Why DataDog Stock Dropped Today

Shares of Datadog (DDOG -2.35%) fell as much as 8.4% early Tuesday, then briefly turned positive before closing the day down 2.4% after the cloud-based data analytics platform's conservative forward outlook overshadowed an otherwise strong quarterly update.Datadog is enjoying operating leverage at scaleDatadog's fourth-quarter 2023 revenue grew 26% year over year to $589.6 million, translating to generally accepted accounting principles (GAAP) net income of$0.15 per share (compared to a loss of $0.09 per s ...