Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Datadog Fell Over 12% This Week

TheMotleyFool

0 0

Shares of Datadog (NASDAQ: DDOG) sank 12.4% this week through 12 p.m. ET, even though there was little to no information coming from the company over the past five days.

Yet since Datadog sports a very high valuation, it was taken down along with a lot of other promising growth stocks, as long-term interest rates rose amid hawkish Federal Reserve commentary.

Datadog has been one of the true all-stars of the enterprise software space. Its cloud-based observability tools have seen rapid uptake, resulting in the company's revenue surging by an impressive 84% last quarter.

Source Fool.com

Like: 0

DDOG

Share