Earnings GuidanceBillings results and June Q revenue guidance were disappointing, particularly compared to recent cloud reports.
Revenue GrowthDespite Datadog's powerful innovation engine and vastly expanded product portfolio, the company's YoY revenue growth rate has plummeted from 84% in 4Q:21 to 27% in 1Q:24.
ValuationDatadog's valuation was already rich, and this month's rally further exacerbated the excess, leaving the stock vulnerable to selling pressure.