From Nasdaq: 2024-06-06 11:31:08

Datadog’s Q1 earnings surpassed estimates, with a 57.1% increase in EPS and a 26.9% rise in revenues year over year. The company ended the quarter with 28,000 customers, showing growth in ARR and product adoption. Operating income increased significantly, and guidance for Q2 and 2024 looks positive.

Estimates for Datadog have been trending upward, resulting in a Zacks Rank #1 (Strong Buy). The stock has a VGM Score of C, with strong growth potential. In comparison, Meta Platforms reported impressive revenue and EPS growth in the last quarter. Bitcoin has historically outperformed all other assets, with Zacks predicting further gains.



Read more at Nasdaq: Why Is Datadog (DDOG) Down 5.8% Since Last Earnings Report?