5 Stocks Making Headlines After Earnings Reports

4. Datadog, Inc. (NASDAQ:DDOG)

Number of Hedge Fund Holders: 62

Shares of Datadog, Inc. (NASDAQ:DDOG) jumped over 12 percent on Thursday, February 10, 2022, after delivering impressive fourth quarter results. The software solutions provider reported adjusted earnings of 20 cents per share, significantly higher than 6 cents per share in the year-ago period.

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In addition, Datadog, Inc. (NASDAQ:DDOG) posted revenue of $326.2 million, translating to a massive surge of 84 percent on a year-over-year basis. The results easily topped analysts’ average estimate of 12 cents per share for earnings of and $291.48 million for revenue.

Datadog, Inc. (NASDAQ:DDOG) also released its financial outlook for the first quarter. It expects adjusted earnings in the range of 10 – 12 cents per share and revenue between $334 – $339 million for the current quarter.