Momentum Stock Watch: PagerDuty Inc.(PD)

Company Profile:

PagerDuty, Inc. operates an On-Call Management platform. The company’s platform collects signals from software-enabled system or device, correlates and interprets signals to identify events, and engages team members to take action in real time. It serves developer, IT, security, and customer support segments. The company was incorporated in 2010 and is headquartered in San Francisco, California.

Recent News:

On December 12, 2019, the company announced that Sameer Dholakia, CEO of Twilio SendGrid, has joined its board of directors. Dholakia brings more than 25 years of experience in high growth, disruptive cloud and enterprise software companies to PagerDuty’s board.

For the third quarter of fiscal year 2020 ended October 31, 2019, the company reported total revenue was $42.8 million, up 37% year-over-year. GAAP gross margin was 84.5%. Non-GAAP gross margin was 85.2% compared to Non-GAAP gross margin of 85.5% in the third quarter of fiscal 2019.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

PD’s strengths can be seen in its better growth, better profitability and better efficiency compared with its peers. Its revenue has increased over recently several years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 52.24 with positive bias. We rate PagerDuty Inc.(PD) a STRONG BUY.

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