Quarterly results slightly beat estimates, but headwinds from small business remain
- PagerDuty’s stock drops 10% on tepid guidance
- Quarterly results slightly beat analyst estimates
- Strong momentum in midmarket and enterprise
- Headwinds from small business
- 62% of annual recurring revenue from customers using multiple products
- Fiscal fourth-quarter net loss of $28.8 million
- Revenue climbed 10% to $111.1 million
- First-quarter sales guidance of $110.5 million to $112.5 million
- Shares of PagerDuty down 28% in the last 12 months
PagerDuty Inc.’s stock tumbled 10% in after-hours trading following quarterly results that slightly edged analyst estimates but offered tepid guidance. The cloud-computing company’s CFO noted strong momentum in the midmarket and enterprise sectors, but acknowledged headwinds from small business. However, 62% of their annual recurring revenue came from customers using multiple products. The company reported a net loss of $28.8 million for the fiscal fourth quarter, with revenue climbing 10% to $111.1 million. First-quarter sales guidance is projected to be between $110.5 million and $112.5 million. Shares of PagerDuty have declined 28% in the last 12 months.
Factuality Level: 8
Factuality Justification: The article provides a straightforward report on PagerDuty Inc.’s stock performance, quarterly results, and guidance. It includes relevant financial figures and quotes from the company’s CFO. There are no obvious signs of bias, sensationalism, or inaccuracies in the information presented.
Noise Level: 2
Noise Justification: The article provides relevant information about PagerDuty Inc.’s stock performance, quarterly results, and guidance. It includes quotes from the company’s CFO and compares the results with analyst estimates. The article stays on topic and does not contain irrelevant or misleading information. However, it lacks in-depth analysis, antifragility considerations, or accountability of powerful people, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: PagerDuty Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of PagerDuty Inc., a cloud-computing company. It discusses the company’s quarterly results and guidance, which impacted its stock price.
Public Companies: PagerDuty Inc. (PD)
Key People: Howard Wilson (Chief Financial Officer)
Reported publicly:
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