OLO - OLO

Ultime notizie per Olo (NYSE:OLO) Azioni

Olo Inc is an open Software as a Service platform for restaurants. Its platform powers restaurant brands' on-demand digital commerce operations, enabling digital ordering, delivery, front-of-house management, and payments, while further strengthening and enhancing restaurants' direct guest relationships. The company generates revenue from providing its customers access to its platform.

Olo Inc

News

Guidance

Olo Reduces Workforce By ~9%; Estimates It Will Incur Charges Of ~$2.2M-$2.6M In Connection With Workforce Reduction, Which Is Expected To Be Incurred Q3

Lake Street analyst Eric Martinuzzi maintains Olo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) with a Buy and raises the price target from $8.5 to $9.

Price Target

Analyst Ratings

Lake Street Maintains Buy on Olo, Raises Price Target to $9

RBC Capital analyst Matthew Hedberg maintains Olo (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/olo#NYSE">OLO</a>) with a Outperform and raises the price target from $7 to $8.RBC Capital analyst Matthew Hedberg maintains Olo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) with a Outperform and raises the price target from $7 to $8.

Small Cap

RBC Capital Maintains Outperform on Olo, Raises Price Target to $8

Shares of Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) rose sharply in today's pre-market trading after the company reported better-than-expected <a href="https://www.benzinga.com/news/24/07/40082489/carvana-q2-earnings-revenue-beat-eps-beat-vehicle-sales-jump-33-upbeat-guidance-and-more">second-quarter financial results</a>.
Carvana reported second-quarter revenue of $3.41 billion, beating the consensus estimate of $3.244 billion, according to Benzinga Pro. The used car retailer reported quarterly earnings of 14 cents per share, beating analyst estimates for a loss of 12 cents per share.
Carvana shares jumped 13.4% to $151.12 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>FSD Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUGE#NASDAQ">HUGE</a>) gained 55.2% to $0.1568 in pre-market trading after falling 7% on Wednesday.</li>
<li>Immuneering Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMRX#NASDAQ">IMRX</a>) gained 37.2% to $1.55 in pre-market trading after the company announced that IMM-1-104 was granted Fast Track designation from the FDA.</li>
<li>CareDx, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNA#NASDAQ">CDNA</a>) rose 23% to $24.58 in today's pre-market trading after the company reported better-than-expected second-quarter financial results.</li>
<li>MediaAlpha, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAX#NYSE">MAX</a>) jumped 22.1% to $17.91 in pre-market trading after the company reported better-than-expected second-quarter financial results.</li>
<li>Bone Biologics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBLG#NASDAQ">BBLG</a>) shares gained 20.8% to $2.61 in pre-market trading after gaining 23% on Wednesday.</li>
<li>Olo Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) shares gained 19.1% to $5.69 in pre-market trading after the company reported better-than-expected second-quarter sales results.</li>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) shares rose 17.5% to $8.31 in pre-market trading following upbeat quarterly results.</li>
<li>Kaixin Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares gained 17.5% to $0.1308 in pre-market trading after the company announced it received a non-compliance notification from the Nasdaq.</li>
<li>Rush Street Interactive, Inc. (NYSE RSI) shares rose 16.8% to $11.69 in pre-market trading after the company reported better-than-expected second-quarter earnings and raised FY24 revenue forecast.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>ALX Oncology Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALXO#NASDAQ">ALXO</a>) shares dipped 25.8% to $3.56 in pre-market trading. The company announced it will host an investor call and webcast to share topline data results from the Phase 2 ASPEN-06 clinical trial evaluating evorpacept for the treatment of advanced HER2-positive gastric cancer.</li>
<li>noco-noco Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) shares fell 21.9% to $0.2240 in pre-market trading after jumping 88% on Wednesday.</li>
<li>Alphatec Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATEC#NASDAQ">ATEC</a>) shares declined 18.9% to $8.19 in pre-market trading after the company reported second-quarter results.</li>
<li>Udemy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UDMY#NASDAQ">UDMY</a>) fell 16.7% to $7.70 pre-market trading after the company reported mixed second-quarter financial results.</li>
<li>Teladoc Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) shares declined 16.3% to $7.89 in pre-market trading following weak quarterly sales results.</li>
<li>Tenable Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TENB#NASDAQ">TENB</a>) shares fell 14% to $39.51 in pre-market trading after the company reported second-quarter financial results.</li>
<li>Standard Biotools Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAB#NASDAQ">LAB</a>) dipped 12.9% to $1.95 in pre-market trading after the company posted weak second-quarter results.</li>
<li>Confluent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) shares declined 11.1% to $22.24 in pre-market trading after the company reported second-quarter financial results and issued third-quarter EPS guidance below estimates.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) shares fell 9.6% to $130.28 in pre-market trading following weak second-quarter guidance.</li>
<li>Western Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) fell 6.3% to $ 62.81 in today's pre-market trading after the company reported its fourth-quarter financial results.</li>
</ul>
Now Read This:
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<li> <a href="https://www.benzinga.com/markets/24/07/40067769/wall-streets-most-accurate-analysts-weigh-in-on-3-industrials-stocks-with-over-4-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Industrials Stocks With Over 4% Dividend Yields</a></li>
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Pre-Market Outlook

