Dynatrace stock rallies on bullish outlook
Dynatrace Inc.'s stock (DT) is up 9% in premarket trades on Wednesday after the cloud software and security company beat its fourth-quarter earnings forecast and issued a fiscal 2024 profit outlook that surpassed analyst forecasts. Dynatrace said its fourth-quarter adjusted profit totaled 31 cents a share, ahead of the forecast of 22 cents a share, according to analyst estimates compiled by FactSet. Revenue of $314.5 million beat the estimate of $305.5 million. Looking ahead, Dynatrace expects fiscal first-quarter earnings of 22 cents a share, which matches the analyst estimate of 22 cents a share. It's also forecasting first-quarter revenue of $325 million to $328 million, ahead of the analyst estimate of $319.3 million. For 2024, Dynatrace expects earnings of 98 cents to $1.02 a share, ahead of the analyst estimate of 97 cents a share.
-Steve Gelsi
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
05-17-23 0731ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
Which AI Stocks Are Turning Hype Into Revenue?
-
Best- and Worst-Performing Stocks of May 2024
-
3 Stocks to Buy and 3 Stocks to Sell in June
-
Markets Brief: Friday’s Job Report in Focus
-
These Stocks Are (Still) Powering the Bull Market
-
5 Undervalued Energy Stocks to Play the AI Data Center Demand Boom
-
After Earnings, Is Lowe’s Stock a Buy, Sell, or Fairly Valued?
-
5 Stocks With the Largest Fair Value Estimate Cuts After Q1 Earnings
-
After Earnings, Is MongoDB Stock a Buy, a Sell, or Fairly Valued?
-
Where We See Opportunities in June as Stocks Recover Losses
-
10 Top-Performing Dividend Stocks of the Month
-
10 Cheap Dividend-Growth Stocks to Buy
-
Manager: Nvidia Will Be Biggest Company in the World
-
The Best Utilities Stocks to Buy
-
3 Cheap Dividend Stocks to Buy Yielding 4% or More
-
After Earnings, Is Salesforce Stock a Buy, Sell, or Fairly Valued?