Investment Review day 17 of 50: Datadog $DDOG
Datadog is a leading cloud-based monitoring and observability platform designed for modern, dynamic IT environments. It seamlessly collects metrics, traces, logs, and more from servers, databases, applications, and other cloud services, providing a unified view of a company’s entire infrastructure and applications, enabling businesses to troubleshoot problems swiftly, optimize performance, and proactively detect potential issues.
The company has a track record of robust revenue growth and improving profitability, and its strong balance sheet and positive free cash flow position it well for future investments and expansion. Datadog’s platform is also deeply integrated into its clients’ IT operations, leading to high retention rates and potential for upselling additional products and services.
I bought DDOG in Feb 2022 and added to that position in April. Overall I’m down 13%, but cloud migrations are picking up and growth is rebounding. The company’s strong increase in Remaining Performance Obligations (RPO) also suggests solid future revenues with growing customer commitments.
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I’m putting my holdings under the microscope. Over the next 50 days I’ll break down my whole investment portfolio. Wins, losses, and the ‘why’ behind it all. And on day 50 I’m going to share the full portfolio! Follow me and let’s learn together! #StockAnalysis #50daychallenge #monitoring #observability
