Why Shares of Datadog Are Surging Today

Shares of Datadog (NASDAQ: DDOG) jumped on Wednesday after the data analytics company reported its third-quarter results. Datadog beat analyst estimates across the board, and it provided guidance that was ahead of expectations. The stock was up about 16.1% at 11:45 a.m. EST.

Datadog reported third-quarter revenue of $95.9 million, up 88% year over year and $11.2 million above the average analyst estimate. The company now has 727 customers with an annualized revenue run rate of at least $100,000, up 93% year over year.

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Source Fool.com