Why Digital Operations Management Company PagerDuty Shares Are Diving Today
Portfolio Pulse from Lekha Gupta
PagerDuty, Inc. (NYSE:PD) shares fell after reporting Q4 FY24 results with revenue and ARR growth but provided a weaker than expected outlook for Q1 and FY25, leading to a premarket drop of 8.46% in its stock price.
March 15, 2024 | 12:36 pm
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PagerDuty's stock price dropped 8.46% premarket after reporting Q4 FY24 results with revenue growth but weaker than expected future outlook.
Despite beating Q4 FY24 revenue and EPS expectations, PagerDuty's stock price fell due to its future revenue and EPS guidance for Q1 and FY25 being below market consensus. This indicates investor concern over the company's growth prospects.
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