Why Datadog Stock Soared on Wednesday

Datadog (NASDAQ: DDOG) was far from a dog of an investment on Wednesday. Shares of the cloud-computing analytics and monitoring specialist jumped more than 12% on the day due to a new tie-up with a mighty partner.

That partner is none other than Microsoft (NASDAQ: MSFT); Datadog will now be featured in the console of Microsoft's Azure cloud platform as a "first class service."

As Datadog explained in a press release, "This means that Azure customers will be able to implement Datadog as a monitoring solution for their cloud workloads through new streamlined workflows that cover everything from procurement to configuration." Azure users, the company says, will be able to buy a Datadog plan through the console, and immediately begin receiving the metrics from it.

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Source Fool.com