|Over a month ago|
Datto upgraded to Overweight with $35 target at Barclays » 06:2112/1712/17/20
Barclays analyst Saket…
Barclays analyst Saket Kalia upgraded Datto Holding to Overweight from Equal Weight with an unchanged price target of $35. The company's net new annual recurring revenue has been negatively impacted by COVID-19, and so cyclical improvement could drive improvement, Kalia tells investors in a research note. The analyst thinks consensus estimates represent a "base case" and that ARR acceleration could happen sooner than expected. Further, Datto shares are "reasonably valued," contends Kalia.
Datto upgraded to Overweight from Equal Weight at Barclays » 04:4912/1712/17/20
Barclays analyst Saket…
Barclays analyst Saket Kalia upgraded Datto Holding to Overweight from Equal Weight with a $35 price target.
Datto to hold virtual meeting » 08:2512/0912/09/20
Datto to hold virtual meeting » 04:5512/0912/09/20
Datto to hold virtual meeting » 16:0912/0212/02/20
new option listings on November 25th » 08:3011/2511/25/20
ABIO, AHCO, DMTK, DRIV, EDOC, EKSO, FAN, GP, KZIA, MSP, QLGN, ROOT, RVMD, TCON
New option listings for…
New option listings for November 25th include ARCA Biopharma (ABIO), AdaptHealth Corporation (Class A Stock) (AHCO), DermTech Inc (DMTK), Global X Autonomous and Electric Vehicles (DRIV), Direxion Daily Industrials Bull 3x Shares (DUSL), Global X E commerce ETF (EBIZ), Global X Telemedicine and Digital Health (EDOC), Ekso Bionics (EKSO), First Trust ISE Global Wind Energy Index Fund (FAN), Fidelity Low Volatility Factor ETF (FDLO), First Trust DJ Global Select Dividend Index Fund (FGD), GreenPower Motor Company Inc (GP), Direxion Daily South Korea Bull 3X Shares (KORU), Kazia Therapeutics Ltd (ADS) (KZIA), Datto Holding Corp (MSP), Qualigen Therapeutics Inc (QLGN), Root Inc (ROOT), Revolution Medicines Inc (RVMD), TRACON Pharmaceuticals (TCON), Direxion Daily Transportation Bull 3x Shares (TPOR), and WisdomTree Cloud Computing Fund (WCLD).
Fly Intel: After-Hours Movers » 19:0611/2311/23/20
FFHL, CANG, NTNX, AMBA, MSP, APYX, STIM, ENTA, ARWR, URBN, A, DAC
Check out this evening's…
Datto reports Q3 subscription revenue grew 17% y/y to $122.8M » 16:2011/2311/23/20
ARR grew 17%…
ARR grew 17% year-over-year to $522.8M. "We are pleased to report strong third-quarter 2020 results as a newly public company. Both subscription revenue and ARR grew 17 percent year-over-year driven by expansion from existing managed service provider partners as they deployed more Datto solutions to more of their end clients, and by the addition of new partners," said Tim Weller, Datto's CEO. "Our sequential ARR growth of $16 million is evidence of the reacceleration of our business and the tailwinds from the digital transformation of small and medium businesses (SMBs). We continue to create enterprise-grade technology for SMBs delivered through our growing, global network of managed service provider partners. Our commitment to the MSP ecosystem is what makes Datto unique - it is the foundation of our strategy and culture."
Datto sees FY20 revenue $512.8M-$514.8M, consensus $509.91M » 16:1811/2311/23/20
Sees FY20 adjusted EBITDA…
Sees FY20 adjusted EBITDA $147.7-$148.7M.
Datto sees Q4 revenue $133M-$135M, consensus $130.62M » 16:1711/2311/23/20
Sees Q4 adjusted EBITDA…
Sees Q4 adjusted EBITDA $38M-$39M.