Datadog shares are trading lower after the company issued Q3 and FY23 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Datadog has issued Q3 and FY23 revenue guidance below estimates, causing its shares to trade lower.
August 08, 2023 | 12:43 pm
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NEGATIVE IMPACT
Datadog's shares are trading lower due to the company's lower than expected Q3 and FY23 revenue guidance.
Datadog's lower than expected revenue guidance for Q3 and FY23 indicates potential financial underperformance, which is negatively affecting investor sentiment and causing a drop in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100