Is Datadog Stock a Buy?
Datadog (NASDAQ: DDOG) had first-quarter results that smashed expectations, and management raised its full-year guidance. But since the stock is at all-time highs after having more than recovered from the coronavirus-induced market sell-off in March, is it still a buy?
The software-as-a-service (SaaS) company should profit from the secular growth of cloud computing since it offers cloud monitoring capabilities.
Over the last several years, enterprises have been moving some of their infrastructure and applications to the cloud to have them accessible from anywhere. And recently, many employees were asked to work from home on short notice to try to limit the spread of COVID-19, which highlighted the benefits of cloud computing.
Source Fool.com
