Datadog Stock Soars After Earnings Top Estimates

Datadog shares are up around 30% after the software company reported better third quarter results than Wall Street expected.

Adjusted earnings per share of 45 cents were better than the 34 cents analysts expected. The cloud-security company also offered an upbeat sales forecast, projecting next quarter’s revenue between $564 and $568 million.

Datadog shares are now up about 40% for the year.

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