The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Datadog (NASDAQ:DDOG) and the rest of the software development stocks fared in Q4.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the software development industry, including PagerDuty (NYSE:PD) and its peers.
Growth is a hallmark of all great companies, but the laws of gravity eventually take hold.
Those who rode the COVID boom and ensuing tech selloff in 2022 will surely remember that the market’s punishment can be swift and severe when trajectories fall.
Mid-cap stocks often strike the right balance between having proven business models and market opportunities that can support $100 billion corporations.
However, they face intense competition from scaled industry giants and can be disrupted by new innovative players vying for a slice of the pie.
Over the past six months, Dynatrace’s stock price fell to $48.12. Shareholders have lost 5.1% of their capital, which is disappointing considering the S&P 500 has climbed by 1.5%. This may have investors wondering how to approach the situation.
Growth is oxygen.
But when it evaporates, the consequences can be extreme - ask anyone who bought Cisco in the Dot-Com Bubble (Nvidia?) or newer investors who lived through the 2020 to 2022 COVID cycle.
Internet security and content delivery network Cloudflare (NYSE:NET)
will be reporting results tomorrow after market hours. Here’s what investors should know.
Application performance monitoring software provider Dynatrace (NYSE:DT) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 19.5% year on year to $436.2 million. Guidance for next quarter’s revenue was better than expected at $434.5 million at the midpoint, 1.7% above analysts’ estimates. Its non-GAAP profit of $0.37 per share was 11.7% above analysts’ consensus estimates.
