By Nate Wolf
Datadog stock was falling in premarket trading even as the cloud security company reported first-quarter earnings that beat Wall Street's consensus estimate.
Datadog reported an adjusted profit of 46 cents a share, beating forecasts for 43 cents. Revenue for the quarter was $762 million, up 25% from a year prior and above expectations for $741 million.
The company raised its second-quarter revenue outlook to between $787 million and $791 million, ahead of analysts' expectations of $771 million. It also increased 2025 revenue guidance to between $3.215 billion and $3.235 billion, slightly above estimates of $3.198 billion.
"Datadog executed solidly in the first quarter," said CEO Olivier Pomel. "We are innovating rapidly across the Datadog platform, to help customers observe, secure, and act to solve mission-critical business problems in their modern, cloud environments."
Datadog stock was down 1.1% before the open of trading Tuesday. Shares of the company have fallen 26% this year through Monday's close, while the futures for the Nasdaq Composite were down 1.1%.
Write to Nate Wolf at nate.wolf@barrons.com.
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
May 06, 2025 08:15 ET (12:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.