Why Dynatrace Stock Dropped Today
Shares of Dynatrace (NYSE: DT) finished the day lower even though the software-as-a-service (SaaS) stock posted a better-than-expected earnings report for the second quarter. But investors may have been disappointed that guidance didn't seem to reflect that momentum. The broader sell-off in the market on concerns about rising coronavirus cases in the U.S. and Europe also weighed on the stock.
The stock finished the day down 11.5%, while the S&P 500 lost 3.5% and the S&P 500 gave up 3.7%.
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Source Fool.com
