Pagerduty (NYSE:PD) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

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Pagerduty (NYSE:PD) released its quarterly earnings data on Thursday. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.12, Briefing.com reports. The firm had revenue of $40.40 million during the quarter, compared to analyst estimates of $39.12 million. The firm’s quarterly revenue was up 45.8% on a year-over-year basis.

PD stock traded down $3.16 during trading on Friday, reaching $33.44. 1,134,982 shares of the company’s stock were exchanged, compared to its average volume of 615,691. Pagerduty has a 1-year low of $33.25 and a 1-year high of $59.82. The company has a fifty day simple moving average of $39.34.

Several equities analysts have recently weighed in on the company. Raymond James reaffirmed a “buy” rating and issued a $4.75 price objective on shares of Pagerduty in a research note on Friday, July 26th. Zacks Investment Research lowered Pagerduty from a “hold” rating to a “sell” rating in a research report on Tuesday, July 9th. TD Securities raised Pagerduty to a “top pick” rating and reduced their price target for the stock from $5.00 to $4.50 in a research report on Wednesday. Piper Jaffray Companies boosted their price target on Pagerduty from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Pagerduty in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.16.

About Pagerduty

PagerDuty, Inc operates an On-Call Management platform. The company's platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments.

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