Datadog Crashes Most On Record As 2Q Gross Margin Disappoints Despite Forecast Boost

Datadog Crashes Most On Record As 2Q Gross Margin Disappoints Despite Forecast Boost Shares of cloud-monitoring and security company Datadog crashed the most on record in premarket trading in New York, as stronger-than-expected second-quarter results and an upgraded full-year profit and revenue outlook still failed to satisfy the market's high expectations.  Datadog now expects full-year adjusted earnings of $2.50 to $2.54 a share, up from $2.36 to $2.44 and above the $2.42 Bloo...

By Tyler Durden