Datadog (DDOG) Hits 4-Year High on Upbeat Guidance

We recently published 10 Stocks on Fire Amid Market Chaos. Datadog Inc. (NASDAQ:DDOG) is one of the best-performing stocks on Thursday.

Datadog snapped a three-day losing streak on Thursday to hit a new four-year high, as investors gobbled up shares after raising its revenue growth guidance for full-year 2025.

At intra-day trading, the stock jumped to its highest price of $194.87 before paring gains to end the day just up by 23.13 percent at $190.82 apiece.

In an updated report, Datadog Inc. (NASDAQ:DDOG) said it now expects higher full-year revenues of $3.386 billion to $3.39 billion, as compared with the $3.312 billion to $3.322 billion previously.

Earnings per share (EPS) are also targeted at $2 to $2.02, higher than the $1.80 to $1.83 expected earlier.

For the fourth quarter alone, Datadog Inc. (NASDAQ:DDOG) projects revenues of $912 million to $916 million, while EPS is pegged at $0.54 to $.056, assuming approximately 367 million weighted average diluted shares outstanding.

Last quarter, Datadog Inc. (NASDAQ:DDOG) saw net income dwindle by 34 percent to $33.88 million from $51.70 million in the same period last year, but revenues increased by 28 percent to $885 million from $690 million year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.