Datadog’s stock extends steep declines in the wake of earnings

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Datadog’s shares fell sharply on Wednesday following the release of a revenue outlook that investors viewed as underwhelming. For the fourth quarter, the company forecast revenue of between $1.19 billion and $1.2 billion. TD Cowen analyst Andrew Sherman said the range was in line with market expectations. Even at the upper end, it implies growth of only $3 million compared with $1.197 billion in revenue recorded in the third quarter.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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