Software stocks sink as Datadog, Figma, HubSpot plunge over 15%

Earnings
โดย Yahoo Finance·US·Read original
Summary · why it matters

Software stocks declined sharply on Thursday, led by drops of more than 15% in Datadog, Figma, and HubSpot following their quarterly results. Datadog beat top- and bottom-line estimates but posted an adjusted gross margin of 80%, slightly below the 80.7% consensus. Figma also beat estimates but flagged rising AI inference spending, with its CFO noting the company bears the cost of inference for beta products without offsetting revenue, causing near-term gross margin variability. The iShares Expanded Tech-Software Sector ETF fell more than 2%, and while the sector has rebounded over 35% from its April low, it remains down 3% year to date.

Impact on stocks 7

Cloud & Digital Infrastructure▼ · 5 stocks
Datadog Inc
DDOG
▼ NegativeCapitalrelevance

Adjusted gross margin slightly below consensus despite beating estimates.

Figma, Inc.
FIG
▼ NegativeCapitalrelevance

Flagged rising AI inference spending causing near-term gross margin variability.

HubSpot Inc
HUBS
▼ NegativeCapitalrelevance

Fell over 15% following quarterly results, though specific details not provided.

Artificial Intelligence▲ · 2 stocks
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