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Dynatrace, Inc. (DT) provides a software intelligence platform for the enterprise cloud applications.
It offers Dynatrace, a platform for running an enterprise cloud.
The company's products include AppMon, Classic Real User Monitoring, Network Application Monitoring, and Synthetic Classic. Its platform allows its customers to modernize and automate IT operations, develop and release software, and enhance user experiences.
The company also offers implementation, consulting, and training services. Dynatrace, Inc. markets its products through a combination of direct sales team and a network of partners, including resellers, system integrators, and managed service providers. It serves customers in various industries comprising banking, insurance, retail, manufacturing, travel, and software.
Shares of this recent IPO have formed a bullish "cup and handle" and are breaking out of this formation. On October 30th, Dynatrace reported a 2nd Quarter September 2019 loss of $0.53 per share on revenue of $129.4 million. The consensus estimate was a loss of $0.55 per share.
The company said it expects third quarter earnings of $0.06 to $0.07 per share on revenue of $137.0 million to $138.0 million. The current consensus earnings estimate is $0.06 per share on revenue of $134.0 million for the quarter ending December 31, 2019. The company said it expects fiscal 2020 earnings of $0.23 to $0.24 per share on revenue of $533.0 million to $535.0 million. The company's previous guidance was earnings of $0.20 to $0.22 per share on revenue of $521.0 million to $524.0 million and the current consensus earnings estimate is $0.21 per share on revenue of $522.9 million for the year ending March 31, 2020.
Higher share prices are expected for this stock.
Entry Point: $28.00
Trading Range: $17.05 to $29.65
Stop Loss: $26.40
Target Price: $30.80
DT closed at $31.50