Markets

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Trading Ideas

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Why Carvana Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket

WIIM

Olo shares are trading higher after the company reported better-than-expected Q2 sales results and issued strong guidance.

Piper Sandler analyst Clarke Jeffries maintains Olo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) with a Overweight and maintains $8 price target.

Piper Sandler Maintains Overweight on Olo, Maintains $8 Price Target

Olo Sees Q3 Revenue $70.8M-$71.3M vs $69.09M Est., Sees FY24 Revenue $279.5M-$280.5M vs $275.54M Est.

Olo shares are trading higher after the company reported better-than-expected Q2 sales results.

Olo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) reported quarterly earnings of $0.05 per share which met the analyst consensus estimate. The company reported quarterly sales of $70.504 million which beat the analyst consensus estimate of $67.748 million by 4.07 percent. This is a 27.61 percent increase over sales of $55.251 million the same period last year.

Earnings

Earnings Beats

Olo Q2 2024 Adj. EPS $0.05, Inline, Sales $70.504M Beat $67.748M Estimate

GRUBBRR Partners With Olo To Streamline Restaurant Operations With Integrated Self-Ordering And Payment Solutions; Combines Self-Ordering Kiosks And Digital Menu Boards With Olo's Ordering And Payment Processing Capabilities

Bottle Rocket Announces Strategic Partnership With Olo To Redefine Digital Guest Experience; Collaboration Combines Bottle Rocket's Application Design And Development With Olo's Digital Ordering Platform Trusted By Over 700 Restaurant Brands

Olo Inc. Expands Partnership With TRAY To Offer Olo Pay Card-Present Payment Processing Via POS And Integrate With Olo Engage Product Suite

Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>) shares are trading higher Wednesday after the company posted better-than-expected first-quarter financial results and <a href="https://www.benzinga.com/pressreleases/24/05/b38681318/dutch-bros-inc-reports-first-quarter-2024-financial-results">raised its full-year revenue guidance.&nbsp;</a>
The Details:
Dutch Bros reported quarterly earnings of 9 cents per share which beat the analyst consensus estimate of 2 cents by 350%.
Quarterly sales clocked in at $275.1 million, beating the analyst consensus estimate of $254.5 million by 8.09% and representing a 39.46% increase over sales of $197.27 million from the same period last year.
The company delivered 10% same shop sales growth and tied its record for new shop openings. Company-operated shop revenues increased 43.3% to $248.1 million, as compared to $173.2 million in the same period of 2023.
Dutch Bros also<a href="https://www.benzinga.com/pressreleases/24/05/b38681291/dutch-bros-partners-with-olo-to-offer-mobile-app-ordering-and-payment"> announced</a> it has selected Olo, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) to enable ordering and payment through its mobile app for the first time across all of its locations nationwide.
&#8220;We are pleased with our performance in the first quarter &#8211; we delivered exceptional results and witnessed the momentum we saw leaving 2023 continue into Q1. Headlining Q1 performance was 10.0% system same shop sales growth, the strongest single quarter since Q4 2021, and 39% year-over-year growth in revenue to $275 million,"&nbsp; said Christine Barone, CEO of Dutch Bros.&nbsp;
Outlook:&nbsp;
Dutch Bros revised its full-year 2024 revenue outlook from between $1.19 billion and $1.205 billion to between $1.2 billion and $1.215 billion, versus the $1.2 billion estimate. The company expects total system shop openings in 2024 to remain in the range of between 150 and 165.&nbsp;
Wedbush analyst Nick Setyan maintained Dutch Bros with an Outperform and raised the price target from $37 to $39 following the print.&nbsp;
Related News: <a href="https://www.benzinga.com/news/earnings/24/05/38683061/reddit-shares-soar-on-first-post-ipo-q1-results-strong-q2-guidance">Reddit Shares Soar On First Post-IPO Q1 Results, Strong Q2 Guidance</a>
<h2 class="wp-block-heading">How To Buy BROS Stock: </h2>
By now you're likely curious about how to participate in the market for Dutch Bros &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Dutch Bros, which is trading at $30.62 as of publishing time, $100 would buy you 3.27 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
BROS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Dutch Bros shares are up 12% at $31.82 at the time of publication Wednesday.
Image: Chris from Pixabay

