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Why Datadog Stock Soared on Tuesday

TheMotleyFool

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Shares of Datadog (NASDAQ: DDOG), which provides a monitoring and analytics platform for cloud-based systems, soared by as much as 24% Tuesday morning, and was up 22.4% as of 1:15 p.m. EDT.

The stock's sharp rise came on the heels of an impressive first-quarter report that featured skyrocketing revenue and an expanding gross profit margin.

Image source: Getty Images.

Source Fool.com

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