PagerDuty targets European growth

Article Excerpt

PAGERDUTY INC., $41.42, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares o/s: 83.6 million; Market cap: $3.4 billion; No dividends paid) has lots of room for expansion internationally. It now generates only around 22% of its revenue outside of the U.S. Recently, as part of this expansion, PagerDuty announced European service support for its customers in that market. When new customers sign up for PagerDuty, they will have a choice between the U.S. service region and the European service region. PagerDuty has seen significant growth lately in Europe, with annual recurring revenue jumping 43% each of the past two years. PagerDuty is a Power Buy. Buy…