What's Going On With MongoDB Stock?

MongoDB Inc MDB shares are trading higher Tuesday following strong earnings results from Datadog Inc DDOG. 

DDOG Q3 Earnings: Datadog said third-quarter revenue increased 25% year-over-year to $547.536 million, which beat analyst estimates of $524.125 million, according to Benzinga Pro. The cloud company reported earnings of 45 cents per share, which beat estimates of 34 cents per share. 

Datadog said it expects fourth-quarter revenue to be between $564 million and $568 million versus estimates of $543.39 million. The company sees fourth-quarter earnings in a range of 42 cents to 44 cents per share versus estimates of 35 cents per share.

Datadog expects full-year revenue to be between $2.103 billion and $2.107 billion versus estimates of $2.06 billion. The company expects full-year earnings to be between $1.52 and $1.54 per share versus estimates of $1.33 per share. 

"Companies across all industries and sizes are building cloud applications and services to deliver positive business outcomes," said Olivier Pomel, co-founder and CEO of Datadog. 

Datadog shares were up nearly 29% at publication time. MongoDB shares were last up 13.1% at $376.01. Both Datadog and MongoDB are data cloud providers. 

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