Market Movers rounded up the best reactions from investors and analysts on Datadog . The experts, including Jim Cramer , talked about the cloud service provider after it was hit with a downgrade from Stifel. The firm lowered its rating to hold from buy , citing details in Datadog’s second-quarter report as a cause for concern. Datadog reported earnings that topped estimates Tuesday but shared third-quarter revenue guidance that missed the mark. The stock finished Wednesday down nearly 1.5%. Datadog suffered a 17% decline Tuesday, its worst session since March 2020.
Source: www.cnbc.com