BROS

Dutch Bros Stock Climbs After Blockbuster Q1 Results

Olo shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 and FY24 revenue guidance above estimates.

<h3>Gainers</h3>
<ul>
<li>Soluna Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNH#NASDAQ">SLNH</a>) shares moved upwards by 16.5% to $2.83 during Wednesday's pre-market session. The company's market cap stands at $10.7 million. </li>
<li>RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) stock moved upwards by 13.33% to $33.99. The market value of their outstanding shares is at $3.1 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Mawson Infra Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) stock rose 13.15% to $1.29. The market value of their outstanding shares is at $22.5 million. </li>
<li>Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) stock increased by 12.47% to $102.5. The company's market cap stands at $5.5 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Olo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) stock moved upwards by 9.38% to $5.13. The market value of their outstanding shares is at $826.1 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Veritone (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERI#NASDAQ">VERI</a>) shares rose 8.77% to $3.62. The market value of their outstanding shares is at $136.5 million. As per the news, the Q1 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>DoubleVerify Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) stock declined by 40.8% to $18.1 during Wednesday's pre-market session. The market value of their outstanding shares is at $3.1 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Alpha Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATGL#NASDAQ">ATGL</a>) stock declined by 8.12% to $3.85. The market value of their outstanding shares is at $58.7 million. </li>
<li>Corsair Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) shares decreased by 7.49% to $10.88. The company's market cap stands at $1.1 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock declined by 7.33% to $0.42. The company's market cap stands at $6.9 million. </li>
<li>Twilio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) shares declined by 6.9% to $59.0. The market value of their outstanding shares is at $10.3 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>Auddia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUUD#NASDAQ">AUUD</a>) stock declined by 6.9% to $1.62. The company's market cap stands at $3.8 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATGL

AUUD

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CRUS

MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

MIGI

SLNH

TWLO

VERI

12 Information Technology Stocks Moving In Wednesday's Pre-Market Session

Olo Expects Q2 Revenue Of $67.5M-$68M (Est $66.221M), Raises FY24 Revenue Outlook From $269M-$272M To $274.5M-$276.5M (Est $271.106M)

Olo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $0.04 by 25 percent. This is a 150 percent increase over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $66.511 million which beat the analyst consensus estimate of $64.293 million by 3.45 percent. This is a 27.32 percent increase over sales of $52.240 million the same period last year.

Olo Q1 2024 Adj EPS $0.05 Beats $0.04 Estimate, Sales $66.511M Beat $64.293M Estimate

<h3>Gainers</h3>
<ul>
<li>RingCentral (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) stock moved upwards by 13.0% to $33.9 during Tuesday's after-market session. The market value of their outstanding shares is at $3.1 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) shares increased by 10.83% to $101.0. The company's market cap stands at $5.4 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Synchronoss Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) stock rose 9.89% to $7.55. The market value of their outstanding shares is at $77.8 million. The company's, Q1 earnings came out today. </li>
<li>Olo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>) stock rose 9.8% to $5.15. The company's market cap stands at $829.3 million. The company's, Q1 earnings came out today. </li>
<li>Kyndryl Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) stock moved upwards by 8.32% to $22.5. The company's market cap stands at $5.1 billion. The company's, Q4 earnings came out today. </li>
<li>Rubicon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) stock increased by 7.34% to $0.32. The company's market cap stands at $16.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>DoubleVerify Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) stock declined by 26.4% to $22.5 during Tuesday's after-market session. The company's market cap stands at $3.8 billion. The company's, Q1 earnings came out today. </li>
<li>Crexendo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXDO#NASDAQ">CXDO</a>) shares declined by 6.24% to $4.36. The market value of their outstanding shares is at $114.5 million. As per the press release, Q1 earnings came out today. </li>
<li>Twilio (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) stock decreased by 5.64% to $59.8. The company's market cap stands at $10.4 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) shares decreased by 4.67% to $0.33. The company's market cap stands at $21.4 million. </li>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) stock fell 4.32% to $1.11. The market value of their outstanding shares is at $48.9 million. </li>
<li>Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) stock declined by 3.94% to $44.0. The company's market cap stands at $2.7 billion. As per the news, the Q1 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AIRE

