PagerDuty tumbles after forecast miss

PagerDuty

15/03/2024 14:19

** Shares of PagerDuty Inc  PD.N  down 9.3% at $20.79 after
digital operations management platform's forecast disappoints
    ** Stock hits over 4-mth low and tracking biggest one-day
pct decline since Jun 2
    ** Co late Thurs projected FY 2025 rev of $470-$478 mln,
9%-11% growth yr/yr, and adj EPS of $0.65-$0.70 vs LSEG
estimates of $480.7 mln and $0.82
    ** Q4 rev of $111.1 mln and adj EPS of $0.17 topped
consensus of $110.4 mln and $0.15
    ** Co said annual recurring rev (ARR) in Q4 grew 10% yr/yr
to $451.9 mln
    ** Avg rating among 11 analysts covering PD is "buy" and
median PT is $25 - LSEG
    ** With move on Fri, shares down ~10% YTD and have shed ~35%
over the past 12 months

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-646-279-6380))