FinancialBuzz.com’s latest The Buzz Show: Featuring Our Corporate News Recap on “Datadog Inc. Shares Fall Following Earnings”
Datadog Inc. (NASDAQ: DDOG) shares dropped sharply after the company released its quarterly results and outlook, even as both topped analyst expectations.
The company reported earnings of 5 cents a share while revenue rose to $154.7 million, outpacing analyst expectations of 1 cent per share on revenues of $144.3 million and Datadog expects to outperform analyst expectations for its 4th quarter, though JPMorgan still downgraded the stock due to valuation concerns amidst its revenue deceleration.
Datadog is the monitoring and security platform for cloud applications. Their SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of our customers’ entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations, security and business teams, accelerate time to market for applications, reduce time to problem resolution, secure applications and infrastructure, understand user behavior and track key business metrics.
For more information, please visit: Datadog Inc.
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