Why Datadog Stock Is Slumping Today

1 min read

Shares of Datadog (NASDAQ: DDOG) sank on Friday after the company reported fourth-quarter results that beat analyst expectations. The guidance may be the culprit: Datadog is expecting revenue growth to slow substantially in 2021. Shares of the cloud monitoring and security company were down about 3.6% at 11:20 a.m. EST; they had been down as much as 8.2% earlier in the day.

Datadog reported fourth-quarter revenue of $177.5 million, up 56% year over year and about $14 million ahead of analyst expectations. Adjusted earnings per share of $0.06 doubled from the prior-year period and were $0.04 higher than the average analyst estimate.

Image source: Getty Images.

Continue reading

Leave a Reply

Your email address will not be published.

Previous Story

How ImmunoGen Trounced Analysts’ Q4 Revenue and Earnings Estimates

Next Story

XPO Logistics Inc (XPO) Q4 2020 Earnings Call Transcript

Latest from Blog