tl;dr
The strength reported by Microsoft (MSFT) and Google (GOOG) (GOOGL) in their respective cloud computing units last week could have positive implications for the broader cloud computing software industry as a whole, investment firm Baird said. "Strong data points to kick off earnings season from both...
The strength reported by Microsoft (MSFT) and Google (GOOG) (GOOGL) in their respective cloud computing units last week could have positive implications for the broader cloud computing software industry as a whole, investment firm Baird said. "Strong data points to kick off earnings season from both Azure and Google Cloud, which should be directionally positive for our cloud data leaders - SNOW, MDB, DDOG and DT - boosting those stocks to end the week," analysts at the investment firm said, referencing Snowflake (NYSE:SNOW), MongoDB (NASDAQ:MDB), Datadog (NASDAQ:DDOG) and Dynatrace (NYSE:DT). Snowflake was up 0.8% in mid-day trading, while MongoDB, Datadog and Dynatrace fell at least 1% each. A consensus of analysts expect Seattle-based Amazon to earn $0.83 on revenue of $142.56B in sales when it reports on April 30, implying a rise of 11.9% during the quarter. Investors will also look into capital expense for the quarter, especially after the company said it anticipates spending for 2024 to increase year-over-year, primarily driven by increased infrastructure to support AWS growth and additional investments in generative AI among others. MongoDB is slated to host an investor event on May 2, followed by Datadog, which will discuss its first-quarter results on May 7. Snowflake is set to discuss its first-quarter results of fiscal 2025 on May 22. Dynatrace has not yet set a date, according to its investor relations website.
More about Microsoft Corporation
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Microsoft Corporation is an American multinational technology company which produces computer software, consumer electronics, personal computers, and related services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue; it was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 301.99 billion
Current Price: $35.21
Change: 2.93 ( 11.54%)
52-Week Range: $31.83 - $462.44
EPS: 0.364
Volume: 236,583,993
Dividend Yield: 0.2%
Beta: 0.17
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More about Alphabet Inc Class C
Alphabet Inc Class C Summary Alphabet Inc Class C Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Company Details
Sector: Technology
Services: Computer Programming, Data Processing, etc.
Market Cap: 2.147 billion
P/E Ratio: 29.95
Dividend Yield: None
Technical Indicators
Relative Strength Index (RSI): 25.37
Price-to-Earnings Growth (PEG): 0.259
Market Cap: 318.15 billion
Stock Price: $165.29
Earnings Per Share (EPS): 0.609
Dividend Per Share (DPS): 0.154
More about Alphabet Inc Class A
Alphabet Inc Class A Summary Alphabet Inc Class A Summary
Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.
Key Information
Sector: TECHNOLOGY
Industry: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
Market Cap: 2,147,724,165,000
PE Ratio: 29.7
Dividend Yield: None
EPS: 5.79
52-Week High: 25.37
52-Week Low: 0.259
Shares Outstanding: 318,145,987,000
Beta: 166.71
Price to Book: 0.609
Price to Sales: 0.154
More about Snowflake Inc.
Stock Market Analysis: Snowflake Inc.
Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company is headquartered in San Mateo, California.
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 52.85 billion
Dividend Yield: None
EPS: None
Price/Earnings Ratio: -2.55
Price/Book Ratio: 8.56
Beta: -0.298
Volume: 2,806,489,000
Market Price: $219.71
52-Week High/Low: $0, 0
RSI (14): 0.315
More about MongoDB
Technical Analysis: MongoDB, Inc. (NASDAQ: MDB)
Company Overview:
MongoDB, Inc. provides a global general purpose database platform. The company is headquartered in New York, New York.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: $27.95 billion
Dividend Yield: None
Beta (5Y Monthly): -2.49
Price/Earnings Ratio (TTM): 23.62
Earnings per Share (TTM): -0.105
Revenue: $1.683 billion
Shares Outstanding: 448.06 million
Float: 0
% Held by Insiders: 0.268
More about Datadog Inc
Datadog Inc Stock Analysis Datadog Inc Stock Analysis Summary
Datadog, Inc. provides an analytics and monitoring platform for developers, information technology operations teams, and business users in the cloud in North America and internationally. The company is headquartered in New York, New York.
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: $43.93 billion
Stock Price: $938.93
Dividend Yield: None
P/E Ratio: 6.57
EPS: 0.0228
Volume: 2,128,359,000
52-Week High: $149.36
52-Week Low: $0
Relative Strength Index (RSI): 0.256
More about Dynatrace Holdings LLC
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Dynatrace Holdings LLC, Dynatrace, Inc. provides a software intelligence platform for dynamic multi-cloud environments. The company is headquartered in Waltham, Massachusetts.
Industry: TECHNOLOGY, SERVICES-PREPACKAGED SOFTWARE
Market Cap: 13,941,553,000
Current Price: 71.36
Dividend Yield: None
P/E Ratio: 0.66
EPS: 4.666
ROE: 0.144
Volume: 1,364,157,000
52-Week High: 62.8
52-Week Low: 1.8
Beta: 0.227
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