This Tech Stock Just Grew Sales 74% -- Buy the Dip?
Datadog (NASDAQ: DDOG) reported second-quarter earnings on Aug. 4, and the results were exceptional. Despite macroeconomic headwinds, this digital infrastructure observability platform didn't see much of a slowdown in its business and continued to post robust results.
That said, investors still didn't think it was enough. Shares fell slightly after the company reported earnings, leaving Datadog down almost 40% in 2022. If you're a long-term investor looking to buy and hold high-quality businesses, Datadog might be for you, given this year-to-date slump.
Image source: Getty Images.
Source Fool.com
