Tracking The Surge: Datadog (DDOG) Stock’s Market Momentum

Datadog, Inc. (NASDAQ: DDOG) shares are experiencing a notable surge of 5.38% in the current market, reaching $131.99 as of the last check. This significant increase in DDOG stock value coincides with the company’s announcement of its forthcoming financial report.

Datadog (DDOG) has disclosed its intention to unveil its financial performance for the first quarter of fiscal year 2024 before the opening of U.S. financial markets on Tuesday, May 7, 2024. Concurrently, Datadog will convene a conference call on that day to deliberate its financial outcomes and provide fiscal guidance.

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Additionally, Datadog has recently revealed its latest publication, the State of DevSecOps 2024. According to the findings, a considerable number of enterprises are yet to fully embrace automation in securing cloud deployments.

A noteworthy discovery indicates that at least 38% of organizations utilizing AWS have executed workloads or undertaken sensitive actions manually via the AWS console in a production environment within a 14-day timeframe. This reliance on manual operations highlights a preference for click-based actions over automated processes.

Furthermore, the adoption of infrastructure as code (IaC) exhibits variance across different cloud service providers. IaC, deemed essential in securing cloud production environments, facilitates restricted human intervention, mandates peer review for all alterations, and identifies issues at earlier stages of implementation.

Datadog’s investigation revealed that over 71% of organizations utilizing AWS employ IaC through popular technologies like Terraform, CloudFormation, or Pulumi. However, this percentage is comparatively lower in Google Cloud, standing at 55%.

Datadog asserts that these revelations underscore the necessity for enhancing automation to bolster security measures effectively. Contemporary DevOps methodologies inherently integrate robust security protocols, as security not only ensures visibility but also fosters operational excellence throughout the organizational framework.

Nonetheless, securing applications demands contextual clarity and prioritization to discern pertinent security signals from insignificant noise. For the State of DevSecOps report, Datadog scrutinized tens of thousands of applications and container images alongside numerous cloud environments to evaluate the current security posture of applications and gauge the adoption of fundamental DevSecOps principles.

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