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Why Datadog Stock Surged 22% in June

TheMotleyFool

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Why Datadog Stock Surged 22% in JunePhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png

Shares of IT monitoring software company Datadog (NASDAQ: DDOG) surged 22% in June, according to data from S&P Global Market Intelligence. The June performance was all the more impressive considering it came on the heels of a 58% gain during the month of May.

Momentum continued for Datadog, as its positive May earnings report was followed by several customer wins announced in June. These included not only the largest cloud platform on earth, Amazon.com's (NASDAQ: AMZN) Amazon Web Services (AWS), but also the U.S. government. Not too shabby.

Image source: Getty Images.

Source Fool.com

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