Keep Your Eyes on This Stock Alert: Dynatrace, Inc. (NYSE: DT)
On Friday, Dynatrace Inc (NYSE: DT) remained among the day gainers and traded with change of 1.71% on volume of 413,611 shares in the last session as compared to average volume of 716416 shares. During last trade its minimum price was $20.85 and it gained highest price of $21.64. DT has total market capitalization of $6017583214. Its closing value stands at $21.45.
Dynatrace (NYSE: DT) recently released financial results for the second quarter of its fiscal 2020 ended September 30, 2019.
Second Quarter Fiscal 2020 and Other Recent Business Highlights:
Financial Highlights:
- Total Revenue of $129.4M, a raise of 27% contrast to $101.9M in Q2 2019
- Total ARR of $470.9M, a raise of 44% contrast to $326.4M at the end of Q2 2019
- Subscription and Services revenue of $126.6M, a raise of 37% contrast to $92.2M in Q2 2019, and representing 98% of total revenue
- GAAP Operating loss of $(154.5)M and Non-GAAP Operating Income of $29.4M
- GAAP EPS of $(1.58) and non-GAAP EPS of $0.06
Dynatrace® Platform Highlights:
- Ended the quarter with 1,828 Dynatrace consumers, a sequential increase of 250 from the end of Q1 2020
- Dynatrace Dollar-Based Net Expansion rate greater than 120% for the sixth consecutive quarter
- Dynatrace ARR represents 80% of total ARR, increasing from 75% of total ARR at the end of Q1 2020
Business Highlights:
- Completed our initial public offering and listed our shares on the New York Stock Exchange on August 1, 2019. The offering resulted in about $622.0M in gross primary proceeds and $590.3M of net proceeds.
- Reported Digital Business Analytics, a new module to the Dynatrace Software Intelligence Platform. Digital Business Analytics provides real-time, AI-powered answers to business questions from observability data already flowing through the Dynatrace platform.
- To support a growing number of webscale, multi-cloud implementations, Dynatrace doubled the capacity of a cluster which now scales to 50,000 hosts per cluster, and added support for the clustering of clusters for software intelligence scalability without limits.
Third Quarter of Fiscal Year 2020:
- Total revenue is predictable to be in the range of $137M to $138M
- Non-GAAP operating income is predictable to be in the range of $30M to $31M
- Non-GAAP net income is predictable to be in the range of $18M to $19M
- Non-GAAP net income per diluted share is predictable to be in the range of $0.06 to $0.07, based on about 282M diluted weighted-average shares
Full Year Fiscal 2020:
- Total revenue is predictable to be in the range of $533M to $535M
- Total ARR is predictable to be in the range of $550M to $555M
- Non-GAAP operating income is predictable to be in the range of $119M to $121M
- Non-GAAP net income is predictable to be in the range of $64M to $67M
- Non-GAAP net income per diluted share is predictable to be in the range of $0.23 to $0.24, based on about 275M diluted weighted-average shares
The Technology sector company, Dynatrace observed return of 10.57% in 5 days trading activity. The stock was at 19.63% over one-month performance. DT’s shares are at -10.51% for the quarter and is now at -10.06% since this point in 2018. The average volatility for the week at 5.46% and for month was at 5.86%.
Willard Shelton – Technology
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