Datadog (DDOG) Shares Drop Despite Strong Results and Raised Guidance
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August 4, 2022 1:36 PM EDT
Datadog, Inc. (NASDAQ: DDOG) shares fell Thursday despite the company reporting earnings that beat the analyst consensus estimate.
The company reported second-quarter earnings of $0.24 per share, $0.09 better than the analyst estimate of $0.15, with revenue topping expectations, coming in at $406 million versus the consensus estimate of $381.64 million.
Datadog said it experienced strong growth in large customers, with about 2,420 $100k+ ARR... More
August 4, 2022 1:30 PM EDT
Needham & Company analyst Jack Andrews lowered the price target on Datadog (NASDAQ: DDOG) to $135.00 (from $145.00) while maintaining a Buy rating following earnings.
The analyst commented, "Datadog guided 3Q Revenue +1% qtr-qtr at the midpoint (versus +5% over the previous 4 quarters). Meanwhile, FY22 Revenue guide was... More
August 4, 2022 12:22 PM EDT
Mizuho Securities analyst Gregg Moskowitz lowered the price target on Datadog (NASDAQ: DDOG) to $130.00 (from $150.00) while maintaining a Buy rating following earnings.
The analyst commented, "DDOG reported revenue growth of 74% Y/Y that significantly beat our estimate and the Street's ~62% forecast.... More
