PagerDuty has a winning business model

Article Excerpt

One Successful Investor way to cut IPO risk is to wait till a new issue has survived a market slump. 2019 IPO PagerDuty dropped to near $13 in March 2020 as COVID-19 took hold. But its business has continued to prosper by applying artificial intelligence (AI) to help customers shorten or avoid disruptions and to save money. We recommend this stock as a Power Buy. PAGERDUTY INC., $22.47, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares outstanding: 89.2 million; Market cap: $2.1 billion; No dividends paid) operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations. PagerDuty’s platform sits on top of a company’s technology systems, taking in data. As it receives the data, it then uses analytics and artificial intelligence (AI) to “learn on the go” and prevent adverse events from recurring. The company’s software platform aims to help clients take action in…