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U.S. stock futures were lower this morning, with the Nasdaq futures dipping over 100 points on Wednesday.
PagerDuty, Inc. (NYSE:PD ) Q2 2025 Earnings Conference Call September 3, 2024 5:00 PM ET Company Participants Tony Righetti - VP, IR Jennifer Tejada - CEO Howard Wilson - CFO Conference Call Participants Sanjit Singh - Morgan Stanley Koji Ikeda - Bank of America Securities Jacob Roberge - William Blair Andrew Sherman - TD Cowen Jeff Van Rhee - Craig Hallum Kingsley Crane - Canaccord Genuity John Gomez - Scotiabank Operator Good afternoon, folks. Sorry for the delay.
The CFO says deals could take longer to close and smaller businesses are still “a headwind to growth.”
PagerDuty has significantly underperformed the market, with shares down over 42% in the past five years. Recent quarters have shown slowing revenue growth rates, with pressure on management to deliver an acceleration in coming periods. Ark Invest's significant ownership in PagerDuty could put additional pressure on shares if Cathie Wood decides to start selling.
Jennifer Tejada, PagerDuty CEO, joins 'Closing Bell Overtime' to talk the global tech outage, what it means for the cybersecurity space, and more.
Roku continues to gain more users in the crowded streaming market. Roblox is still dominating its growing niche of the gaming market.
Positive on PagerDuty with growth potential once the macro environment improves. PD offers a strong value proposition to organizations with regard to IT incident management. PD addresses a huge TAM and with its new products, I see potential for growth acceleration in the future.
Wood bought shares of PagerDuty for her Ark Invest funds every trading day last month. Growth has slowed at PagerDuty over the past two years, but it's expected to return to accelerating revenue gains later this year.
Wood added to her positions in Roku, Blade Air Mobility, and PagerDuty on Tuesday. All three stocks are trading lower this year, with Roku's 40% plunge leading the way on the downside.
At one point, Cathie Wood's picks were gold. Her ARK funds saw inflows of $20 billion in 2020 and another $8 billion in 2021.