2 Stocks Swinging Lower After Earnings

03:31pm, Tuesday, 08'th Aug 2023
Datadog Inc (NASDAQ:DDOG) stock is gapping lower despite a strong second-quarter report, after the company's disappointing current-quarter and full-year revenue forecasts.
Organizations continue to look carefully at opportunities to save money on software given economid conditions, and that's hurting cloud stocks.

Why Datadog Stock Collapsed Tuesday

02:05pm, Tuesday, 08'th Aug 2023
Revenue grew 25% year over year and beat guidance. Customers are still careful with their cloud spending, which is pressuring Datadog's growth.
Datadog, Inc. (NASDAQ:DDOG ) Q2 2023 Earnings Conference Call August 8, 2023 8:00 AM ET Company Participants Yuka Broderick - VP, IR & Strategic Finance Olivier Pomel - Co-Founder & CEO David Obstler
The company warned that some larger cloud customers are continuing to take a conservative approach to spending.
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Datadog (DDOG) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.24 per share a year ago.
Datadog Inc (NASDAQ:DDOG) stock opened Tuesday's trading session down some 20% after softer-than-expected guidance for the remainder of 2023 broke the cloud services firm's streak of impressing Wall S
Shares of Datadog Inc. were tanking 20% in Tuesday's premarket trading after the software company, which provides observability and security solutions for cloud applications, fell short of its revenue
Expectations are high for investors in Datadog Inc (NASDAQ:DDOG) ahead of Tuesday's quarterly financials and could be exceeded, according to California-based stockbroker Wedbush. Guidance is pitched a
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Software stocks including Datadog Inc. DDOG, +0.25% and Snowflake Inc. SNOW, -2.16% got a lift in Thursday's after-hours action after Amazon.com Inc. AMZN, +0.55% gave upbeat commentary about its AWS
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A Wolfe Research analyst believes Datadog will benefit from the booming artificial intelligence (AI) software demand. Datadog is a leader in AI for IT operations and several other categories of observ
Shares of Datadog Inc. and Snowflake Inc. were among those in the software industry falling Wednesday after Microsoft Corp. offered more measured commentary on the state of the cloud-computing busines
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