Dynatrace(DT)
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Why Did Dynatrace Shares Fall 13% in February
The Motley Fool· 2024-03-08 17:40
Shares of Dynatrace (DT 0.28%) dropped 13% last month, according to data provided by S&P Global Market Intelligence. Investors were disappointed by its quarterly-earnings report; sales, cash flow, and key performance metrics were generally solid, while the company's forecasts and forward-looking commentary raised some concerns.Investors are worried about weak revenue guidanceDynatrace shares dropped after its Feb. 8 quarterly report and continued to slide lower throughout the month. The company narrowly bea ...
Dynatrace (DT) Loses -20.8% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Zacks Investment Research· 2024-03-06 15:35
Dynatrace (DT) has been beaten down lately with too much selling pressure. While the stock has lost 20.8% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that m ...
Annual Global CIO Report Reveals Cloud-Native Technologies Produce Explosion of Data Beyond Humans' Ability to Manage
Businesswire· 2024-03-05 13:00
WALTHAM, Mass.--(BUSINESS WIRE)--Dynatrace (NYSE: DT), the leader in unified observability and security, today announced the findings of an independent global survey of 1,300 CIOs and technology leaders in large organizations. The research reveals that organizations are continuing to embrace multicloud environments and cloud-native architectures to enable rapid transformation and deliver secure innovation. However, despite the speed, scale, and agility enabled by these modern cloud ecosystems, organizations ...
Bull Signal Flashing On Beaten Down IT Stock
Forbes· 2024-02-22 19:23
Dynatrace (DT) is up 2.5% to trade at $47.48, at last check, enjoying a breath of fresh air following an early February bear gap that dragged its shares back below $50. In fact, the security has struggled to maintain any upwards momentum in 2024, off nearly 10% in this time frame, particularly suffering after hitting a ceiling at its Feb. 4, two-year high of $61.41. Today’s jump may be the turn of a new leaf, however, as DT is trading near a historically bullish trendline on the charts.Dynatrace stock has c ...
Got $1,000? Buy These Hot Growth Stocks Before They Take Off.
The Motley Fool· 2024-02-18 14:38
Investors should consider adding growth stocks to their portfolio to complement the blue chip stocks that dominate major market indexes. Tech companies with excellent growth prospects and strong products can deliver returns that outpace the market over the long term, but it's important to buy shares before they launch to expensive valuations. If you're making contributions to a Roth IRA for last year, these two stocks could be a great way to deploy $1,000 for long-term growth.DynatraceDynatrace (DT -1.92%) ...
1 Little-Known AI Stock to Watch Closely in 2024
The Motley Fool· 2024-02-17 16:21
After a not-so-happy couple of years of a bear market, cloud computing stocks are so back in 2024. As artificial intelligence (AI) hype ratchets up, tech has been fast on the rise in the first two months of the year.But in reality, cloud software never really went anywhere. Throughout the last couple of years of heightened investor worry, global spending on cloud computing actually kept rising. And according to researcher Gartner, end-user spending on cloud services is expected to home in on $680 billion in ...
Generative AI Could Help Dynatrace Grow Faster Than 25%
Forbes· 2024-02-16 16:26
BRAZIL - 2024/02/02: In this photo illustration, the Dynatrace, Inc. logo is displayed on a ... [+] smartphone screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Since August 2023, when I last wrote about Dynatrace DT — the Waltham, Mass.-based provider of software observability services — has experienced an 8% increase in its stock (lagging the Nasdaq’s 14.5% gain).Why — despite a 23% rise in the tech company’s revenue for the qu ...
BMO Scales Digital Banking Capabilities for Customers Worldwide with Dynatrace
Businesswire· 2024-02-13 13:00
WALTHAM, Mass.--(BUSINESS WIRE)--Dynatrace (NYSE: DT), the leader in unified observability and security, today announced that BMO, North America’s eighth largest bank by assets, is using the Dynatrace® platform to scale its digital capabilities and deliver best-in-class experiences to customers worldwide. As demand for digital interactions increases, BMO has reimagined traditional services and is optimizing operating efficiencies to enhance customer loyalty. To do this, the bank works with Dynatrace. The ...
Dynatrace(DT) - 2024 Q3 - Earnings Call Transcript
2024-02-08 16:36
Dynatrace, Inc. (NYSE:DT) Q3 2024 Earnings Conference Call February 8, 2024 8:00 AM ET Company Participants Noelle Faris - Vice President of Investor Relations Rick McConnell - Chief Executive Officer Jim Benson - Chief Financial Officer Conference Call Participants Jake Roberge - William Blair Brad Reback - Stifel Patrick Colville - Scotiabank Kash Rangan - Goldman Sachs Keith Bachman - BMO Capital Markets Matt Hedberg - RBC Capital Markets Mike Cikos - Needham & Company Fatima Boolani - Citi Ray McDonough ...
Here's What Key Metrics Tell Us About Dynatrace (DT) Q3 Earnings
Zacks Investment Research· 2024-02-08 15:36
For the quarter ended December 2023, Dynatrace (DT) reported revenue of $365.1 million, up 22.7% over the same period last year. EPS came in at $0.32, compared to $0.25 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $357.64 million, representing a surprise of +2.09%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.28.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...