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Dynatrace, Inc. (DT) provides a software intelligence platform for dynamic multi-cloud environments. 
It operates Dynatrace, a software intelligence platform, which provides application and microservices monitoring, runtime application security, infrastructure monitoring, digital experience monitoring, business analytics, and cloud automation.
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.
On May 17th, DT reported earnings of $0.33 per share on revenue of $314.48 million for the fiscal fourth quarter ended March 2023. The consensus earnings estimate was $0.22 per share on revenue of $304.96 million. The company beat expectations by 43.48% while revenue grew 24.50% on a year-over-year basis.
Guided Higher: The company said it expects fiscal 2024 non-GAAP earnings of $0.98 to $1.02 per share on revenue of $1.39 billion to $1.41 billion. The prior consensus earnings estimate was $0.99 per share on revenue of $1.36 billion for the year ending March 31, 2024.
Shares have formed a bullish "upward trading channel" and higher share prices are expected. The next earnings report is scheduled for August 2nd.
Entry Point: $53.50
Stop Loss: $50.00
Trading Range: $31.54 to $55.86
Target Price: $58.80
