We recently published 10 Stocks Soaring Past Expectations. Datadog Inc. (NASDAQ:DDOG) is one of the big names that led last week’s charge.
Datadog saw its share prices jump by 17.46 percent week-on-week, as investors took heart from the company’s higher revenue growth expectations for full-year 2025.
In an updated report earlier this week, Datadog Inc. (NASDAQ:DDOG) raised its guidance for full-year revenues to a range of $3.386 billion to $3.39 billion from the $3.312 billion to $3.322 billion previously.
Earnings per share (EPS) are likewise raised to a range of $2 to $2.02 from $1.80 to $1.83 expected earlier.
Photo by Rodeo Project Management Software on Unsplash
For the fourth quarter alone, Datadog Inc. (NASDAQ:DDOG) projects revenues between $912 million and $916 million, while EPS is pegged at $0.54 to $.056, assuming approximately 367 million weighted average diluted shares outstanding.
The updated outlook was encouraged by a strong revenue performance in the third quarter of the year, having incurred 28 percent higher revenues of $885.6 million versus $690 million year-on-year.
Net income, however, dwindled by 34 percent to $33.88 million from $51.70 million in the same period last year.
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Disclosure: None. This article is originally published at Insider Monkey.
