Datadog Rises as Investors Look Ahead to Earnings

Datadog shares rose 1.97% to $273.85 in the latest session, even as the S&P 500 fell 0.25%. The Dow dropped 0.86%, while the Nasdaq gained 0.24%.

Over the past month, Datadog shares advanced 19.98%. That outpaced a 4% gain for the Computer and Technology sector and a 0.42% decline in the S&P 500.

Investors are looking ahead to the company's next earnings report. Zacks consensus estimates call for quarterly earnings of $0.64 a share, up 16.36% from a year earlier, and revenue of $1.14 billion, an increase of 28.88%.

For the full year, Zacks estimates earnings of $2.53 per share and revenue of $4.46 billion. Those forecasts represent year-over-year growth of 23.41% and 30.23%, respectively.

Zacks said its consensus earnings-per-share estimate had risen 0.48% over the past 30 days. The publisher also put Datadog's forward P/E, a measure comparing share price with expected earnings, at 106.34, versus an industry average of 18.78.