+5.36% to $260.36 from $247.11
What moved DDOG
- Bernstein upgraded Datadog to outperform from market perform, and shares gained 3% in premarket trading.
- The move reverses a July downgrade in which Bernstein had cut Datadog to market perform on valuation concerns despite a strong AI-driven outlook.
Sources: CNBC · StreetInsider
-19.03% to $229.29 from $283.17
What moved DDOG
- Datadog reported second-quarter adjusted earnings of $0.65 per share and revenue of $1.12 billion, up 36% year-over-year and ahead of forecasts.
- Management said its largest customer began reducing usage in the third quarter, which weighed on investor sentiment despite the beat.
- Free cash flow margin narrowed to 25% from 29% a year earlier.
- Datadog raised full-year revenue guidance to $4.45 billion-$4.47 billion and guided third-quarter revenue to $1.135 billion-$1.145 billion.
Sources: Investing.com · TradingKey · StockTitan