Reported about 4 hours ago
Datadog expects fourth-quarter earnings to surpass Wall Street estimates, fueled by growing demand for its cloud-security products amidst the rise of artificial intelligence. The company forecasts revenues between $912 million and $916 million, exceeding analysts' predictions, and anticipates adjusted profits per share of 54 to 56 cents. With its shares rising significantly this year, Datadog's strong performance aligns with increased AI usage and cloud migration, positioning it for a successful final quarter.
Source: YAHOO