Datadog Soars on AI & Cloud Wins in Q3: Time to Buy the Stock?

Datadog (DDOG) delivered impressive third-quarter results, demonstrating robust growth and strategic execution. The company reported revenues of $690 million, marking a substantial 26% year-over-year increase and exceeding the high end of its guided range besides beating the Zacks Consensus Estimate by 4.15%.The company reported third-quarter 2024 non-GAAP earnings of 46 cents, which increased 27.8% from the year-ago quarter and beat the Zacks Consensus Estimate by 17.95%.With approximately 29,200 customers ...