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 Bloomberg Consensus. Revenue is projected at $4.45 billion to $4.47 billion, compared with its previous forecast of $4.30 billion to $4.34 billion. Full-Year Forecast: Sees adjusted EPS $2.50 to $2.54, saw $2.36 to $2.44, estimate $2.42 (Bloomberg...

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