This Datadog Competitor Has Doubled Since Last Year, but No One Is Talking About It
Datadog (NASDAQ: DDOG) has been one of the breakout winners among cloud stocks this year. The software-as-a-service (SaaS) provider of an infrastructure monitoring and analytics platform has jumped about 140% this year and has more than tripled since its bottom during the market crash in March.
The stock surged after a blowout first-quarter earnings report that included revenue growth of 87% to $131 million, and the company saw its base of larger customers (those generating more than $100,000 in annual recurring revenue) nearly double from a year ago.
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Source Fool.com
