Dynatrace (DT) Beats Stock Market Upswing: What Investors Need to Know

Dynatrace (DT) closed at $59.26, up 2.63%, outperforming the S&P 500. The software intelligence company is forecasted to report EPS of $0.49 (up 11.36% YoY) and revenue of $567.79 million (up 14.97% YoY). Full-year estimates project $1.95 EPS and $2.32 billion revenue, both up ~15% YoY. However, the stock trades at a premium valuation with a Forward P/E of 29.69 versus the industry average of 12.53, and carries a Zacks Rank #3 (Hold) rating.