Datadog's Cloud Security Surge: Q4 Earnings Soar

Datadog, a leading cloud security company, has announced a positive outlook for its fourth quarter earnings, driven by increasing demand for its AI-focused security products. The companys shares have surged, with a 10% jump following the news, and it has been added to the S&P 500 index. Datadog expects fourth-quarter revenue to be between $912 million and $916 million, surpassing analyst estimates, and adjusted profit per share to be between $0.54 and $0.56. This follows a strong third quarter, where revenue climbed 28% and adjusted profit per share exceeded expectations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.