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## PagerDuty Inc. Stock Performance and Analysis

### By Jon Swartz

PagerDuty Inc.’s stock took a hit, dropping 9% in after-hours trading following quarterly results that slightly surpassed analyst estimates but offered lukewarm guidance. The company’s CFO, Howard Wilson, highlighted the strong momentum in the midmarket and enterprise sectors, noting challenges from small businesses. Despite this, 62% of their annual recurring revenue came from customers utilizing multiple products.

PagerDuty reported a fiscal fourth-quarter net loss of $28.8 million, with adjusted earnings at 17 cents a share. Revenue saw a 10% increase to $111.1 million from the year-prior quarter, slightly above the analysts’ expectations of $110.7 million.

The first-quarter sales guidance provided by PagerDuty ranged between $110.5 million and $112.5 million, falling short of FactSet analysts’ forecast of $113.9 million. Consequently, the company’s shares have declined by 28% over the past year, contrasted with the S&P 500 index’s 30% rise during the same period.

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