PagerDuty Stock (PD): Why The Price Increased Today

By Amit Chowdhry ● Dec 8, 2021
  • The stock price of PagerDuty Inc (NYSE: PD) increased by over 6% during intraday trading today. This is why it happened.

The stock price of PagerDuty Inc (NYSE: PD) increased by over 6% during intraday trading today. Investors are responding positively to PagerDuty’s Q3 fiscal 2022 results.

Q3 Fiscal 2022 Financial Highlights

— Revenue was $71.8 million, an increase of 33.5% year over year.

— GAAP operating loss was $24.8 million; GAAP operating margin of negative 34.6%.

— Non-GAAP operating loss was $5.0 million; non-GAAP operating margin of negative 7.0%.

— GAAP net loss per share was $0.31; non-GAAP net loss per share was $0.07.

— Operating cash flow was $2.7 million, with a free cash flow of $1.8 million.

— Cash, cash equivalents, and current investments were $545.3 million as of October 31, 2021.

Financial Outlook

For the fourth quarter of fiscal 2022, PagerDuty currently expects:

— Total revenue of $75.5 million – $76.5 million, representing a growth rate of 27% – 29% year over year

— Non-GAAP net loss per share of $0.06 – $0.05 assuming approximately 86 million shares

For the full fiscal year 2022, PagerDuty currently expects:

— Total revenue of $278.5 million – $279.5 million, representing a growth rate of 30% – 31% year over year

— Non-GAAP net loss per share of $0.34 – $0.33 assuming approximately 84 million shares

KEY QUOTE:

“Q3 was an outstanding quarter for PagerDuty as we delivered record revenue of $72 million and grew 33% year over year. Our product innovation continues to accelerate across use cases and departments as we empower enterprises to mature their digital operations and deliver superior customer experiences. PagerDuty’s platform converges Incident Response, AIOps, Automation and now Customer Service Operations to deliver rapid ROI and customer trust, building on a strong foundation of digital infrastructure to become the Operations Cloud for the modern enterprise.”

— Jennifer Tejada, Chairperson and CEO at PagerDuty

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.