Here’s What Investors Should Watch With Dynatrace Inc. (DT)

Dynatrace Inc. (DT) exceeded Wall Street’s expectations in the third quarter. Dynatrace’s ‎product demand peaked during the pandemic, leading to a rise in subscription revenues.‎

Dynatrace provides programs to monitor corporate computer systems. Among other things, ‎Dynatrace’s smart algorithms can prevent problems with access to web resources and help ‎identify implicit data center problems.‎


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Dynatrace’s revenue last quarter grew 28 % to $182.9 million and surpassed analysts’ ‎expectations of US$172.3 million. The quarter’s subscription revenue increased by 33 ‎percent to $ 170.3 million, while annual recurring revenue grew by 35 percent to $ 722 ‎million. More than 20 percent of sales came from existing customers, an indication of ‎possible sustained growth.‎

Dynatrace Inc. (DT) announced adjusted operating revenue of $53.4 million, which is almost ‎‎40% more than a year ago. As a result, adjusted earnings per share were $0.17, beating ‎expectat0.17.‎

During the quarter, Dynatrace offered a wide range of security-related services targeting ‎the approximately $18 billion cloud application security market and bolstered partnerships ‎with Google Cloud Platform and Microsoft Azure.‎

Dynatrace intends to maintain its growth momentum in the fourth quarter based on its ‎strong position in the IT monitoring market. Fast-paced digitization and the development of ‎cloud computing are two of the company’s key growth drivers. According to management, ‎the company’s fourth-quarter revenue will grow by 26 to 28 percent, between $190 and ‎‎$192 million. The adjusted earnings per share may be between $0.13 and $0.14.‎

Dynatrace Inc. (NYSE: DT) is trading at around $51.75, which means its value has risen ‎‎202.63% from its 52-week low. DT shares have hit a high of $53.17 and a low of $50.28 in ‎intraday trading. The company’s shares have recently reached highs of $52.48 and lows of ‎‎$17.10 over the last 52 weeks, with intraday movements of just 3.25%.‎

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Important Earnings

Insider Watchlist

We do not sell or share your information with anyone.