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Datadog shares tumble despite earnings beat and stronger full-year outlook
InvestorsHub11d agoneutral
Datadog shares tumble despite earnings beat and stronger full-year outlook

Datadog (NASDAQ:DDOG) shares plunged more than 21% in pre-market trading on Thursday, even after the cloud monitoring and cybersecurity specialist reported better-than-expected second-quarter results and lifted its full-year guidance. The sharp selloff appeared to reflect investor profit-taking following the stock’s recent record highs, rather than any deterioration in the company’s operating performance.