Datadog (DDOG) Outpaces Stock Market Gains: What You Should Know

Datadog (DDOG) rose 2.26% to $236.00, outperforming the S&P 500's 1.14% gain. The company is expected to report Q earnings of $0.64 per share (up 16.36% YoY) and revenue of $1.14 billion (up 28.88% YoY). However, the stock trades at a premium valuation with a Forward P/E of 91.22 versus the industry average of 20.36, and a PEG ratio of 6.25 compared to the Internet-Software industry average of 1.14. Datadog holds a Zacks Rank #3 (Hold) rating.