Datadog (DDOG) Growth Accelerates in the First Public Quarter - William Blair

William Blair analyst Bhavan Suri reiterated an Outperform rating on Datadog (NASDAQ: DDOG) after the company delivered a solid opening performance as a publicly traded entity. The quarter was highlighted by broad-based upside and revenue growth accelerating to 88% from 82% sequentially.

The analyst noted a strong uptake of new products stating "Datadog witnessed strong adoption of its newer products across both new and existing customers during the quarter. This was evidenced by approximately 60% of the company’s customers using two or more products at the end of the period, up meaningfully from 40% last quarter and 15% in the year-ago period".

For an analyst ratings summary and ratings history on Datadog click here. For more ratings news on Datadog click here.

Shares of Datadog closed at $38.80 yesterday.

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