As the Q4 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the cloud monitoring industry, including Nutanix (NASDAQ: NTNX) and its peers.

Software is eating the world, increasing organizations’ reliance on digital-only solutions. As more workloads and applications move to the cloud, the reliability of the underlying cloud infrastructure becomes ever more critical and ever more complex. To solve this challenge, companies and their engineering teams have turned to a range of cloud monitoring tools that provide them with the visibility to troubleshoot issues in real-time.

The 4 cloud monitoring stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 2.2% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 6.9% since the latest earnings results.

Nutanix (NASDAQ: NTNX)

Originally pioneering hyperconverged infrastructure to break down traditional data center silos, Nutanix (NASDAQ: NTNX) provides a unified software platform that enables organizations to run applications and manage data across private, public, and hybrid cloud environments.

Nutanix reported revenues of $722.8 million, up 10.4% year on year. This print exceeded analysts’ expectations by 1.8%. Despite the top-line beat, it was still a slower quarter for the company with revenue guidance for next quarter missing analysts’ expectations and a significant miss of analysts’ billings estimates.

Unsurprisingly, the stock is down 4.3% since reporting and currently trades at $36.80.

Is now the time to buy Nutanix? Access our full analysis of the earnings results here, it’s free.

Best Q4: Dynatrace (NYSE: DT)

With its platform processing over 30 trillion pieces of IT performance data daily, Dynatrace (NYSE: DT) provides an AI-powered platform that helps organizations monitor, secure, and optimize their applications and IT infrastructure across cloud environments.

Dynatrace reported revenues of $515.5 million, up 18.2% year on year, outperforming analysts’ expectations by 1.9%. The business had a strong quarter with full-year EPS guidance exceeding analysts’ expectations and EPS guidance for next quarter beating analysts’ expectations.

Dynatrace achieved the highest full-year guidance raise among its peers. However, the results were likely priced into the stock as it’s traded sideways since reporting. Shares currently sit at $33.55.

Is now the time to buy Dynatrace? Access our full analysis of the earnings results here, it’s free.

PagerDuty (NYSE: PD)

Born from the frustration of developers being woken up by unprioritized alerts, PagerDuty (NYSE: PD) is a digital operations management platform that helps organizations detect and respond to IT incidents, outages, and other critical issues in real-time.

PagerDuty reported revenues of $124.8 million, up 2.7% year on year, exceeding analysts’ expectations by 1.3%. Still, it was a slower quarter as it posted full-year guidance of slowing revenue growth.

PagerDuty delivered the weakest performance against analyst estimates and slowest revenue growth in the group. The company lost 47 customers and ended up with a total of 15,351. As expected, the stock is down 20.1% since the results and currently trades at $5.81.

Read our full analysis of PagerDuty’s results here.

Datadog (NASDAQ: DDOG)

Named after a database the founders had to painstakingly look after at their previous company, Datadog (NASDAQ: DDOG) provides a software platform that helps organizations monitor and secure their cloud applications, infrastructure, and services.

Datadog reported revenues of $953.2 million, up 29.2% year on year. This result topped analysts’ expectations by 3.8%. Taking a step back, it was a mixed quarter as it also recorded an impressive beat of analysts’ billings estimates but full-year EPS guidance missing analysts’ expectations significantly.

Datadog pulled off the biggest analyst estimates beat and fastest revenue growth, but had the weakest full-year guidance update among its peers. The company added 250 enterprise customers paying more than $100,000 annually to reach a total of 4,310. The stock is down 2.8% since reporting and currently trades at $110.77.

Read our full, actionable report on Datadog here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.