructure inside any application, stack and logs at any scale in real time.
Cost control exercises implemented by Datadog customers have led the company to issue cautious guidance for 2024. However, management believes that the spending environment could improve thanks to investments in new cloud applications.
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Datadog beat expectations for earnings and revenue in its fourth quarter, but issued slightly lighter-than-expected forward guidance. The cloud-based observability platform swung to positive GAAP net income and generated strong cash flow in Q4.
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