(Reuters) -Datadog forecast fourth-quarter earnings above Wall Street estimates on Thursday, betting on strong demand for its cloud-security products from businesses adopting artificial intelligence technology.

Shares of Datadog, which have risen 8.5% so far this year, gained nearly 10% in premarket trading.

Growing AI use and cloud migration are driving demand for Datadog’s monitoring and security tools that provide real-time protection, access control and device oversight.

Datadog joined the S&P 500 in July and counts Shell, PayPal and Comcast among its customers.

It forecast fourth-quarter revenue between $912 million and $916 million, above analysts’ average estimate of $887.27 million, according to data compiled by LSEG.

The company expects its adjusted profit per share to be bet

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