Datadog Plunges Despite Strong Quarter - Is This an Entry or a Warning Sign?
Datadog shares tumbled roughly 21% in premarket trading to around $223 despite a quarter that beat expectations across revenue and earnings and lifted full-year guidance. The company reported $1.12 billion in revenue, up 36% year-over-year, and raised its revenue and EPS targets for the year. Investors appear to be reacting to a long run-up into th…