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Datadog Stock Is Joining My Watchlist. Here's Why

TheMotleyFool

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Datadog Stock Is Joining My Watchlist. Here's Why: https://g.foolcdn.com/editorial/images/718500/woman-sitting-in-front-of-computer-in-office-late-at-night-working-job-stress-businesswoman-1.jpg

Tech companies are facing a tough time as the digitalization trend that surged during the pandemic returns to normal levels. Pair that with worsening macroeconomic conditions, and top tech companies like Amazon, Alphabet, and Meta have announced massive layoffs as the environment becomes increasingly challenging.

Datadog (NASDAQ: DDOG), the monitoring and security platform for cloud applications, went against the crowd by delivering mind-blowing growth of 61% in the third quarter of 2022. Upon further inspection, there are even more reasons to like the stock.

Image source: Getty Images.

Source Fool.com

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