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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Datadog, Inc.    DDOG

DATADOG, INC.

(DDOG)
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Datadog : Achieves AWS Outposts Ready Designation

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09/15/2020 | 02:14pm EDT

Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, announced today that it has achieved the AWS Outposts Ready designation, part of the Amazon Web Services (AWS) Service Ready Program. This designation recognizes that Datadog has demonstrated successful integration with AWS Outposts deployments. AWS Outposts is a fully managed service that extends AWS infrastructure, AWS services, APIs, and tools to virtually any datacenter, co-location space, or on-premises facility for a truly consistent hybrid experience.

Achieving the AWS Outposts Ready designation differentiates Datadog as an AWS Partner Network (APN) member with a product fully tested on AWS Outposts. AWS Outposts Ready products are generally available and supported for AWS customers, with clear deployment documentation for AWS Outposts. AWS Service Ready Partners have demonstrated success building products integrated with AWS services, helping AWS customers evaluate and use their technology productively, at scale and varying levels of complexity.

Deploying applications in hybrid on-premises and cloud environments is now more common for most enterprises, whether they are undergoing a cloud migration, doing business under high compliance data governance regimes, or taking advantage of ultra-low latency last mile service delivery to physically proximate locations. With AWS Outposts customers can run Amazon Elastic Compute Cloud (Amazon EC2), Amazon Elastic Block Store (Amazon EBS), container-based services such as Amazon Elastic Kubernetes Service (Amazon EKS), database services such as Amazon Relational Database (Amazon RDS) on AWS Outposts and analytics services such as Amazon EMR on premises. With certified support for AWS Outpost deployments, Datadog ensures that engineering teams have the visibility they need to maintain operational excellence in the cloud and on-premises with AWS.

“Many companies are modernizing their application performance monitoring systems by leveraging SaaS based solutions,” said Joshua Burgin, General Manager, AWS Outposts, Amazon Web Services, Inc. “We are delighted to welcome Datadog to the AWS Outposts Ready Program. Datadog for AWS Outposts can help customers monitor, troubleshoot, and optimize application performance for workloads operating on AWS Outposts, in AWS Regions, and on customer-owned hardware for a truly consistent hybrid experience.”

“Hybrid cloud architectures allow organizations to improve resilience and maintain control over their applications and data,” said Ilan Rabinovitch, Vice President of Product and Community, Datadog. “Datadog is proud to achieve AWS Outposts Ready status. Monitoring applications that span physical and virtual infrastructure, and all of the network communication in between, is critical to accelerating migrations.”

To support the seamless integration and deployment of AWS Outposts ready solutions, AWS established the AWS Outposts Ready Program to help customers identify products integrated with AWS Outposts and spend less time evaluating new tools, and more time scaling their use of products that are integrated with AWS Outpost deployments.

Datadog for AWS Outposts is generally available and supported for AWS customers, and supports varying levels of complexity at scale. The Datadog platform provides customers with comprehensive observability into their Kubernetes applications and Amazon EKS nodes on any AWS Outpost.

For more information, please visit: https://partners.amazonaws.com/partners/001E000000Rp57sIAB/Datadog%20Inc

About Datadog

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 our customers’ entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.

Forward-Looking Statements

This press release may include certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control, including those risks detailed under the caption "Risk Factors" and elsewhere in our Securities and Exchange Commission filings and reports, including the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 10, 2020, as well as future filings and reports by us. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

© Business Wire 2020

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Financials (USD)
Sales 2020 571 M - -
Net income 2020 -24,6 M - -
Net cash 2020 1 015 M - -
P/E ratio 2020 -1 253x
Yield 2020 -
Capitalization 29 433 M 29 433 M -
EV / Sales 2020 49,7x
EV / Sales 2021 36,7x
Nbr of Employees 1 403
Free-Float 60,9%
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 101,60 $
Last Close Price 101,33 $
Spread / Highest target 38,2%
Spread / Average Target 0,27%
Spread / Lowest Target -21,1%
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NameTitle
Olivier Pomel Chief Executive Officer & Director
Alexis LÍ-QuŰc President, Director & Chief Technology Officer
David M. Obstler Chief Financial Officer
Michael J. Callahan Independent Director
Shardul G. Shah Independent Director
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