Datadog, Inc. DDOG shares are trading lower on Friday.
Despite the stock trading lower, the company reported better-than-expected second-quarter earnings results. The company issued third-quarter and fiscal-year 2020 guidance above analyst estimates.
Along with the earnings, the company also announced it has acquired Undefined Labs, a testing and observability company for developer workflows. No terms were disclosed in the company's press release.
Datadog is a monitoring and analytics platform for developers, IT operations teams and business users.
Datadog shares were trading down 13.07% at $78.25 on Thursday at the time of publication. The company has a 52-week high of $98.99 and a 52-week low of $27.55.
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