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NYSE:MSP

Datto (MSP) Stock Price, News & Analysis

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About Datto Stock (NYSE:MSP)

Key Stats

Today's Range
$35.18
$35.18
50-Day Range
$33.41
$35.18
52-Week Range
$20.76
$35.36
Volume
4,889 shs
Average Volume
990,522 shs
Market Capitalization
$5.81 billion
P/E Ratio
135.31
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

Datto Holding Corp. provides cloud-based software and technology solutions for delivery through the managed service provider (MSP) channel to small and medium businesses in the United States and internationally. Its Unified Continuity products include Business Continuity and Disaster Recovery that protects servers and workstations, and minimize downtime; Cloud Continuity, an image-based continuity solution for laptops and desktops; SaaS Protection +, an automated and secure backup and restoration product; Workplace, a cloud-hosted file sync and share solution, which enable end-users to synchronize files across platforms, including mobile devices; and File Protection, an MSP-managed secure and scalable backup product that enables MSPs to protect and recover files and folders on workstations and laptops. The company's networking Products comprise access points, switches, edge routers, and managed power devices. Its business management products consist of Autotask Professional Services Automation, an IT business management product; and remote monitoring and management. The company was formerly known as Merritt Topco, Inc. and changed its name to Datto Holding Corp. in January 2020. Datto Holding Corp. was founded in 2007 and is headquartered in Norwalk, Connecticut.

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MSP Stock News Headlines

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Elon Musk just issued an urgent warning… It's no secret that Musk is able to move markets with his words…
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Monti Saroya
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MSP Stock Analysis - Frequently Asked Questions

Datto Holding Corp. (NYSE:MSP) released its earnings results on Wednesday, November, 10th. The investment management company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.11. The investment management company earned $157.89 million during the quarter, compared to analyst estimates of $154.03 million. Datto had a net margin of 6.84% and a trailing twelve-month return on equity of 3.65%.

Datto (MSP) raised $561 million in an initial public offering on Wednesday, October 21st 2020. The company issued 22,000,000 shares at a price of $24.00-$27.00 per share. Morgan Stanley, BofA Securities, Barclays and Credit Suisse served as the underwriters for the IPO and Citigroup, Jefferies, RBC Capital Markets, Evercore ISI, BMO Capital Markets, Macquarie Capital, Mizuho Securities, William Blair, Ramirez & Co. and Siebert Williams Shank were co-managers.

Based on aggregate information from My MarketBeat watchlists, some other companies that Datto investors own include Netflix (NFLX), Domino's Pizza (DPZ), HubSpot (HUBS), Tesla (TSLA), CrowdStrike (CRWD), Alibaba Group (BABA) and Walt Disney (DIS).

Company Calendar

Last Earnings
11/10/2021
Today
11/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Prepackaged Software
Sub-Industry
N/A
Fax
N/A
Employees
2,089
Year Founded
N/A

Profitability

Net Income
$51.43 million
Pretax Margin
7.65%

Debt

Sales & Book Value

Annual Sales
$618.66 million
Cash Flow
$0.78 per share
Book Value
$11.11 per share

Miscellaneous

Free Float
156,124,000
Market Cap
$5.81 billion
Optionable
Not Optionable
Beta
-0.27
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This page (NYSE:MSP) was last updated on 11/2/2024 by MarketBeat.com Staff
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