Datadog said it earned $284,000 in the quarter when most analysts had expected it to lose money. The stock is down about 12% right now. How does the management team not know it's way cooler to lose money? They clearly did not study the Hooli playbook well enough.
I'm just joking.
But I am looking at Datadog after earnings and well, it has me thinking. This thing has popped higher on very little volume relative to its IPO day and volume profile since that day. I've marked the POC on the chart with "Yikes."
Has this name gone too far too fast? I'll be watching.
For those who have used the Datadog product, I hear it is good. So that does say something.
I'm just joking.
But I am looking at Datadog after earnings and well, it has me thinking. This thing has popped higher on very little volume relative to its IPO day and volume profile since that day. I've marked the POC on the chart with "Yikes."
Has this name gone too far too fast? I'll be watching.
For those who have used the Datadog product, I hear it is good. So that does say something.
I work at TradingView helping to build charts, tools, and software for everyone interested in financial markets.
Twitter: twitter.com/scheplick
Blog: scheplick.com/
Twitter: twitter.com/scheplick
Blog: scheplick.com/