Software Development Stocks Surge 36.3% on Average After Strong Q1 Earnings

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

The 12 software development stocks tracked by this publication reported a strong first quarter, with revenues beating analysts' consensus estimates by 2.9% and next quarter's revenue guidance coming in 1.4% above expectations. Share prices have risen 36.3% on average since the latest earnings results. Twilio posted revenues of $1.41 billion, up 20% year on year and exceeding estimates by 4.7%, while Datadog achieved the biggest analyst estimate beat with revenues of $1.01 billion, up 32.2% year on year. Akamai delivered the weakest performance, with revenues of $1.07 billion, up 5.8% year on year and in line with expectations. Cloudflare recorded the fastest revenue growth in the group at 33.5% year on year, reaching $639.8 million.

Impact on stocks 5

Cloud & Digital Infrastructure▲ · 5 stocks
Datadog Inc
DDOG
▲ PositiveCapitalrelevance

Datadog achieved the biggest analyst estimate beat with revenues up 32.2% year on year.

Twilio Inc
TWLO
▲ PositiveCapitalrelevance

Twilio posted revenues up 20% year on year, exceeding estimates by 4.7%.

Cloudflare Inc
NET
▲ PositiveCapitalrelevance

Cloudflare recorded the fastest revenue growth in the group at 33.5% year on year.

Akamai Technologies Inc
AKAM
± MixedCapitalrelevance

Akamai's Q1 revenue was in line with expectations, the weakest in the group, but the sector overall surged.

Theme Impact 1

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