How Datadog Could Gain from the CrowdStrike Outage: A Look at This Promising SaaS Stock

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While AI stocks have rallied this year, the SaaS sector has posted mixed returns. Some former high-flyers, like Salesforce ($CRM), are even down for the year, despite the market's solid performance.

Datadog ($DDOG) is another former high-flying SaaS stock that’s underperformed this year, with only a 1.5% increase. But if we zoom out, we’ll see that DDOG has rallied 230% since its public debut in 2019, a great performance.

This year's lackluster stock return allows investors to scoop up shares of this rapidly growing, profitable SaaS company at attractive prices. The digitalization of our world and the growing complexity of digital ecosystems increase the demand for Datadog’s digital monitoring solutions. As a leader in the digital monitoring space, it’s well-positioned to continue its rapid growth for the foreseeable future, making Datadog stock a good investment. Also, the recent CrowdStrike outage is likely to benefit the company, creating a buying opportunity at current prices. Let’s delve deeper.

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