Datadog Shares Soar by Most in Six Years on Higher Outlook

The shares of Datadog Inc. surged by the most in more than six years after the software developer raised its full-year outlook for sales and earnings, far exceeding Wall Street’s expectations.

Revenue is now expected to total $4.3 billion to $4.34 billion, above analysts’ estimates of $4.09 billion on average. The company also raised its adjusted earnings guidance to as much as $2.44 a share, from as much as $2.16 previously.