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12 Information Technology Stocks Moving In Tuesday's After-Market Session

Fast-growing drive-thru coffee chain implementing Olo's Order and Pay products at all 850 locations
Dutch Bros has selected <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.olo.com%2F&amp;esheet=53976625&amp;newsitemid=20240507982994&amp;lan=en-US&amp;anchor=Olo&amp;index=1&amp;md5=a36e14d7e5ad0268472ba5158d94fee2">Olo</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLO#NYSE">OLO</a>), a leading restaurant technology provider, to enable seamless ordering and payment through its mobile app for the first time. Rolling out across all of its locations nationwide, Dutch Bros will deploy Olo <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.olo.com%2Fordering&amp;esheet=53976625&amp;newsitemid=20240507982994&amp;lan=en-US&amp;anchor=Order&amp;index=2&amp;md5=f79380dbca3a146bd0703f26c3c25a42">Order</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.olo.com%2Fpay&amp;esheet=53976625&amp;newsitemid=20240507982994&amp;lan=en-US&amp;anchor=Pay&amp;index=3&amp;md5=9d1d2b2e90cd0f07b88db7470acbf956">Pay</a> to boost operational efficiency at the drive-thru and streamline the ordering and payment experience for guests.
"Our biggest priority is our people," said Leigh Gower, Chief Technology Officer at Dutch Bros. "As we seek out ways to enhance the drive-thru experience while maintaining our signature people-first culture, we're thrilled to partner with Olo to offer flexible mobile ordering and payment options for our widespread customer base. This combination of digital and personal interaction will unlock massive opportunity for our brand as we continue to deliver on our core values of speed, quality, and service on our path to 4,000 shops."
Anticipating availability brand-wide by the end of this year, Dutch Bros digital ordering and payment capabilities will empower guests with the ability to order and pay for their favorite beverages before arriving at the drive-thru from their own mobile device. Not only will this appeal to guests seeking speed and convenience, but it will also expedite the transaction process for employees. For added ease, Olo's flexible platform allows payment via Google Pay and Apple Pay in Mobile Wallets. In addition, Olo's Order and Pay products easily integrate into Dutch Bros' existing mobile app and Dutch Rewards program, ensuring no interruption to the millions of guests already enrolled.
"Dutch Bros is a beloved brand known for delighting guests with delicious handcrafted beverages on-the-go with total efficiency," said Noah Glass, Founder &amp; CEO at Olo. "I founded Olo nearly 19 years ago, based on my desire to avoid long lines and grab a quick cup of coffee on my morning commute. It's great to see brands like Dutch Bros lean into digital innovation to remove friction from the guest experience, speed up operations, and increase team member satisfaction. We're honored to be Dutch Bros' partner in powering mobile ordering and payment."
Dutch Bros is leveraging Olo's Order and Pay products across seven locations to-date and expects to complete deployment at all of its more than 850 locations across 17 states by the end of 2024.
To learn more about Olo's product suites, please visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fprotect-us.mimecast.com%2Fs%2Fs3BhCERZ0nIRD6RkSNHa0R%3Fdomain%3Dolo.com&amp;esheet=53976625&amp;newsitemid=20240507982994&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.olo.com%2Fwhat-is-olo&amp;index=4&amp;md5=0d315b74a0c764016fa1d3c9cc2d8b61">https://www.olo.com/what-is-olo</a> and request a demo here: <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.olo.com%2Fcontact%2Frequest-demo&amp;esheet=53976625&amp;newsitemid=20240507982994&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.olo.com%2Fcontact%2Frequest-demo&amp;index=5&amp;md5=937541aca9f8de814a99bd443d959d57">https://www.olo.com/contact/request-demo</a>.

