• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About Us
  • Contact Us
  • Our Google News Channel
IRA vs 401k

IRA vs 401k

Retirement Options

  • Home
  • Roth IRA
  • Roth 401k
  • SEP IRA
  • Simple IRA
  • 401K
  • Finanace
You are here: Home / Finanace / PagerDuty shares soar 19% on quarterly revenue jump

PagerDuty shares soar 19% on quarterly revenue jump

December 4, 2020 by Retirement


MarketWatch photo illustration/iStockphoto

Shares of PagerDuty Inc. are up 19% in premarket trading Friday after the software company reported quarterly results that topped Wall Street estimates.

PagerDuty
PD,
+17.41%

reported a net loss of $20.6 million, or 26 cents a share, compared with a net loss of $15.3 million, or 20 cents a share, in the year-ago quarter. The non-GAAP net loss was $6.9 million, or 9 cents a share, compared with a loss of $7.9 million, or 10 cents, a year ago.

Revenue rose 26% to $53.8 million, from $42.75 million a year ago.

Analysts surveyed by FactSet had expected a third-quarter loss of 10 cents a share on revenue of $52.7 million.

Digital transformation, cloud migration and devops transformation fueled the growth in revenue and prompted PagerDuty to raise guidance, PagerDuty Chief Executive Jennifer Tejada told MarketWatch in an interview before the results were announced Thursday afternoon.

The San Francisco-based company raised revenue guidance for its fourth quarter ($57 million to $58 million) and full-year guidance ($211 million to $212 million). Analysts polled by FactSet have forecast $55.6 million and $208.7 million, respectively.

This was the seventh straight quarter in which approximately a third of PagerDuty’s enterprise customers expanded their use of its technology — among them, DocuSign Inc.
DOCU,
+6.55%
,
Okta Inc.
OKTA,
-1.30%
,
and Salesforce.com Inc.
CRM,
+0.86%
.

The results have affirmed positive notes from financial analysts such as Craig-Hallum of Benzinga, who initiated coverage with a buy rating and price target of $41.

Through Thursday’s close, PagerDuty shares are up 38% this year, while the broader S&P 500 index 
SPX,
+0.46%

has climbed 13.5%.

Filed Under: Finanace

Primary Sidebar

E-mail Newsletter

More to See

Maximizing Your Retirement Savings: Expert Insights on IRAs and 401(k)s

November 23, 2024 By Roth

IRA vs 401(k): Key Differences to Help You Choose the Best Retirement Plan for 2024

November 21, 2024 By Roth

Real Estate Syndication in Indianapolis: Unlocking Investment Potential

November 15, 2024 By Retirement

Maximizing Your 401k at 55 | Retirement Strategies for Growth

October 15, 2024 By Roth

401(k) savings

Retirement Savings Options: Navigating the Path to a Secure Future

August 15, 2024 By SEO Robot

Retirement Planning

August 13, 2024 By Roth

Infographic comparing IRA vs 401(k) retirement options.

IRA and 401(k): Compare Your Retirement Options

May 20, 2024 By SEO Robot

Tags

401(k) 401(k) advantages 401(k) insights 401k at 55 401k growth strategies best retirement plan catch-up contributions exclusive listings Financial Planning financial planning 2024 Financial Security future planning Indianapolis property market Investing Investment Investment Options Investment Strategies IRA IRA benefits IRA strategies IRA vs 401k Labrosse Real Estate luxury homes luxury real estate maximize retirement savings multi-family investment Indianapolis passive income through real estate Personal Finance premium properties property syndication real estate investment real estate syndication Indianapolis Retirement retirement advice retirement investment Retirement Planning retirement planning 2024 Retirement Savings retirement savings tips retirement strategies retirement tips Savings secure retirement secure retirement funds Wealth Management

Footer

  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms of Use
  • Google News

Recent

  • Roth IRA Contribution and Income Limits for 2025
  • Maximizing Your Retirement Savings: Expert Insights on IRAs and 401(k)s
  • IRA vs 401(k): Key Differences to Help You Choose the Best Retirement Plan for 2024
  • Real Estate Syndication in Indianapolis: Unlocking Investment Potential
  • Maximizing Your 401k at 55 | Retirement Strategies for Growth