PagerDuty Stock Drops on Tepid Guidance Amid "Headwinds From Small Business"

Dow Jones03-15

PagerDuty Inc.’s stock tumbled 9.4% in after-hours trading Thursday following quarterly results that slightly edged analyst estimates but offered tepid guidance.

“The quarter was characterized by strong momentum in the midmarket and enterprise,” Howard Wilson, the cloud-computing company’s chief financial officer, said in an interview. “We still see headwinds from small business, but our [annual recurring revenue] was 62% from customers using two or more of our products.”

PagerDuty reported a fiscal fourth-quarter net loss of $28.8 million, or 33 cents a share, compared with a net loss of $25 million, or 27 cents a share, in the year-prior quarter. Adjusted earnings were 17 cents a share.

Revenue climbed 10% to $111.1 million, from $100.97 million in the year-prior quarter.

Analysts surveyed by FactSet had expected, on average, adjusted net income of 15 cents a share on revenue of $110.7 million.

PagerDuty provided first-quarter sales guidance of between $110.5 million and $112.5 million. FactSet analysts were forecasting $113.9 million.

Shares of PagerDuty have sunk 28% over the last 12 months. The broader S&P 500 index SPX is up 30% in that time.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2419302229?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-15 13:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2419302229","market":"us","top_or_hot":-1,"title":"PagerDuty Stock Drops on Tepid Guidance Amid \"Headwinds From Small Business\"","media":"Dow Jones","content":"<html><head></head><body><p style=\"text-align: start;\">PagerDuty Inc.’s stock tumbled 9.4% in after-hours trading Thursday following quarterly results that slightly edged analyst estimates but offered tepid guidance.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e791765291de491b803f2e68cc23b790\" tg-width=\"842\" tg-height=\"623\"/></p><p style=\"text-align: start;\">“The quarter was characterized by strong momentum in the midmarket and enterprise,” Howard Wilson, the cloud-computing company’s chief financial officer, said in an interview. “We still see headwinds from small business, but our [annual recurring revenue] was 62% from customers using two or more of our products.”</p><p>PagerDuty reported a fiscal fourth-quarter net loss of $28.8 million, or 33 cents a share, compared with a net loss of $25 million, or 27 cents a share, in the year-prior quarter. Adjusted earnings were 17 cents a share.</p><p>Revenue climbed 10% to $111.1 million, from $100.97 million in the year-prior quarter.</p><p>Analysts surveyed by FactSet had expected, on average, adjusted net income of 15 cents a share on revenue of $110.7 million.</p><p>PagerDuty provided first-quarter sales guidance of between $110.5 million and $112.5 million. FactSet analysts were forecasting $113.9 million.</p><p>Shares of PagerDuty have sunk 28% over the last 12 months. The broader S&amp;P 500 index SPX is up 30% in that time.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PagerDuty Stock Drops on Tepid Guidance Amid \"Headwinds From Small Business\"</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPagerDuty Stock Drops on Tepid Guidance Amid \"Headwinds From Small Business\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-15 13:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PagerDuty Inc.’s stock tumbled 9.4% in after-hours trading Thursday following quarterly results that slightly edged analyst estimates but offered tepid guidance.“The quarter was characterized by ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PD","symbol_name":"PagerDuty, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2419302229","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2419302229","pubTimestamp":1710480300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"PagerDuty Inc.’s stock tumbled 9.4% in after-hours trading Thursday following quarterly results that slightly edged analyst estimates but offered tepid guidance.“The quarter was characterized by strong momentum in the midmarket and enterprise,” Howard Wilson, the cloud-computing company’s chief financial officer, said in an interview. “We still see headwinds from small business, but our [annual recurring revenue] was 62% from customers using two or more of our products.”PagerDuty reported a fisc","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PD":"PagerDuty, Inc.","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","BK4023":"应用软件","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC"},"translate_title":"在“小企业逆风”中，PagerDuty股票因不温不火的指引而下跌","themeId":"c0d77e622a6742cf8335299f8317b4b4","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PD":0.9},"content_text":"PagerDuty Inc.’s stock tumbled 9.4% in after-hours trading Thursday following quarterly results that slightly edged analyst estimates but offered tepid guidance.“The quarter was characterized by strong momentum in the midmarket and enterprise,” Howard Wilson, the cloud-computing company’s chief financial officer, said in an interview. “We still see headwinds from small business, but our [annual recurring revenue] was 62% from customers using two or more of our products.”PagerDuty reported a fiscal fourth-quarter net loss of $28.8 million, or 33 cents a share, compared with a net loss of $25 million, or 27 cents a share, in the year-prior quarter. Adjusted earnings were 17 cents a share.Revenue climbed 10% to $111.1 million, from $100.97 million in the year-prior quarter.Analysts surveyed by FactSet had expected, on average, adjusted net income of 15 cents a share on revenue of $110.7 million.PagerDuty provided first-quarter sales guidance of between $110.5 million and $112.5 million. FactSet analysts were forecasting $113.9 million.Shares of PagerDuty have sunk 28% over the last 12 months. The broader S&P 500 index SPX is up 30% in that time.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2419302229"}