Topic: How To Invest

Q: Please, may I have your recommendation on PagerDuty going forward? Thanks.

Article Excerpt

A: PagerDuty Inc., $39.27, symbol PD on New York (Shares outstanding: 79.5 million; Market cap: $3.6 billion; www.pagerduty.com), operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of incidents that might adversely affect their operations. As it receives data, the company uses analytics and artificial intelligence to “learn on the go,” so the same adverse events don’t hit clients again. More importantly, it takes these findings and applies them to the benefit of all of its other customers. For example, San Francisco’s online fresh grocery store GoodEggs uses PagerDuty to analyze signals from its refrigeration units to improve food freshness. That has benefits for all PagerDuty clients in that segment. PagerDuty first sold shares to the public through an IPO in April 2019 at $24 a share. In its fiscal year ended January 31, 2021, the company reported revenue of $213.6 million. That was up 28.4% from $166.4 million in fiscal 2020—PagerDuty’s first year as…