Better Buy: Slack Technologies vs. Datadog
Slack (NYSE: WORK) and Datadog (NASDAQ: DDOG) were both major software IPOs last year. Slack, which went public via a direct listing last April, provides streamlined communication tools that help companies replace traditional emails and phone calls. Datadog, which arrived via a traditional IPO last September, helps companies analyze their full infrastructure -- including cloud services, servers, apps, services, and more -- on a single real-time dashboard.
Both companies provide innovative services, but investors clearly favored Datadog over Slack. Datadog's stock has more than tripled from its IPO price of $27 per share, while Slack's stock has risen less than 20% from its initial price of $26 per share. Let's see why Datadog attracted more bulls, and whether that trend will continue.
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Source Fool.com
