Datadog (DDOG) falls on weaker-than-expected guidance

Datadog, Inc. (NASDAQ: DDOG) shares tumbled at the open Thursday on the back of its latest earnings release.

The company topped EPS and revenue expectations, but its weaker-than-expected guidance weighed on the shares in early trading.

The software company reported earnings of $0.26 per share, $0.07 better than the analyst estimate of $0.19, with revenue for the quarter coming in at $469 million versus the consensus estimate of $450.31 million.

However, in the current quarter, Datadog sees earnings being between $0.22 and $0.24, versus the consensus of $0.24, with revenue from $466 to $470 million, below the consensus of $482.04 million.

Meanwhile, for the full year, the company expects earnings per share to be between $1.02 and $1.09, lower than the consensus of $1.15, with revenue for the year from $2.07 billion to 2.09 billion, again below the consensus of $2.19 billion.

At the time of writing, DDOG is down 2% at $86.92 per share, but it opened the session at $80.62. So far this year, the stock has gained 18%.

By Sam Boughedda

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Credo Technology pops 3.5% as Evercore initiates with monster $325 price target
• This digital health stock is ready to re-rate higher: Goldman