Datadog (DDOG) Falls 7.2% MTD: Should Investors Buy the Dip?

Datadog (DDOG) , a leading cloud monitoring and analytics platform, has seen its stock decline 7.2% month to date (MTD), underperforming the Zacks Computer and Technology sector's dip of 4%. This pullback has some investors wondering if it is a buying opportunity for the high-growth software company. The Zacks Consensus Estimate for 2024 revenues and earnings is pegged at $2.6 billion and $1.54 per share, respectively. This indicates year-over-year an improvement of 22.1% in the top line and 16.7% in the bo ...