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Is Datadog Stock a Buy Now?

TheMotleyFool

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Datadog's (NASDAQ: DDOG) stock dipped 2% after the cloud-based data visualization company posted its second-quarter earnings report. Its revenue rose 74% year over year to $406 million, beating analysts' estimates by $25 million. Its adjusted net income surged 160% to $84 million, or $0.24 per share, which also cleared expectations by nine cents.

Those headline numbers looked impressive, but a few issues prevented the bulls from rushing back to the stock, which has tumbled nearly 35% this year amid rising interest rates and other macroeconomic challenges. Let's examine Datadog's strengths, flaws, and valuation to see if it's still worth buying.

Image source: Getty Images.

Source Fool.com

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