Weak Earnings, Outlook Drag Shares of These 10 Firms on Thursday

7. Datadog Inc. (NASDAQ:DDOG)

Datadog’s share prices plummeted by 8.24 percent on Thursday to end at $135.89 each as investors disposed of positions in the company following a downgraded outlook from an investment bank.

In a statement, Wells Fargo gave DDOG a downgraded rating of “equal weight” from “overweight” previously, following its weak outlook for the first quarter and full year of 2025. The rating overshadowed its better-than-expected earnings performance last year, with net income expanding 278 percent to $183.7 million from $48.57 million in 2023.

The jump in net income was achieved despite poor fourth-quarter results, with net earnings for the quarter declining 15 percent to $45.59 million from $53.99 million.

For this year, DDOG said it expects revenues for the full year to settle between $3.175 billion and $3.195 billion, as well as adjusted earnings per share ranging between $1.65 and $1.7.