Why Did Datadog Stock Climb 10% in February?
Shares of Datadog (NASDAQ: DDOG) rose 10.3% in February, according to data from S&P Global Market Intelligence. The tech stock rose sharply after a strong earnings report early in the month before giving back some of those gains in the market sell-off.
Datadog continues to impress with its operational results. The company reported earnings on Feb. 10, and the news was basically all positive. It boasted 84% revenue growth, positive net profit, and $250 million of free cash flow. This exceeded analyst estimates for both sales and earnings by a wide margin. Datadog also reported great traction with larger customers. It more than doubled the number of subscribers that produce at least $1 million in annual recurring revenue.
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Source Fool.com
