Datadog Shares Soar by Most in Over Six Years on Higher Outlook

Datadog shares surged the most in more than six years after the company raised its full-year outlook for sales and earnings, significantly topping Wall Street expectations. The updated guidance signals stronger revenue and profit momentum and likely supports a higher valuation for the stock.

Analysis

Datadog shares surged the most in more than six years after the company raised its full-year outlook for sales and earnings, significantly topping Wall Street expectations. The updated guidance signals stronger revenue and profit momentum and likely supports a higher valuation for the stock.