Is Datadog Stock a Buy Now?
As more business tools and applications move into the cloud, monitoring that these connections work with each other is vital. Maintaining data security is also a big deal as most of this processing happens offsite. (NASDAQ: DDOG) is a leader in both cloud applications, and the stock has become a popular investment.
Still, the stock is up only 20% for 2023 (still a good run) even though many of its software peers have seen their prices rise more than 50%. So, is this relative weakness a buying opportunity for Datadog stock? Let's find out.
Understanding when applications aren't working well together used to be a manual process; users had to contact IT to let them know something wasn't working properly. This could lead to significant downtime and, thus, lost productivity as they troubleshoot the problem. Datadog does all this automatically. In some cases, no human intervention is required.
Source Fool.com
