Dynatrace (NYSE:DT) Releases FY 2020 Earnings Guidance

Dynatrace (NYSE:DT) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.20-0.22 for the period. The company issued revenue guidance of $521-524 million, compared to the consensus revenue estimate of $512.08 million.Dynatrace also updated its Q2 2020 guidance to $0.04-0.04 EPS.

DT stock traded up $0.88 during midday trading on Wednesday, reaching $23.98. 1,089,906 shares of the company were exchanged, compared to its average volume of 1,325,971. Dynatrace has a one year low of $20.46 and a one year high of $27.48.

A number of equities analysts have commented on DT shares. Macquarie started coverage on shares of Dynatrace in a research report on Monday, August 26th. They set a neutral rating and a $25.00 price objective for the company. UBS Group started coverage on shares of Dynatrace in a research report on Monday, August 26th. They set a buy rating and a $33.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Dynatrace in a research report on Monday, August 26th. They set an overweight rating and a $30.00 price objective for the company. Barclays started coverage on shares of Dynatrace in a research report on Monday, August 26th. They set an overweight rating and a $30.00 price objective for the company. Finally, Goldman Sachs Group started coverage on shares of Dynatrace in a research report on Monday, August 26th. They set a neutral rating and a $26.00 price objective for the company. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $26.46.

Dynatrace Company Profile

Dynatrace, Inc 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.

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Earnings History and Estimates for Dynatrace (NYSE:DT)

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