Datadog forecasts revenue results below market estimates on weak adoption – Business Standard

Datadog forecast full year revenue and profit below Wall Street estimates on Tuesday, expecting a weak demand and rising competition in the cybersecurity industry, sending its shares down 2% in premarket trading. The cloud monitoring firm, with Nasdaq and Comcast as its customers, sees slower usage growth as customers are cutting back on spending in an uncertain economy despite the need for robust cybersecurity solutions.