Is Datadog Stock Set for a Breakout?
Although it used to be a popular pick in the software-as-a-service space, 's (NASDAQ: DDOG) popularity has taken a back seat to companies focused on artificial intelligence (AI). While Datadog has some AI characteristics built into its platform, it's not devoted to the technology.
However, not being involved in the AI hype wave is actually a bonus for prospective and current shareholders as it allows investors to accurately assess the company from a more neutral standpoint. So with that in mind, is Datadog stock set for a breakout? Read on to find out.
Datadog's primary mission is to ensure all of a client's techn stacks integrate properly. In a modern business, multiple data streams are feeding various cloud or on-premise programs, and detecting when there is an issue with data flow can be problematic as it can be days before anyone realizes something was broken. Additionally, these data streams can be subject to cyber attacks, and protecting proprietary information is a huge challenge in today's digital environment.
Source Fool.com
