Published on 24 May 2024 on Simply Wall St. via Yahoo Finance
With its stock down 5.7% over the past three months, it is easy to disregard Datadog (NASDAQ:DDOG). But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. Specifically, we decided to study Datadog's ROE in this article.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. In short, ROE shows the profit each dollar generates with respect to its shareholder investments.