Published on 28 Jul 2022 on Zacks via Yahoo Finance
Datadog (DDOG) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Datadog (DDOG) closed at $95.72, marking a +1.76% move from the previous day. This move outpaced the S&P 500's daily gain of 1.21%. Elsewhere, the Dow gained 1.03%, while the tech-heavy Nasdaq added 0.14%.
Prior to today's trading, shares of the data analytics and cloud monitoring company had lost 4.38% over the past month. This has lagged the Computer and Technology sector's gain of 2.22% and the S&P 500's gain of 3.2% in that time.
Datadog will be looking to display strength as it nears its next earnings release, which is expected to be August 4, 2022. On that day, Datadog is projected to report earnings of $0.14 per share, which would represent year-over-year growth of 55.56%. Our most recent consensus estimate is calling for quarterly revenue of $378.05 million, up 61.87% from the year-ago period.