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.
- Datadog Inc (NASDAQ:DDOG) reported fourth-quarter FY21 revenue growth of 84% year-on-year to $326.2 million, beating the consensus of $291.5 million.
- As of December 31, Datadog had 2,010 customers with an ARR of $100,000 or more, increasing 63% Y/Y.
- The non-GAAP gross margin expanded 200 bps to 80%. The non-GAAP operating margin expanded 1,200 bps to 22%.
- Non-GAAP EPS of $0.20 beat the consensus of $0.12.
- Datadog held cash and equivalents of $1.55 billion and generated $115.8 million in operating cash flow and $106.7 million in free cash flow.
- Outlook: Datadog sees Q1 FY22 revenue of $334 million - $339 million, above the consensus of $306.6 million. It sees non-GAAP EPS of $0.10 - $0.12 versus the consensus of $0.11.
- Datadog sees FY22 revenue of $1.51 billion - $1.53 billion above the consensus of $1.41 billion. It sees non-GAAP EPS of $0.45 - $0.51, below the consensus of $0.57.
- Price Action: DDOG shares traded higher by 15.78% at $180.12 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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