Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

Nov. 12, 2019, 4:25 p.m. EST

Datadog stock jumps more than 10% after post-IPO earnings report

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Datadog Inc. Cl A (DDOG)

or Cancel Already have a watchlist? Log In

By Jeremy C. Owens

DDOG

Datadog Inc. /zigman2/quotes/214127379/composite DDOG -0.14% received strong early reviews in its earnings debut Tuesday afternoon, as shares jumped more than 10% following its first report since going public. The enterprise-software company, which specializes in monitoring and overseeing cloud-based network traffic, priced its IPO at $27 a share in September, and has traded higher than that price since. On Tuesday, it reported third-quarter losses of $4.2 million, or 4 cents a share, on sales of $95.9 million, up from $51.1 million a year ago. After adjusting for stock-based compensation and other effects, the company reported profit of $695,000, less than a penny a share. Analysts on average expected adjusted losses of 14 cents a share on sales of $84.7 million, according to FactSet. The company also said it expects to surpass $100 million in quarterly revenue in the fourth quarter, easily surpassing analysts' average estimate of $92.3 million, and adjusted losses of 11 cents to 12 cents for the full year on revenue of at least $350 million. Analysts had been projecting full-year adjusted losses of 30 cents a share on sales of $330.1 million, according to FactSet. After closing with a 2.5% gain at $34.40 Tuesday, shares popped to around $39 in the extended session following release of the results.

/zigman2/quotes/214127379/composite
US : U.S.: Nasdaq
$ 96.00
-0.13 -0.14%
Volume: 3.22M
July 9, 2020 1:16p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.78 billion
Rev. per Employee
N/A
loading...

Get news alerts on Datadog Inc. Cl A — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.