These Analysts Revise Their Forecasts On Datadog After Q2 Results

Datadog, Inc. DDOG reported better-than-expected second-quarter financial results, but issued weak sales forecast.

Datadog posted adjusted earnings of 36 cents per share, beating market expectations of 28 cents per share. The company’s quarterly sales came in at $509.00 million, versus estimates of $500.37 million.

Datadog said it sees third-quarter adjusted earnings of 33 cents to 35 cents per share, versus estimates of 29 cents per share. The company expects revenue of $521 million to $525 million, versus expectations of 534.48 million.

Datadog shares fell 22.7% to $82.20 in pre-market trading.

These analysts made changes to their price targets on Datadog following earnings announcement.

• Rosenblatt raised the price target on Datadog from $100 to $110. Rosenblatt analyst Blair Abernethy maintained a Buy rating.
• Needham lowered the price target from $135 to $110. Needham analyst Mike Cikos maintained Datadog with a Buy rating.

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