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Why Datadog Stock Exploded 25% Higher This Morning

DDOG stock is up 25% after the company reported Q3 earnings.

By Neil Rozenbaum – Nov 7, 2023 at 10:06AM EST

In this video, I will go over Datadog's (DDOG 3.31%) third-quarter earnings, which beat top- and bottom-line estimates, and explain why the company still has a long way to go. With 90% of global IT spending still on-premises, companies like Datadog will benefit from the transition to the cloud.

*Stock prices used were from the trading day of Nov. 6, 2023. The video was published on Nov. 7, 2023.

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Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Datadog. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Datadog Stock Quote
Datadog
NASDAQ: DDOG
$105.50
(-3.19%)-$3.48

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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