Datadog stock surges 30% after cloud company beats estimates, revises guidance up
Publishing timestamp: 2023-11-07 11:39:34
Summary
Datadog's stock surged nearly 30% after the company reported stronger-than-expected third-quarter earnings and full-year guidance. The company's quarterly revenue of $547.5 million exceeded estimates, and its adjusted earnings per share of 45 cents were better than expected. Datadog also raised its revenue and profit outlook for the full year. The CEO mentioned that "AI-native customers" contributed to the company's revenue during the quarter, but did not confirm specific partnerships. The surge in Datadog's stock also had a positive impact on other cloud-computing names.
Sentiment: POSITIVE
Tickers: AMZN, DDOG, MSFT, MDB, GOOGL, SNOW,
Keywords: snowflake inc., earnings, datadog inc, microsoft corp, breaking news: technology, amazon.com inc, internet, mongodb inc, alphabet inc, business news, cybersecurity, technology, breaking news, enterprise,
Source: https://www.cnbc.com/2023/11/07/datadog-stock-surges-after-earnings-strong-guidance.html