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Datadog's stock soars 20% on revenue beat, strong forecast
CNBCยท 2025-11-06 16:36
Core Insights - Datadog's shares increased by 20% following the announcement of third-quarter revenue that exceeded Wall Street expectations and a strong fourth-quarter forecast [1] - The company reported third-quarter revenue of $885.7 million, representing a 28% year-over-year growth, surpassing the expected $852.8 million [1] - For the fourth quarter, Datadog anticipates revenue between $912 million and $916 million, significantly higher than Wall Street's forecast of $887 million [1] Company Developments - Datadog has been actively rolling out various AI technologies and security tools in response to the growing demand for cloud-security products driven by artificial intelligence [2] - The CEO of Datadog, Olivier Pomel, highlighted the rapid innovation by the R&D team to assist customers in addressing challenges in the AI sector [2]