DDOG Stock: Over 10% Increase Pre-Market Explanation

By Amit Chowdhry ● May 7, 2021
  • The stock price of Datadog Inc (NASDAQ: DDOG) increased by over 10% pre-market. This is why it happened.

The stock price of Datadog Inc (NASDAQ: DDOG) increased by over 10% pre-market. Investors are responding positively to the company’s first quarter results.

These are the highlights:

— Revenue was $198.5 million, an increase of 51% year-over-year.

— GAAP operating loss was $(12.8) million; GAAP operating margin was (6)%.

— Non-GAAP operating income was $19.6 million; non-GAAP operating margin was 10%.

— GAAP net loss per diluted share was $(0.04); non-GAAP net income per diluted share was $0.06.

— Operating cash flow was $51.7 million, with free cash flow of $44.5 million.

— Cash, cash equivalents, restricted cash, and marketable securities were $1.6 billion as of March 31, 2021.

KEY QUOTE:

“We are pleased with our strong first quarter results, an excellent start to the year that demonstrated continued high growth at scale. We continue to innovate at a rapid pace, delivering new products and features that leverage the strength of our observability platform to create value for our customers.”

— Olivier Pomel, co-founder and CEO of Datadog

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.