Datadog falls on slower revenue growth forecast for Q3 - DDOG News | RalliesDatadog falls on slower revenue growth forecast for Q3
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DDOG• Datadog falls after Q3 revenue growth outlook
- Shares of cloud security firm Datadog (DDOG.O) fall 16.6% to $235.95.
- The company expects Q3 revenue of $1.14 billion to $1.15 billion, implying year-over-year growth of about 29%, compared with 36% growth in Q2.
- DDOG reports revenue of $1.12 billion, versus analysts' average estimate of $1.08 billion, according to data compiled by LSEG.
- Up to the last close, the stock was more than doubled this year.
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