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Unveiling Dynatrace (DT) Q4 Outlook: Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-05-10 14:16
Wall Street analysts forecast that Dynatrace (DT) will report quarterly earnings of $0.27 per share in its upcoming release, pointing to a year-over-year decline of 12.9%. It is anticipated that revenues will amount to $375.2 million, exhibiting an increase of 19.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial est ...
Dynatrace (DT) Suffers a Larger Drop Than the General Market: Key Insights
Zacks Investment Research· 2024-04-19 23:20
Dynatrace (DT) closed at $45.40 in the latest trading session, marking a -1.86% move from the prior day. This move lagged the S&P 500's daily loss of 0.88%. Meanwhile, the Dow gained 0.56%, and the Nasdaq, a tech-heavy index, lost 2.05%.The the stock of software intellegence company has fallen by 0.39% in the past month, leading the Computer and Technology sector's loss of 3.33% and the S&P 500's loss of 2.57%.Investors will be eagerly watching for the performance of Dynatrace in its upcoming earnings discl ...
Why Dynatrace Is An Excellent Long-Term Buy
Seeking Alpha· 2024-04-17 21:37
Galeanu Mihai Dynatrace (NYSE:DT) is the best in class and highest ranked leader by Gartner in the application process monitoring, APM and observability space. Last April, I had written about closest competitor Datadog (DDOG), recommending buying the stock on declines only, as I felt it was overpriced at that time, as was Dynatrace in my view. I did subsequently buy Datadog and still own it. I bought Dynatrace in March 2024, 25% below its 52-week high of $61 - it looks like a solid investment at these l ...
Dynatrace (DT) Expands Offerings With Google Cloud Integration
Zacks Investment Research· 2024-04-11 14:16
Dynatrace (DT) is expanding its footprint in the unified observability and security landscape through an expanded go-to-market (GTM) partnership with Alphabet’s (GOOGL) cloud business, Google Cloud.The partnership aims to empower more customers worldwide to leverage the Dynatrace platform on Alphabet’s Google Cloud for AI-driven analytics and automation in its cloud-native environment to achieve their digital transformation goals.Through joint sales enablement and marketing initiatives, including customer s ...
Dynatrace (DT) Beats Stock Market Upswing: What Investors Need to Know
Zacks Investment Research· 2024-04-09 23:21
The most recent trading session ended with Dynatrace (DT) standing at $47.73, reflecting a +1.36% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.15%. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq increased by 0.32%.Heading into today, shares of the software intellegence company had gained 1.88% over the past month, outpacing the Computer and Technology sector's gain of 1.32% and the S&P 500's gain of 1 ...
Dynatrace: Don't Miss Out On The Opportunity To Drive Long-Term Portfolio Gains
Seeking Alpha· 2024-03-18 16:10
Jacob Wackerhausen/iStock via Getty Images Introduction & Investment Thesis Dynatrace (NYSE:DT) is a cloud-based observability and security platform that has severely underperformed the indices in YTD. The company recently announced its Q3 FY24 earnings report, where we see that revenue is slowing down sequentially. This has undoubtedly driven investors away from the stock. However, I believe that the sell-off has created a unique opportunity, as the company’s management is making investments in the rig ...
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 ...