MongoDB, Datadog Shares Are Moving Higher: What's Going On?

MongoDB Inc. (NASDAQ:MDB) and Datadog Inc. (NASDAQ:DDOG) shares are trading higher Thursday. Several software names jumped following Snowflake Inc.‘s (NYSE:SNOW) strong earnings report and optimistic guidance. Here’s what you need to know.

What To Know: Snowflake exceeded analyst expectations in the third quarter, reporting $942.09 million in revenue, above the forecasted $896.99 million. Adjusted earnings came in at 20 cents per share, beating the estimate of 15 cents per share, according to Benzinga Pro.

Product revenue totaled $900.3 million, up 29% year-over-year. Snowflake guided for fourth-quarter product revenue ...

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