Datadog is a provider of monitoring and security software for cloud-based applications.
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Datadog shares were significantly high Thursday after the security-software provider beat fourth-quarter earnings estimates and provided an upbeat outlook.
The company earned 20 cents a share in the fourth quarter from revenue of $326.2 million. Analysts surveyed by FactSet expected Datadog (ticker: DDOG) to report 11 cents a share , with revenue of $291.5 million. A year earlier, Datadog earned 6 cents a share from sales of $177.5 million.
The stock was up 14.5% to $178.00 in premarket trading Thursday.
For the full fiscal year 2022, Datadog expects revenue between $1.51 billion and $1.53 billion, above analysts’ consensus call of $1.40 billion.
“We continue to believe we’re in early days with our opportunities in observability. And we are just starting our efforts in cloud security and developer-focused products,” said CEO Olivier Pomel.
For the first quarter, the company expects revenue between $334 million and $339 million, beating analysts’ estimates of $306.4 million.
Write to Karishma Vanjani at [email protected]
