Datadog is trading at $194.76, down 11.68%, after Q4 revenue guidance of $1.19 billion–$1.20 billion suggested little sequential growth and slower year-over-year growth than Q3.
- Datadog beat Q3 estimates, reporting revenue of $1.20 billion, up 35%, and adjusted EPS of $0.81.
- Reporting also noted fewer net additions of large-spending customers than in the prior quarter.
- The broader market was sharply higher, making Datadog’s earnings reaction more notable.