Datadog earnings boost stock, company gives strong guidance

Olivier Pomel, co-founder and CEO of Datadog, speaks at the company’s Dash conference in San Francisco on Aug. 3, 2023. Datadog Shares of cloud monitoring software firm Datadog surged as much as 30% in Tuesday trading after the company reported stronger-than-expected third-quarter earnings and full-year guidance. The company reported quarterly revenue of $547.5 million, up … Read more

New York is a tech startup hotbed after almost a decade of IPOs

Olivier Pomel, co-founder and CEO of Datadog, speaks at the company’s Dash conference in San Francisco on Aug. 3, 2023. Datadog Albert Wang, a native Californian, moved to New York from Boston with his wife a decade ago and got a job as a product manager at Datadog, which at the time was a fledgling … Read more

Tech shares shut out first six-week rally since January 2020

Tech shares on show on the Nasdaq. Peter Kramer | CNBC Tech shares nonetheless have not absolutely rebounded from a depressing 2022, however they’re rewarding traders who noticed the sell-off as too excessive. The Nasdaq Composite gained 2% this week, wrapping up the sixth-straight weekly rally for the tech-heavy index. It is the longest stretch … Read more

MongoDB (MDB) Q1 earnings report 2024

Dev Ittycheria, CEO, MongoDB. Scott Mlyn | CNBC Shares of MongoDB rose as a lot as 22% in prolonged buying and selling Thursday after the database software program maker issued blowout fiscal first-quarter earnings and lifted its full-year steering. Earnings: 56 cents per share, adjusted, vs. 19 cents per share as anticipated by analysts, in … Read more