Datadog losses steepen after post-earnings downgrade. Here’s what the pros are saying

by | Aug 9, 2023 | Financial

Market Movers rounded up the best reactions from investors and analysts on Datadog . The experts, including Jim Cramer , talked about the cloud service provider after it was hit with a downgrade from Stifel. The firm lowered its rating to hold from buy , citing details in Datadog’s second-quarter report as a cause for concern. Datadog reported earnings that topped estimates Tuesday but shared third-quarter revenue guidance that missed the mark. The stock finished Wednesday down nearly 1.5%. Datadog suffered a 17% decline Tuesday, its worst session since March 2020.

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[mwai_chat context=”Let’s have a discussion about this article:nnMarket Movers rounded up the best reactions from investors and analysts on Datadog . The experts, including Jim Cramer , talked about the cloud service provider after it was hit with a downgrade from Stifel. The firm lowered its rating to hold from buy , citing details in Datadog’s second-quarter report as a cause for concern. Datadog reported earnings that topped estimates Tuesday but shared third-quarter revenue guidance that missed the mark. The stock finished Wednesday down nearly 1.5%. Datadog suffered a 17% decline Tuesday, its worst session since March 2020.nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
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