Dynatrace Analysts Cut Their Forecasts After Q4 Results
Portfolio Pulse from Avi Kapoor
Dynatrace, Inc. (NYSE:DT) reported better-than-expected Q4 results and announced a $500 million share buyback program. Despite beating revenue and EPS estimates, analysts have cut their price targets. The company provided guidance for Q1 and fiscal 2025 that fell short of consensus estimates.
May 16, 2024 | 12:59 pm
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Dynatrace reported better-than-expected Q4 results and announced a $500 million share buyback program. Despite this, analysts have cut their price targets due to lower-than-expected guidance for Q1 and fiscal 2025.
While Dynatrace reported strong Q4 results and announced a significant share buyback program, the lower-than-expected guidance for Q1 and fiscal 2025 has led analysts to cut their price targets. This mixed news is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100