BUZZ-Datadog rises after beat-and-raise report

Reuters
05-06
BUZZ-<a href="https://laohu8.com/S/DDOG">Datadog</a> rises after beat-and-raise report

** Shares of Datadog DDOG.O up 2.1% premarket to $107.93 after cloud security firm's Q1 results surpass Wall Street's expectations and it raises annual forecasts

** New York-based firm posts 25% y/y rev growth in Q1 to $761.6 mln and adj EPS of 46 cents, topping LSEG estimates of $741.5 mln and 43 cents/sh, respectively

** At end-Mar, it had about 3,770 customers with annual recurring rev of $100,000 or more, up 13% from about 3,340 a year ago

** Co now sees 2025 rev of $3.215-$3.235 bln, above prior forecast of $3.176-$3.195 bln

** It anticipates annual adj EPS of $1.61-$1.72 compared to prior outlook of $1.65-$1.70

** Of 43 analysts covering DDOG, recommendation breakdown is 34 "strong buy" or "buy" and 9 "hold" ratings; median PT of $140 down from $160 a month ago

** Through Mon close, stock down 26% YTD vs Nasdaq's .IXIC 7.6% decline

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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