Shares of Datadog Inc. were poised to extend their recent rally after Amazon.com Inc. posted earnings that showed slightly better-than-expected sales for its AWS cloud-computing unit. Datadog's stock was up 8% in Thursday's after-hours trading. It gained 1.4% in Thursday's regular session and rocketed 10.5% in Wednesday trading after Microsoft Corp. offered upbeat commentary about its Azure cloud-computing business that an analyst said was a positive signal for Datadog.
were poised to extend their recent rally after Amazon.com Inc. posted earnings that showed slightly better-than-expected sales for its AWS cloud-computing unit. Datadog's stock was up 8% in Thursday's after-hours trading. It gained 1.4% in Thursday's regular session and rocketed 10.5% in Wednesday trading after Microsoft Corp.
offered upbeat commentary about its Azure cloud-computing business that an analyst said was a positive signal for Datadog. The company's"growth prospects are linked to hyperscalers fortunes ," Bernstein's Peter Weed wrote Wednesday of Datadog, which makes monitoring and analytics software.