Pagerduty (NYSE:PD) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.10)-($0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.09). The company issued revenue guidance of $41.5-$42.5 million, compared to the consensus revenue estimate of $41.61 million.Pagerduty also updated its FY 2020 guidance to $-0.37–0.36 EPS.
NYSE:PD traded down $2.97 during trading hours on Friday, reaching $33.63. The company had a trading volume of 127,362 shares, compared to its average volume of 615,691. Pagerduty has a 52 week low of $33.25 and a 52 week high of $59.82. The company’s 50 day simple moving average is $39.34.
Pagerduty (NYSE:PD) last posted its earnings results on Thursday, September 5th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.12. The company had revenue of $40.40 million during the quarter, compared to the consensus estimate of $39.12 million. The firm’s revenue was up 45.8% on a year-over-year basis. As a group, equities analysts predict that Pagerduty will post -0.76 earnings per share for the current year.
A number of equities research analysts have recently issued reports on PD shares. Piper Jaffray Companies boosted their price objective on shares of Pagerduty from $52.00 to $60.00 and gave the company an overweight rating in a research report on Friday, June 7th. TD Securities raised shares of Pagerduty to a top pick rating and dropped their target price for the stock from $5.00 to $4.50 in a report on Wednesday. Royal Bank of Canada raised shares of Pagerduty from a sector perform rating to an outperform rating and set a $49.00 target price for the company in a report on Wednesday, August 14th. Zacks Investment Research downgraded shares of Pagerduty from a hold rating to a sell rating in a report on Tuesday, July 9th. Finally, DA Davidson began coverage on shares of Pagerduty in a report on Friday, August 16th. They issued a neutral rating and a $36.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $36.66.
Pagerduty Company Profile
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.
Further Reading: What is a Swap?
Receive News & Ratings for Pagerduty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pagerduty and related companies with MarketBeat.com's FREE daily email newsletter.