PaperDuty is a battle-tested IPO we recommend

Article Excerpt

One Successful Investor way to cut IPO risk is to wait till a new issue has survived a market slump. April 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 its customers shorten or avoid disruptions and to save money. We recommend this stock as a Power Buy. PAGERDUTY INC., $27.15, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares o/s: 87.8 million; Market cap: $2.5 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. For the three months ended April 30, 2022, revenue rose 34.3%, to $85.4 million from $63.6 million a year earlier. The company had 15,040 paying customers, up 8.1% from 13,918 a year ago. PagerDuty lost $0.04 a share. That’s down from its year-earlier loss of $0.08. It…