** 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))
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.