Bank of America Corp
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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company (BHC) and a financial holding company. The Company's segments include Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets. Consumer Banking segment offers a range of credit, banking and investment products and services to consumers and small businesses. The GWIM segment provides client experience through a network of financial advisors focused on clients with over $250,000 in total investable assets, including solutions to meet client's needs through a set of investment management, brokerage, banking, and retirement products. Global Banking segment provides a range of lending-related products and services, integrated working capital management and treasury solutions, and underwriting and advisory services. Global Markets segment offers sales and trading services and research services to institutional clients across fixed-income, credit, currency, commodity, and equity businesses.

Closing Price
$35.45
Day's Change
0.11 (0.31%)
Bid
--
Ask
--
B/A Size
--
Day's High
35.78
Day's Low
35.27
Volume
(Light)
Volume:
29,964,907

10-day average volume:
43,804,180
29,964,907

Datadog's 2022 Container Report Finds Organizations Expanding Container Adoption with Improved Ability to Scale and Manage Complex Environments

12:00 pm ET November 2, 2022 (PR Newswire) Print

Trends and insights from real-world usage data demonstrate how organizations' expanded container adoption drives the need for complementary technologies to rapidly scale operations and reduce security risk

Datadog, Inc. (NASDAQ: DDOG), the monitoring and security platform for cloud applications, today released the fourth edition of its Container Report, which is based on usage data from more than 1.5 billion containers run by tens of thousands of Datadog customers to understand the state of the container ecosystem.

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Containers enable organizations to accelerate delivery cycles and rapidly scale their operations to meet the demands of today's fast-paced market. Datadog's research found that engineering teams continue to expand their use of containers and that Kubernetes is more popular than ever for managing and deploying containers, with nearly 50% of container organizations using it.

Also growing with containers is the use of serverless container technologies offered by all major cloud providers. These technologies went from being used by 21% of container customers in 2020 to 36% in 2022.

The research also shows that the current proliferation of orchestration tools, public cloud-managed container technologies and service meshes has introduced potential security and compliance challenges, including 50% of container customers running unsupported versions of Kubernetes and over 30% running older, unsupported versions of containers with potential vulnerabilities.

"This survey demonstrates the undisputed strength of container and Kubernetes adoption and reveals how cloud-native organizations are moving faster with increased confidence--building and deploying larger applications and workloads in more mission-critical, production environments than ever," said Yrieix Garnier, Vice President of Product at Datadog. "Hand-in-hand with this growth, our research shows an increase in complexity that leads to potential security risks organizations should consider."

The 2022 Container Report is available now. For the full results, please visit: https://www.datadoghq.com/container-report.

About Datadog

Datadog is the monitoring and security platform for cloud applications. Our SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of our customers' entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.

Forward-Looking Statements

This press release may include certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended including statements on serverless usage growth trends and its impact on our business. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control, including those risks detailed under the caption "Risk Factors" and elsewhere in our Securities and Exchange Commission filings and reports, including the Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 8, 2022, as well as future filings and reports by us. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

ContactDan Haggertypress@datadoghq.com

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View original content to download multimedia:https://www.prnewswire.com/news-releases/datadogs-2022-container-report-finds-organizations-expanding-container-adoption-with-improved-ability-to-scale-and-manage-complex-environments-301665441.html

SOURCE Datadog, Inc.

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