Splunk's new Security Cloud to accelerate transition, says William Blair » 11:0906/2206/22/21
SPLK, DT, DDOG
After Splunk (SPLK)…
After Splunk (SPLK) announced a $1B investment in the form of convertible senior notes from Silver Lake, as well as the new Splunk Security Cloud offering, William Blair analyst Kamil Mielczarek noted that Splunk plans to use the proceeds to invest in growth and buy back shares. The analyst expects Splunk's new Security Cloud offering to accelerate the company's transition and noted that Splunk also announced Security Analytics for AWS, available later this month. Product enhancements better position Splunk to maintain its leadership position in security analytics and and while competitors Dynatrace (DT) and Datadog (DDOG) have recently began to ramp up their own cloud-based security offerings, Mielczarek does not expect Splunk to "feel any competitive pressures for at least the next two to three years," the analyst said. Mielczarek keeps an Outperform rating on Splunk shares.
|Over a month ago|
Dynatrace CEO sells 133.9K shares of common stock » 20:2705/1805/18/21
In a regulatory filing,…
In a regulatory filing, Dynatrace disclosed that its CEO John Van Siclen sold 133.9K shares of common stock on May 17th in a total transaction size of $6.29M, reducing his stake by about 11%.
Cantor Fitzgerald technology analysts hold an analyst/industry conference call » 09:1505/1805/18/21
Technology Analysts, along with Bernd Herzog, CEO of APM Experts, William Floyd, CIO & CTO at Maxxsure, and a current customer of Dynatrace and key decision maker for selecting Dynatrace, VP of Technology Xu at Eta Compute, provide an unbiased look at Dynatrace, the competitive landscape and opportunities within APM and Observability on an Analyst/Industry conference call to be held on May 18 at 11 am. Webcast Link
Dynatrace price target lowered to $53 from $56 at Jefferies » 09:0005/1805/18/21
Jefferies analyst Brent…
Jefferies analyst Brent Thill lowered the firm's price target on Dynatrace to $53 from $56 and keeps a Hold rating on the shares. Thill has cut his price targets across 70% of his covered companies in software to account for multiple compression in the space, telling investors that he believes software valuations are "taking a breather post their massive run" in 2020. However, he notes that valuations for "quality software names" are still 15%-20% above their trough levels and he continues to be positive long-term given what he sees as the group's "strong fundamentals."
Dynatrace price target raised to $67 from $63 at Citi » 06:1305/1305/13/21
Citi analyst Tyler Radke…
Citi analyst Tyler Radke raised the firm's price target on Dynatrace to $67 from $63 and keeps a Buy rating on the shares. The company delivered a "solid beat and raise" Q4, which showed signs of sustained 30% growth, with improved execution and a strengthening demand backdrop, Radke tells investors in a research note. Further, Dynatrace raised its long-term growth target to 30% from 25%, which addresses concerns around decelerating growth and rising competition, says the analyst.
Fly Intel: Pre-market Movers » 08:5905/1205/12/21
LHDX, EYES, DT, WEN, FUBO, EA, LITE, TSEM, WWW, LMND, ARRY, GO, AMRN
Check out this morning's…
Dynatrace reports Q4 adjusted EPS 15c, consensus 14c » 06:4105/1205/12/21
Reports Q4 total revenue…
Reports Q4 total revenue $197M, consensus $191.81M. Reports Q4 subscription revenue $183M.
Dynatrace sees FY22 adjusted EPS 59c-62c, consensus 63c » 06:3905/1205/12/21
Sees FY22 total revenue…
Sees FY22 total revenue $885-$900M, consensus $868.24M. Subscription revenue is expected to be in the range of $834M-$848M, 27% to 29% growth as reported, and 25% to 27% on a constant currency basis.
Dynatrace reports Q1 adjusted EPS 14c-15c, consensus 14c » 06:3805/1205/12/21
Sees Q1 total revenue…
Sees Q1 total revenue $202M-$204M, consensus $197.04M. Subscription revenue is expected to be in the range of $190.5M-$192M, 32% to 33% growth as reported, 27% to 28% on a constant currency basis.
Dynatrace reports Q4 adjusted EPS 15c, consensus 14c » 06:3605/1205/12/21
Reports Q4 subscription…
Reports Q4 subscription revenue $183M, consensus $191.81M.