Shares of software companies, including Datadog Inc (NASDAQ:DDOG), are trading higher in sympathy with PagerDuty Inc (NASDAQ:PD) which gained following a strong third-quarter earnings report.
PagerDuty reported quarterly losses of 7 cents per share which beat the analyst consensus estimate of a loss of 9 cents per share. The company also reported quarterly sales of $72 million which beat the analyst consensus estimate of $70.04 million by 2.8%.
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Datadog is a monitoring and analytics platform for developers, IT operations teams and business users. Its platform integrates and automates infrastructure monitoring, application performance monitoring and log management.
Datadog has a 52-week high of $199.68 and a 52-week low of $69.73.