Streetbeat News

PagerDuty, Inc.

https://www.pagerduty.com

Industry

Software - Application

PagerDuty, Inc. operates a digital operations management platform in the United States, Japan, and internationally. Its digital operations management platform collects data digital signals from virtually any software-enabled system or device, and leverage powerful machine learning to correlate, process, and predict opportunities and issues. It serves various industries, including software and technology, telecommunications, retail, travel and hospitality, media and entertainment, and financial services. PagerDuty, Inc. was founded in 2009 and is headquartered in San Francisco, California.

Open

16.52

Mkt cap

1.7B

Volume

4.3M

High

18.45

P/E Ratio

-31.15

52-wk high

23.85

Low

16.52

Div yield

N/A

52-wk low

15.49

Morgan Stanley analyst Sanjit Singh has maintained an Overweight rating on PagerDuty (NYSE:PD) but has reduced the price target from $32 to $30.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 2:22 pm

U.S. stocks are expected to start cautiously in December after a mixed close in November. Traders are watching Fed Chair Powell's speeches for rate outlook clues. Salesforce (CRM) shares surged 9% after quarterly results, influencing the Dow's advance. The S&P 500 and Nasdaq had their best month since July 2022. Futures are mixed, with SPY slightly up and QQQ down in premarket trading. Dell (DELL) shares fell post-earnings, while PagerDuty (PD), Ulta Beauty (ULTA), and UiPath (PATH) rose on earnings news. Tesla (TSLA) shares dropped after the Cybertruck event. Economic data and Fed speeches are in focus, with potential impacts on market volatility and direction.

Portfolio Pulse from Shanthi Rexaline

December 01, 2023 | 12:25 pm

Genesco Inc. is expected to report earnings before the opening bell, while Dell Technologies reported mixed Q3 results with higher earnings but missed sales estimates. PagerDuty posted strong Q3 results and raised FY24 guidance. Ulta Beauty announced positive Q3 sales and increased full-year projections, with news of CFO retirement in 2024. UiPath also reported strong Q3 financials. Dell, Genesco, and PagerDuty stocks moved post-market, while Ulta Beauty and UiPath saw significant after-hours gains.

Portfolio Pulse from Lisa Levin

December 01, 2023 | 8:44 am

PagerDuty has increased its FY24 total revenue forecast from $426M-$430M to $429M-$431M, surpassing the estimated $428.44M. Additionally, the company has raised its adjusted EPS guidance from $0.60-$0.65 to $0.72-$0.73, which is higher than the estimated $0.64.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:23 pm

PagerDuty has provided guidance for Q4, expecting total revenue to be between $109.5M and $111.5M, which brackets the estimate of $110.29M. The company also anticipates adjusted EPS to be $0.14 - $0.15, exceeding the estimate of $0.13.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:20 pm

PagerDuty reported Q3 adjusted earnings of $0.21 per share, surpassing the $0.14 estimate, a 425% increase from last year's $0.04. Sales reached $108.72M, exceeding the $107.34M estimate, marking a 15.41% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

November 30, 2023 | 9:18 pm

Stock futures, including Nasdaq and S&P, are rallying as the market is set to finish November on a strong note. The direction of trading is expected to be influenced by the personal consumption expenditure index and OPEC+'s decision on oil output. Positive tech sector earnings have contributed to the upbeat sentiment. The market anticipates a potential Fed rate cut in 2024, with the first cut possibly in June 2024. In premarket trading, SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw gains. Several companies, including Nutanix, Inc. (NTNX), Okta, Inc. (OKTA), PVH Corp. (PVH), Salesforce, Inc. (CRM), Snowflake Inc. (SNOW), Zuora, Inc. (ZUO), and Victoria’s Secret & Co. (VSCO), reacted to earnings news. Hewlett Packard Enterprise Company (HPE) announced a partnership with Nvidia Corp. (NVDA). Other companies set to report earnings include Big Lots, Inc. (BIG), Cracker Barrel Old Country Store, Inc. (CBRL), The Kroger Co. (KR), Royal Bank of Canada (RY), The Toronto-Dominion Bank (TD), Ambarella, Inc. (AMBA), Dell Technologies Inc. (DELL), PagerDuty, Inc. (PD), Ulta Beauty, Inc. (ULTA), UiPath Inc. (PATH), and Zumiez Inc. (ZUMZ).

Portfolio Pulse from Shanthi Rexaline

November 30, 2023 | 12:41 pm

Earnings reports are scheduled for November 30, 2023, for a variety of companies across different sectors. Notable reports include Frontline with expected earnings of $0.45 per share, Big Lots with a projected loss of $4.66 per share, Academy Sports with expected earnings of $1.61 per share, and Kroger with likely earnings of $0.90 per share. Additionally, Ulta Beauty is projected to report earnings of $4.96 per share, and Marvell Tech is expected to report earnings of $0.40 per share. These earnings reports provide investors with insights into each company's financial health and performance.

Portfolio Pulse from Benzinga Insights

November 30, 2023 | 11:08 am

PagerDuty (NYSE:PD) has received 5 analyst ratings in the last quarter, with 2 somewhat bullish and 3 indifferent, and no ratings in the last month. The average 12-month price target among these analysts is $27.8, with a high of $32.00 and a low of $25.00. This target is a 9.59% decrease from the previous target of $30.75. Analysts rate stocks based on future earnings potential and company risk, typically updating their ratings quarterly or after significant company events.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 9:00 pm

PagerDuty, Inc. (NYSE:PD) has announced its intention to acquire Jeli, Inc. The acquisition aims to bolster PagerDuty's Operations Cloud by integrating Jeli's incident management solution, thereby improving enterprise resilience and reducing operational failure risk. The financial terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 9:08 pm

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