Do Investors Think Datadog or Sumo Logic Grow More in the Next 5 Years?
Benzinga surveyed more than 400 investors to get opinions on 5-year growth expectations for DDOG versus SUMO, according to Benzinga.
The survey was conducted in November 2020 and was taken from a diverse pool of investors over the age of 18.
Datadog is a monitoring and analytics platform for developers, IT operations teams, and business users. The offerings allow work-from-home companies access to beneficial tools. In Datadog's third-quarter earnings, the company reported a YoY revenue increase of 61.35 percent to $154.6 million. Analysts were expecting revenue of $144.3 million.
60.8 percent of survey respondents stated that Datadog would grow more over the next five years. Datadog stock is currently trading at $101.57 per share, up significantly from the 52-week low of $28.88.
Sumo Logic is known for Continuous Intelligence, a new software offering that allows companies to address issues within digital transformation, applications, and cloud computing. The company recently went public on September 17 and reported revenue of $155.1 million for the previous fiscal year. This revenue revealed 53 percent YoY growth.
“Continuous intelligence will become even more of a strategic imperative. We believe this growing adoption of cloud infrastructure across all organizations will continue to drive demand for our platform,” stated the IPO filing.
39.2 percent of survey respondents stated that Sumo Logic would grow more over the next 5 years. Sumo Logic shares currently trade at $30.11, up significantly from the 52-week low of $16.71.
This survey represents that investors are more bullish on Datadog ($DDOG) shares compared to Sumo Logic ($SUMO).