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Why Dynatrace (DT) Outpaced the Stock Market Today
ZACKS· 2024-07-26 23:21
Market participants will be closely following the financial results of Dynatrace in its upcoming release. The company plans to announce its earnings on August 7, 2024. The company is expected to report EPS of $0.29, up 7.41% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $392.2 million, up 17.82% from the year-ago period. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we'v ...
Dynatrace (DT) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2024-07-17 23:20
Prior to today's trading, shares of the software intellegence company had gained 1.94% over the past month. This has outpaced the Computer and Technology sector's gain of 1.25% and lagged the S&P 500's gain of 4.43% in that time. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.28 per share and revenue of $1.65 billion, indicating changes of +6.67% and +15.59%, respectively, compared to the previous year. Based on our research, we believe these estimate revisions are directly ...
Dynatrace (DT) Increases Despite Market Slip: Here's What You Need to Know
ZACKS· 2024-06-28 23:20
In the latest trading session, Dynatrace (DT) closed at $44.74, marking a +1.66% move from the previous day. This move outpaced the S&P 500's daily loss of 0.41%. Elsewhere, the Dow lost 0.12%, while the tech-heavy Nasdaq lost 0.71%. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.28 per share and revenue of $1.65 billion. These totals would mark changes of +6.67% and +15.58%, respectively, from last year. The Zacks Rank system ranges from #1 (Strong Buy ...
7 Low-Priced Stocks with High Potential: June 2024
Investor Place· 2024-06-28 15:05
When other investors hear low-priced growth stocks, they may think about a specific price target that allows them to accumulate a significant number of shares for a modest capital investment. Still, others might define a low price as a stock trading near its 52-week low. United Parcel Service (NYSE:UPS) is down 22.2% in the last 12 months and is near its 52-week low. That's not surprising because the package delivery company is reporting weak volume in all of its core areas. The company's debt is also at 10 ...
Dynatrace Stock Down 17%. Generative AI Could Boost Shares 33%
Forbes· 2024-06-25 16:09
UKRAINE - 2024/01/19: In this photo illustration, the Dynatrace logo is seen on a smartphone and in ... [+] the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images While many companies are talking about generative AI, very few — notably Nvidia, SuperMicro, and Vertiv — are getting enough of a revenue boost from supporting the AI chatbots to reward investors. There are many software companies now aiming to deploy generative AI in ...
Wall Street Bulls Look Optimistic About Dynatrace (DT): Should You Buy?
ZACKS· 2024-06-20 14:30
Core Viewpoint - Dynatrace has an average brokerage recommendation (ABR) of 1.50, indicating a consensus leaning towards a Strong Buy to Buy rating based on 30 brokerage firms' recommendations [1][10]. Brokerage Recommendations - The ABR reflects a strong positive bias, with 22 out of 30 recommendations classified as Strong Buy, accounting for 73.3% of total recommendations [10]. - The Zacks Rank, which is a separate quantitative model, provides a different perspective on stock performance, with Dynatrace currently holding a Zacks Rank of 3 (Hold) due to unchanged earnings estimates [9][16]. Earnings Estimates - The Zacks Consensus Estimate for Dynatrace's earnings for the current year remains at $1.28, unchanged over the past month [8]. - The stability in earnings estimates suggests that the stock may perform in line with broader market trends in the near term [16]. Analyst Behavior - Analysts from brokerage firms tend to exhibit overly optimistic ratings, often issuing more favorable recommendations than warranted by their research [14]. - The disparity between ABR and Zacks Rank highlights the importance of using multiple indicators for investment decisions, as brokerage recommendations may not always align with retail investors' interests [11][12].
Dynatrace (DT) Aids Security Solutions With Growing Clientele
ZACKS· 2024-06-17 17:05
Total annual recurring revenues (ARR) at the end of fourth-quarter fiscal 2024 increased 21% year over year to $1.5 billion. Building on this momentum, DT extended its presence in the hybrid cloud security and observability landscape through its recent collaboration with Gigamon and Trace3 to launch the Power of 3 Cloud Integration Initiative. Dynatrace Prospects Rides on Expanding Clientele In April, Dynatrace expanded its go-to-market partnership with Alphabet's cloud business, Google Cloud, enhancing AI- ...
Dynatrace (DT) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2024-06-13 23:57
Any recent changes to analyst estimates for Dynatrace should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. You can find more information on all of these metrics, and much more, on Zacks.com. In the latest market close, Dynatrace (DT) reached $46.57, with a -1% movement compared to the previous day. The stock ...
Dynatrace, Inc. (DT) William Blair Growth Stock Conference Call (Transcript)
2024-06-07 04:54
Dynatrace, Inc. (NYSE:DT) William Blair Growth Stock Conference Call June 4, 2024 5:40 PM ET Company Participants Rick McConnell - Chief Executive Officer Conference Call Participants Jake Roberge - William Blair & Company Jake Roberge [Call Starts Abruptly] coming, everyone today. Just to kick things off. My name is Jake Roberge. I'm the research analyst at William Blair that covers Dynatrace. And just for a full list of research disclosures, please visit our website at williamblair.com. But with that, I'd ...
Dynatrace, Inc. (DT) William Blair Growth Stock Conference Call (Transcript)
Seeking Alpha· 2024-06-07 04:54
Company Participants Conference Call Participants Jake Roberge But with that, I'd like to introduce Rick McConnell, CEO of Dynatrace. Thank you for joining us today. My pleasure. Thanks. Good to be here, Jake. Q - Jake Roberge Rick McConnell So that's how we target and do what we do. It turns out that in a cloud world, it is harder, not easier, to make software work perfectly. So what you have is an explosion of data, massive increase in its complexity and these workloads are harder to make work better. So ...