Dutch Bros Partners With Olo To Offer Mobile App Ordering And Payment

Olo Inc. 2024 Q2 - Results - Earnings Call Presentation

Olo Inc. (OLO) Q2 2024 Earnings Call Transcript

In a report released today, Terry Tillman from Truist Financial reiterated a Buy rating on Olo (OLO – Research Report). The company's shares closed...

Truist Financial Reaffirms Their Buy Rating on Olo (OLO)

In a report released today, Gabriela Borges from Goldman Sachs maintained a Hold rating on Olo (OLO – Research Report). The company's shares closed...

Olo (OLO) Receives a Hold from Goldman Sachs

Olo Improves Results, But Consumer Demand Is Softening

Datadog (DDOG) reported mixed financial results in the second quarter of 2024. While the cloud-based monitoring and analytics platform operator's long-term outlook appears bright with strategic investments and innovations, it faces mixed analysts' expectations and rigid competition. So, should you buy or hold this stock? Read more to find out... Datadog, Inc. (<a href="https://stocknews.com/stock/DDOG/">DDOG</a>) is an operator of an observability and security platform for cloud applications. It offers a wide range of products, including infrastructure and application performance monitoring, log management, digital experience monitoring, and database monitoring.
The company easily beat the analysts' estimates in the last reported quarter. It reported second-quarter revenue of $645.28 million, exceeding analysts' expectations of $625.10 million. Its EPS came in at $0.43, compared to the consensus estimate of $0.36.
During the second quarter, Datadog introduced various new products and capabilities like Datadog Kubernetes Autoscaling and Log Workspaces. The company continued its efforts of delivering innovations to cater to the customers and help them observe their environments, secure their infrastructures and workloads, and take necessary measures to remediate problems actively.
Olivier Pomel, co-founder and CEO of Datadog, commented, "Datadog executed well in the second quarter, with 27% year-over-year revenue growth, continued customer growth, and expanding multi-product adoption across our platform."
Datadog holds strong leadership in cloud monitoring and analytics in the cloud computing segment. The segment refers to the on-demand seamless access of computing resources consisting of servers, storage, databases, networking, software, analytics, and intelligence over the Internet.
However, DDOG competes with other leading cloud computing-centric companies driven by AI. These include Domo Inc. (<a href="https://stocknews.com/stock/DOMO/">DOMO</a>), Okta Inc. (<a href="https://stocknews.com/stock/OKTA/">OKTA</a>), Olo Inc. (<a href="https://stocknews.com/stock/OLO/">OLO</a>), and Workday Inc. (<a href="https://stocknews.com/stock/WDAY/">WDAY</a>), which are set to deliver significant returns in the mid to long term. This can result in compromised profitability for DDOG as companies strive to leverage AI and enhance their capabilities and offerings
As per the company's third-quarter 2024 outlook, DDOG expects revenue between $660 million and $664 million. Its non-GAAP operating income is anticipated to be $146 million - $150 million, while non-GAAP net income per share is set to be $0.38 to $0.40.
For the full year 2024, Datadog's revenue is expected to range from $2.62 billion to $2.63 billion. The company's non-GAAP operating income is expected to be between $620 million and $630 million. And non-GAAP net income per share is projected to be $1.62 - $1.66.
Shares of DDOG have gained 8% over the past month and 12.3% over the past year to close its last trading session at $110.09. However, the stock has declined 10.9% over the past six months.
Let's look at factors that could influence DDOG's performance in the upcoming months.
Positive Recent Developments
On June 26, DDOG unveiled Datadog Kubernetes Autoscaling, a set of capabilities that intelligently automates resource optimization and automatically scales customers' Kubernetes environments based on real-time and historical utilization metrics. This made DDOG the first observability vendor to offer its customers to make changes to their Kubernetes environments.
Also, on the same day, the company launched Log Workspaces, a suite of capabilities in a powerful, collaborative space enabling analysts and engineers from all teams in an organization to connect logs and other datasets and build multi-stage queries to answer complex questions on business, security and application issues of sophisticated analytics.
Datadog also announced new additions to its security product portfolio, including Agentless Scanning, Data Security, and Code Security, allowing DevOps and security teams to easily secure their code, cloud environments, and production applications.
