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

DATADOG, INC.

(DDOG)
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Datadog : Achieves FedRAMP Moderate-Impact “In Process” Status

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08/19/2020 | 04:09pm EDT

Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today announced it has achieved “In Process” status on the Federal Risk and Authorization Management Program (FedRAMP) Marketplace for moderate-impact SaaS. Datadog is currently working with the U.S. Department of Veterans Affairs and the General Services Administration (GSA) FedRAMP Program Management Office (PMO) to achieve FedRAMP Authorization status for Moderate Impact. This follows Datadog’s earlier FedRAMP Authorization for Low Impact SaaS workloads.

Datadog serves customers of all sizes across a wide range of industries. Achieving FedRAMP Moderate Impact “In Process”, and subsequently, Authorization, will allow U.S. federal government departments and agencies to adopt and use Datadog’s cloud platform to scale their cloud environments, troubleshoot potential issues, secure their infrastructure and applications, and provide their customers with excellent digital experiences. These capabilities are invaluable to federal, state, and local governments as they modernize their digital operations and bring their services to the public through the cloud.

“Datadog is committed to taking the first step in being recognized by the FedRAMP program so we can assist government agencies with their critical digital transformation projects,” said Ilan Rabinovitch, Vice President, Product and Community at Datadog. “We’re incredibly proud to be working with the VA and the FedRAMP PMO, and are eager to serve more public sector customers.”

In June 2020, Datadog announced it achieved FedRAMP Low Impact SaaS Authorization. Datadog also maintains active SOC 2 Type II compliance, provides HIPAA compliant log management, has achieved certification to the International Organization for Standardization’s information security standard 27001, as well as compliance with standards 27017 and 27018, and documents security controls on the Cloud Security Alliance’s Security, Trust & Assurance Registry.

For more information, please email: fedramp@datadoghq.com.

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 380x
Yield 2020 -
Capitalization 33 870 M 33 870 M -
EV / Sales 2020 57,5x
EV / Sales 2021 42,4x
Nbr of Employees 1 403
Free-Float 60,9%
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 98,93 $
Last Close Price 111,66 $
Spread / Highest target 12,8%
Spread / Average Target -11,4%
Spread / Lowest Target -28,4%
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Managers
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Olivier Pomel Chief Executive Officer & Director
Alexis L-Quc 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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