From Nasdaq MarketSite: 2024-07-06 18:15:00

Datadog (NASDAQ: DDOG) and PagerDuty (NYSE: PD) offer cloud-based services to help IT teams monitor and manage infrastructure. Datadog’s revenue grew at a CAGR of 67% from 2019 to 2022, but slowed to 27% in 2023. PagerDuty saw 30% CAGR revenue growth from 2020 to 2023, dropping to 16% in fiscal 2024. Datadog outperformed PagerDuty since their IPOs in 2019, with Datadog’s stock surging 388% and PagerDuty trading below its debut price. Datadog faces competition from companies like Cisco and Microsoft, while PagerDuty competes with ServiceNow. Analysts anticipate Datadog’s revenue to grow at a CAGR of 25% from 2023 to 2026, while PagerDuty’s revenue is expected to increase at a CAGR of 12% from fiscal 2024 to fiscal 2027.



Read more at Nasdaq MarketSite: Better Cloud Stock: Datadog vs. PagerDuty