From Nasdaq: 2024-04-13 11:25:00

Datadog (NASDAQ: DDOG) surged from its IPO price of $27 to a record high of $196.56 in 2021. Market cap peaked at $61.3 billion, now at $41.8 billion. Datadog’s platform monitors cloud data in real time, with a 67% revenue growth CAGR from 2019 to 2022.

Recent slowdown attributed to macro headwinds as Datadog retains a 115% revenue retention rate and turns profitable. Market maturing with 11.7% CAGR potential growth. Datadog not looking to evolve into a tech titan like Microsoft, more likely acquisition target.

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Read more at Nasdaq: Could Datadog Become the Next Microsoft?