Tap into IT’s future

Article Excerpt

PAGERDUTY INC., $31.28, is a buy. The company (New York symbol PD; TSINetwork Rating: Extra Risk) (www.pagerduty.com; Shares o/s: 87.1 million; Market cap: $2.9 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 January 31, 2022, revenue rose 32.4%, to $71.8 million from $59.3 million a year earlier. Sales were higher due to the addition of new customers. As well, many of PagerDuty’s existing customers increased their spending on its services. The company lost $0.04 a share. That’s down from its year-earlier loss of $0.07. PagerDuty operates in a very competitive niche. Still, it has lots of growth ahead as businesses place more emphasis on dealing with customers digitally. The company also has lots of room for expansion internationally. PagerDuty is a buy. buy…