Datadog (DDOG) Gains As Market Dips: What You Should Know

Datadog (DDOG) closed at $251.49, up 1.62% and outperforming the S&P 500's 0.76% decline. The stock has gained 10.98% over the past month. Upcoming earnings are projected at $0.64 EPS (up 16.36% YoY) with revenue expected at $1.14 billion (up 28.88% YoY). However, the stock trades at a Forward P/E of 98.04, significantly above the industry average of 20.16, and carries a Zacks Rank #3 (Hold) rating with a PEG ratio of 6.72 versus the industry average of 1.14.