Wake That SaaS Up Daily 6/11/2026

Research evidence excerpt

Wake That SaaS Up Daily 6/11/2026

re consolidated data makes the AI more effective, more effective AI pulls customers deeper into the platform.

Our "Dashing" survey of 100+ customers makes it seems as though DDOG is running away with the market, with 1)

82% of customers expecting to grow their DDOG consumption NTM vs 75% last year, 2) 25% spending significantly

more than last year vs. 12% and 3) 59% planning to add AI Ops and 64% planning to add Bits SRE specifically. Our

floor convos revealed increased propensity to adopt new agent tooling, with customers describing Bits AI SRE as “life

changing” and “exceeding expectations,” while GPU Monitoring surfaced a "great product" and potentially an early

wedge into GPU-heavy robotics and physical AI workloads, and LLM Observability emerged as a spend governance

tool that helps customers prove AI ROI in minutes. TLDR we find ourselves underwriting a larger TAM, raising

estimates above consensus and dialing up our PT from $245 to $295, as DASH reinforces our thesis that DDOG has

one of the largest surf-boards to ride the Token Tsunami.

ZS Zenith Live 2026 - TLDR. We attended Zscaler's annual user conference, Zenith, where we sat in on the

company's investor session and surveyed and spoke with 50 customers on the conference floor. Management spent

time highlighting newly released agentic features across the platform, explaining why being in-line is so important in an

agentic future (especially when we lose the inherent security controls that were part of traditional apps), and discussed

how Mythos is driving more urgency than COVID, more security budget than before, and more demand for ZPA as

customers hide their Apps behind Zscaler. Additionally, we believe our survey work supports management's excitement