Why Datadog Stock Is Plummeting Today
Shares of Datadog Inc (NASDAQ: DDOG) are trading lower on Thursday. The company's stock lost 8.4% as of noon ET but lost as much as 11.6% earlier in the day. The drop comes as the S 500 gained 0.5%, and the Nasdaq composite was up 0.8%.
Datadog, a software-as-a-service company that helps companies analyze and monitor their data, reported earnings before the market opened today. However, the company's strong growth in 2024 wasn't enough to overcome weak guidance, leading to a drop in share price.
The tech company's Q4 2024 earnings report showed mostly positive numbers, delivering earnings per share (EPS) of $0.49, beating analyst estimates of $0.43, on sales of $737.7 million, again surpassing Wall Street's target. Top-line revenue grew 25% year over year (YOY). For the full year, Datadog reported operating income of $674 million and EPS of $1.82 on sales of $2.68 billion, up 26% YOY.
Source Fool.com
Datadog Inc. Stock
The community is currently still undecided about Datadog Inc. with 1 Buy predictions and 0 Sell predictions.
As a result the target price of 175 € shows a positive potential of 34.49% compared to the current price of 130.12 € for Datadog Inc..
