5 Stocks Making Noise After Releasing Their Financial Results

In this article, we discuss the 5 stocks making noise after releasing their financial results. If you want to read our detailed analysis of these companies, go directly to the 11 Stocks Making Noise After Releasing Their Financial Results.  

5. PagerDuty, Inc. (NYSE:PD)

Number of Hedge Fund Holders: 27

Shares of PagerDuty, Inc. (NYSE:PD) climbed over 20 percent on Thursday, March 17, 2022, following an upbeat financial performance for its fiscal fourth quarter. The cloud computing company reported a loss of 4 cents per share, narrower than the consensus forecast for a loss of 6 cents per share.

Revenue for the quarter jumped 32.4 percent on a year-over-year basis to $78.5 million, topping estimates of $76.08 million. Among other updates, PagerDuty, Inc. (NYSE:PD) reported that it ended the quarter with 14,865 paying customers, compared to 13,837 in the same period last year.

Looking forward, PagerDuty, Inc. (NYSE:PD) expects an adjusted loss in the range of 9 – 8 cents per share and revenue between $81.5 – $83.5 million for its fiscal first quarter.

Discussing the results, CEO Jennifer Tejada said:

“Driven by ongoing market traction for our new products and strong go to market execution, Q4 results capped a fiscal year of accelerating growth for PagerDuty. We delivered revenue of $79 million for the quarter and $281 million for the year, both growing 32% year over year, and gained operating leverage which positions us well for durable growth.”