Loading...
Loading...
- Datadog, Inc. (NASDAQ: DDOG) acquired Vector developer Timber Technologies to collect and transform data logs in on-premises and cloud environments. It also inked an agreement to acquire SaaS-based security platform Sqreen to detect, block, and counter application-level attacks. The financial terms of both the acquisitions remain undisclosed.
- Datadog reported year-on-year revenue growth of 56% to $177.5 million in the fourth quarter of FY20, above the analyst estimate of $163.58 million.
- Bigger customers posted a robust growth with 97 $1 million+ ARR customers.
- The operating income stood at $18.1 million with a margin expansion of 300 basis points at 10%.
- EPS amounted to $0.06, above the consensus estimate of $0.02.
- The operating cash flow was $23.8 million, and the cash and equivalents balance stood at $1.5 billion.
- Revenue outlook stood between $185 million and $187 million for the first quarter of FY21, above the analyst estimate of $181.27 million.
- The expected operating income range is between $8 million and $10 million.
- Expected EPS lie between $0.02 and $0.03, below the analyst estimate of $0.04.
- Price action: DDOG shares are down 5.61% at $111 in the pre-market session on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in