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  • 2 years ago
Datadog Earnings Highlights: Shares are trading higher after the company reported better-than-expected Q3 results and issued strong guidance.

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Transcript
00:00 DataDog Q3 EPS coming in here at 45 cents beats the 34 cent estimate.
00:06 Revenues of 547.536 million beat the 524.125 million estimate.
00:15 They do see Q4 adjusted EPS at 42 cents to 44 cents versus a 35 cent estimate here.
00:22 So good outlook there.
00:23 Revenues also a little bit higher here.
00:26 Bottom and 564 to 568 million versus a 543.39 million estimate.
00:35 So pretty good beat there on revenues.
00:38 Also putting out their full fiscal year 23 EPS now to 152 and 154 versus a 133
00:45 estimate and revenues at 2.103 and 2.107 versus a 2.06 estimate.
00:53 So not bad here as a cloud is going to get the lift.
00:57 Yeah, all cloud stocks are going to lift on this.
01:00 I just say like the moves on some of these earnings reports seem just crazy.
01:05 I mean, it is a good report.
01:07 Don't kid yourself.
01:08 Stock should be up.
01:09 But I mean, it's like we bring something up 20% every single day, you know, fairly
01:13 large companies, we knock something down 20 or 30% every single day.
01:18 I mean, if some of these reports, you know, aren't even that bad.
01:21 It's just like you miss by a little bit and they crush you, you be by a little
01:24 bit and they rally the hell out of it.
01:26 So, I mean, it's just this market we're in.
01:28 It's very, you know, the price discovery here off the earnings
01:32 report is really incredible.
01:34 You know, just nobody wants to be on the other side.
01:36 Nobody provide liquidity into these reports and they really move.
01:40 So, I mean, a 21% move seems way overdone, but we know what we've seen
01:44 before is it seems like in the last, you know, few days, at least the last six
01:47 days since the new bull market has begun.
01:50 I'm not saying it's going to continue, but this new mini mobile market that
01:52 we're experiencing has begun is there's follow through and, you know, we get
01:58 these big moves and you think, okay, I'm going to go fade it on day one, like
02:01 a Roku and boom, you know, no, there's more behind it.
02:04 So, I mean, I've learned the hard way.
02:06 You just can't fade these moves on day one.
02:08 Boy, oh boy.
02:09 I'm just going to say you got some nice confluence out there.
02:12 I don't know how many people are that active that were lauding the stock.
02:15 But your pre-market high comes in at a 101.40 and right here on the
02:21 dailies, the upper right chart, you had two highs in that area, 101.16 and 102.
02:27 You almost stopped in the middle.
02:29 People are taking profits here.
02:31 I don't know if you're going to get another look at that number.
02:34 We seem to be losing a bit here at 96.
02:37 In order to give you support, I would need to be a magician because the
02:42 top of yesterday's range hit 82.87.
02:46 So, nice report.
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