From Nasdaq: 2024-05-03 09:05:00

Datadog (DDOG) is set to release first-quarter 2024 results on May 7. Revenue is expected to be between $587 million and $591 million, with earnings of 33-35 cents per share. Datadog’s earnings have consistently beaten estimates in the past four quarters.

Factors contributing to Datadog’s performance include increased adoption of its cloud-based platform, investments in sales and marketing, and customer base growth. The company introduced new capabilities in its products to boost clientele. Datadog’s dollar-based retention rate remains strong, with customers adopting more products.

Datadog has an Earnings ESP of 0.00% and a Zacks Rank #4, indicating a potential earnings miss. Consider investing in NVIDIA (NVDA) with an Earnings ESP of +2.50% and Arista Networks (ANET) with an Earnings ESP of +2.49%.

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Read more at Nasdaq: Datadog (DDOG) to Report Q1 Earnings: What’s in the Cards?