Why Datadog Stock Popped 21.4% in November
Shares of Datadog (NASDAQ: DDOG) climbed 21.4% in November, according to data from S&P Global Market Intelligence, after the recently IPO'd data-analytics specialist announced strong third-quarter 2019 results.
Datadog stock surged nearly 17% on Nov. 13 -- the first trading day after its quarterly report hit the wires -- with the company showcasing an 88% increase in revenue to $95.9 million and a modest $0.7 million in adjusted net income (or roughly breakeven on a per-share basis). Most analysts were modeling an adjusted loss of $0.14 per share on revenue of $84.7 million.
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Source Fool.com
