PD Stock Recent News

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PagerDuty Inc. PD, -0.23% shares fell in the extended session Monday after the DevOps software company said it was issuing new notes to cover the purchase of old ones. The company said it intends to offer $350 million principal amount of convertible senior notes due 2028, with an additional $52.5 million available, to pay the cost of buying back notes due in 2025.

PagerDuty CEO Jennifer Tejada joins 'Squawk on the Street' to discuss whether specific priorities for corporates are beginning to erode, what PagerDuty is offering in artificial intelligence, and more.

PagerDuty, Inc.'s recent shift to a consumption-based revenue model raises concerns about its potential success, given the historical challenges associated with such models. A comparison with Splunk, which operates differently but shares similarities, highlights PagerDuty's notably higher forward-looking valuation. PagerDuty's revenue growth rates are slowing down. So, I don't find paying 28x next year's EPS to be attractive.

PagerDuty CEO Jennifer Tejada joins 'The Exchange' to discuss the company's Q2 results, which beat both the top and bottom lines.

PagerDuty shares fell more than 10% in pre-market trade Friday on weak third quarter fiscal 2024 guidance as the cloud computing company posted second quarter results that topped Street estimates. For 2Q revenue increased by 19.2% year-over-year to $107.6 million, ahead of the expected $106.9 million, according to Zacks Consensus Estimate.

PagerDuty, Inc. (NYSE:PD ) Q2 2024 Earnings Conference Call August 31, 2023 5:00 PM ET Company Participants Tony Righetti - VP, IR Jennifer Tejada - Chairman & CEO Howard Wilson - CFO Conference Call Participants Robert Oliver - Baird Tony Righetti Good afternoon, and thank you for joining us to discuss PagerDuty's Second Quarter Fiscal Year 2024 Results. With me on today's call are Jennifer Tejada, PagerDuty's Chairperson and Chief Executive Officer; and Howard Wilson, our Chief Financial Officer.

PagerDuty (PD) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.04 per share a year ago.

PagerDuty Inc.'s stock inched higher in extended trading Thursday after the cloud-computing company reported quarterly results that breezed past analysts' revenue and earnings estimates.

PagerDuty is a high-quality company with a gross margin above 80% and potential for profitability improvement as it scales up. The company has demonstrated impressive revenue growth with a 37% CAGR over the past five years. Despite facing short-term volatility, PD is well-positioned to capture a significant portion of the large addressable market and sustain its growth trajectory.