Datadog Announces First Quarter 2024 Financial Results
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May 7, 2024 7:44 AM EDT
RBC Capital analyst Matt Hedberg reiterated a Sector Perform rating and $151.00 price target on Datadog (NASDAQ: DDOG)
The analyst comments "Datadog reported a solid start to the year outperforming both the top and bottom line. For the quarter, revenue growth accelerated and grew +27%, a 3.8% beat vs. a 3.9% beat and +26% growth last quarter, and... More
May 7, 2024 7:17 AM EDT
(Updated - May 7, 2024 7:59 AM EDT)
Datadog, Inc. (NASDAQ: DDOG), a prominent monitoring and security platform for cloud applications, reported a robust first quarter, with earnings surpassing analyst expectations.
The company announced a $0.44 adjusted EPS for Q1, which was $0.10 higher than the analyst estimate of $0.34. Revenue for the quarter was also above expectations at $611 million, compared to the consensus estimate of $590.65 million, marking a 27% increase YoY.
Despite the earnings beat, Datadog's stock fell by 10%. The decline could be due to the company announcing that... More
May 7, 2024 7:03 AM EDT
Datadog, Inc. (NASDAQ: DDOG) reported Q1 EPS of $0.44, $0.10 better than the analyst estimate of $0.34. Revenue for the quarter came in at $611 million versus the consensus estimate of $590.65 million.
GUIDANCE:
Datadog, Inc. sees Q2 2024 EPS of $0.34-$0.36, versus the consensus of... More
