tl;dr
Dynatrace (NYSE:DT) experienced a 7% drop in share value despite its third quarter 2024 financial results surpassing analysts' expectations. The company reported earnings per share of $0.32, exceeding estimates by $0.04, and revenue of $365M, beating expectations by $7.27M. Looking forward to the fo...
Dynatrace (NYSE:DT) experienced a 7% drop in share value despite its third quarter 2024 financial results surpassing analysts' expectations. The company reported earnings per share of $0.32, exceeding estimates by $0.04, and revenue of $365M, beating expectations by $7.27M. Looking forward to the fourth quarter, Dynatrace anticipates revenue between $372M and $377M, slightly above the market estimate of $373M, with an expected revenue per share of $0.27, surpassing the average estimate of $0.25. In addition, Dynatrace announced an extended partnership with Amazon Web Services and an acquisition of Runecast to enhance its artificial intelligence capabilities.
Despite the positive financial results and strategic moves, Dynatrace faced concerns over lower forward ARR guidance from some analysts, with Raymond James emphasizing the importance of upcoming quarters for assessing the company as a true 'platform'. However, Dynatrace's Chief Financial Officer, Jim Benson, remained optimistic about the observability market opportunity, the healthy demand environment, and the pace of pipeline growth.
More about Dynatrace Holdings LLC
Dynatrace Holdings LLC, a provider of software intelligence platform for dynamic multi-cloud environments, has a market capitalization of $17.54 billion. The stock is currently trading at $102.72, with a 0.58% increase. The Relative Strength Index (RSI) is at 62.12, indicating a neutral sentiment, and the Bollinger Bands show a narrow range of 4.461. The company's stock performance has been relatively stable, with a minimal increase, and the market sentiment is not strongly bullish or bearish. However, it's important to note that past performance is not always indicative of future results, and there are potential risks and uncertainties associated with the stock's performance.
More about Amazon.com Inc
Amazon.com Inc is a leading multinational technology company with a focus on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is part of the Big Five in the U.S. information technology industry. The company is considered one of the most influential economic and cultural forces globally and has been recognized as the world's most valuable brand. In the retail-catalog & mail-order industry, Amazon.com Inc has a market cap of $1,771,363,238,000, with a P/E ratio of 58.8 and a dividend yield of 2.9%. The stock has a 52-week high of $189.81 and a low of $50.69, with a current price of $55.78. Market sentiment is currently at 0.0529, indicating a neutral outlook. It's important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with investing in Amazon.com Inc.
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