These Analysts Boost Their Forecasts On Datadog Following Q4 Results

Datadog, Inc. (NASDAQ: DDOG) posted upbeat sales for its fourth quarter, but issued FY24 EPS guidance below estimates on Tuesday.

The company clocked fourth-quarter FY23 revenue growth of 26% year-on-year to $589.649 million, beating the consensus of $568.695 million. Adjusted EPS of 44 cents was in line with the consensus, according to data from Benzinga Pro.

“We are pleased with our strong execution in fiscal year 2023, with 27% year-over-year revenue growth, $660 million in operating cash flow, and $598 million in free cash flow,” said Olivier Pomel, co-founder and CEO of Datadog. “During 2023, …

Full story available on Benzinga.com