Datadog sustained major service outage today, says Wells Fargo

Datadog sustained a major service outage this morning that has continued to impact the availability of its services, Wells Fargo analyst Andrew Nowinski tells investors in a research note. The analyst is concerned with the impact to revenue given that Datadog is a consumption-based model. The firm says it has not found any details regarding the cause of the outage. Wells has an Overweight rating on Datadog with a $105 price target.