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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Datadog Inc (NASDAQ:DDOG) reported second-quarter FY21 revenue growth of 67% year-on-year to $233.6 million, beating the analyst consensus of $212.5 million.
- The company had 1,610 customers with an ARR of $100,000 or more, an increase of 59% Y/Y.
- The non-GAAP gross margin contracted 400 bps to 76% as the costs almost doubled. The non-GAAP operating margin expanded 200 bps to 13%.
- Non-GAAP EPS of $0.09 beat the analyst consensus of $0.03.
- Datadog generated $51.7 million in operating cash flow and held $1.4 billion in cash and equivalents.
- The company launched Cloud Security Posture Management and Cloud Workload Security products. It also announced the beta launch of the CI Visibility product, CEO Olivier Pomel stated.
- Outlook: Datadog sees Q3 revenue between $246 million - $248 million above the analyst consensus of $226 million.
- It sees non-GAAP EPS between $0.05 - $0.06 above the analyst consensus of $0.03.
- Price action: DDOG shares traded higher by 14.2% at $131.25 in the premarket session on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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