Mixed Financials
For the second quarter that ended June 30, 2024, DDOG's revenue increased 26.6% year-over-year to $645.28 million. However, its cost of revenue also increased 21.3% year-over-year to $123.50 million. The company's non-GAAP <a href="https://www.investopedia.com/terms/g/grossprofit.asp#:~:text=Gross%20profit%2C%20or%20gross%20income,fluctuate%20compared%20to%20production%20output.">gross profit</a> grew 27.9% from the year-ago value to $529.52 million, while the non-GAAP operating income of $157.54 million reflects an increase of 48% from the prior year's quarter.
Furthermore, the company's non-GAAP net income after non-GAAP tax adjustments came in at $152.96 million and $0.43 per share, up 50.8% and 48.3% year-over-year, respectively. Also, its free cash flow increased 1.4% year-over-year to $143.78 million.
However, the company's total liabilities stood at $2.01 billion as of June 30, 2024, compared to $1.91 billion as of December 31, 2023.
Favorable Historical Growth
DDOG's revenue grew at a CAGR of 46.3% over the past three years. Its tangible book value increased at a CAGR of 47.2% over the same period, while the company's total assets grew at a CAGR of 28.6% over the same time frame.
However, the company's levered free cash flow increased at a CAGR of 81.2% over the same timeframe.
Mixed Analyst Estimates
Analysts expect DDOG's revenue for the third quarter (ending September 2024) to come in at $664.75 million, indicating an increase of 21.4% year-over-year. However, its consensus EPS estimate of $0.40 for the same period reflects a 12.1% year-over-year decline. The company has surpassed the consensus revenue and EPS estimates in all of the trailing four quarters.
Further, for the fiscal year 2024, the company's revenue and EPS are anticipated to grow 23.7% and 26.8% year-over-year to $2.63 billion and $1.67, respectively. In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 22.3% and 16.1% from the prior year to $3.22 billion and $1.94, respectively.
Elevated Valuation
In terms of forward EV/Sales, DDOG is currently trading at 13.34x, 380.6% higher than the industry average of 2.78x. The stock's forward non-GAAP P/E and Price/Sales of 65.75x and 14.10x are considerably higher than the industry average of 22.90x and 2.77x, respectively.
Additionally, the stock's forward EV/EBITDA and Price/Book of 52.02x and 14.18x are 271.4% and 251.6% higher than the industry averages of 14.01x and 4.03x, respectively.
POWR Ratings Reflect Uncertainty
DDOG's mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to a Neutral in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. DDOG has an A grade for Growth, in sync with its favorable historical growth.
However, the stock has a D grade for Value and Stability, consistent with its elevated valuation and mixed analysts' estimates.
DDOG is ranked #17 among the 39 stocks in the <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry.
Beyond what I have stated above, we have also given DDOG grades for Momentum, Sentiment, and Quality. Get access to all the DDOG ratings <a href="https://stocknews.com/stock/DDOG/">here</a>.
Bottom Line
DDOG reported mixed financial results in the last reported quarter. Further, the company's long-term prospects appear promising, driven by its strategic investments and continuous innovations. However, it continues to grapple with increasing cost of expenses and rising competition from its peers.
Given DDOG's mixed financials and elevated valuation, waiting for a better entry point in this stock seems prudent.
Stocks to Consider Instead of Datadog, Inc. (DDOG)
Given its near-term uncertain prospects, the odds of DDOG outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these A (Strong Buy) or B (Buy) stocks from the <a href="https://stocknews.com/category/software-business/">Software - Business</a> industry instead:
SolarWinds Corporation (<a href="https://stocknews.com/stock/SWI/">SWI</a>)
VMware Inc. (<a href="https://stocknews.com/stock/VMW/">VMW</a>)
RingCentral Inc. Cl A (<a href="https://stocknews.com/stock/RNG/">RNG</a>)
For exploring more A and B-rated software stocks, <a href="https://stocknews.com/category/software-business/">click here</a>.
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DDOG shares were trading at $107.20 per share on Friday afternoon, down $2.89 (-2.63%). Year-to-date, DDOG has declined -11.68%, versus a 14.42% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/ddog-swi-vmw-rng-domo-okta-olo-wday-with-ai-powered-analytics-is-datadog-ddog-a-stock-to-watch/>With AI-Powered Analytics, Is Datadog (DDOG) a Stock to Watch?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

With AI-Powered Analytics, Is Datadog (DDOG) a Stock to Watch?

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