CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and can afford the risks. Trading CFDs is high risk and is not suitable for everyone. Refer to our PDS and Target Market Determination. AFSL 513393
Open platformOpen platform

Datadog plummets after results as Q4 forecast disappoints

By Reuters News

** Shares of cloud security firm Datadog DDOG.O plummet 17.5% to $182 premarket

** Q3 revenue rose 35% to $1.20 billion, surpassing estimates of $1.15 billion, according to data compiled by LSEG

** Adjusted EPS of 81 cents also beat estimates of 65 cents

** However, co's Q4 revenue forecast of $1.2 billion implies just a $3 million increase quarter-over-quarter, in line with analyst expectations, according to TD Cowen

** Investors also looking at high-spending customer usage declines as co added 140 new high spenders vs 170 in previous quarter, TD Cowen says

** Average rating of 32 of 49 analysts is "buy" with 14 analysts recommending "strong buy", 2 "hold" and 1 "sell"; their median PT is $300 - data compiled by LSEG

** Up to last close, stock has risen 62.16% YTD

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.