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If you're looking for the best Cathie Wood stocks for June, you're not going to find Nvidia (NASDAQ: NVDA ) on her shortlist. This is because she thinks the chip company's share price is overpriced.
Markets celebrated a strong jobs report and passage of the debt ceiling bill. SentinelOne stock fell as the cybersecurity company expects a big slowdown in sales growth.
PagerDuty, Inc. (NYSE:PD ) Q1 2024 Earnings Conference Call June 1, 2023 5:00 PM ET Corporate Participants Tony Righetti - Vice President of Investor Relations Jennifer Tejada - Chairman and Chief Executive Officer Howard Wilson - Chief Financial Officer Conference Call Participants Matt Hedberg - RBC Joel Fishbein - Truist Tim Jausovec - Credit Suisse Chad Bennett - Craig-Hallum Rob Oliver - Baird Alex Vasti - William Blair Gabriel Roade Gomez - Canaccord Genuity Tony Righetti Good afternoon and thank you for joining us to discuss PagerDuty's First Quarter Fiscal Year 2024 Results. With me on today's call are Jennifer Tejada, PagerDuty's Chairperson and Chief Executive Officer and Howard Wilson, Chief Financial Officer.
PagerDuty (PD) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to loss of $0.04 per share a year ago.
Customers are turning more cautious on their spending, reducing deal sizes, and dragging out approvals, the company's CFO said.
PagerDuty has continued to grow briskly while having turned the corner on profitability in its latest earnings report; it is also cash flow positive. The firm is now estimating 8-9% operating margins for the current year.
Here is how PagerDuty (PD) and SentinelOne (S) have performed compared to their sector so far this year.
Does PagerDuty (PD) have what it takes to be a top stock pick for momentum investors? Let's find out.
PagerDuty is the IBD Stock of the Day as the software maker's relative strength line buoys PD stock to a 52-week high amid the bear market. The post PagerDuty Turns The Corner On Profitability Amid Strong Growth appeared first on Investor's Business Daily.
PagerDuty (PD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.