PDPagerDuty, Inc.
The Read
9% following positive commentary on competitive positioning and valuation, but fell 13%.
The schedule
- Thu15Oct
Anticipated fall product update detailing AI integration, incident automation features, and structural monetization paths.
- Thu5Nov
- Thu3Dec
Third-quarter financial results offering visibility into Q4 enterprise budget flushes and margin defense.
- Wed17Mar
Critical full-year earnings report coupled with forward guidance for Fiscal Year 2028.
- Mon10May
- Fri30Jul
Past
- Thu3Sep
Release of Q2 earnings, where focus will be heavily skewed toward top-line re-acceleration and Net Retention Rates (NRR).
- Thu27Aug
Actual outcome: Bull · $13.58 at outcome
PagerDuty (PD) reported second-quarter fiscal 2027 results, surpassing both revenue and earnings estimates. The company reported revenue of $124.4 million, up 1% year-over-year, and crossed $500 million in annual recurring revenue for the first time. Additionally, the company raised its full-year operating-margin outlook following a workforce restructuring, signaling improved financial performance and strategic clarity. [Market retrospective · Short-Term (6–10 days)] Missed anticipation: +47.8% from 2026-05-14 to 2026-09-09 (~3.7σ vs typical 10d vol). Target date 2026-09-03 reached; move through 2026-09-09 observed. Confidence 95%.
PagerDuty (PD) reported second-quarter fiscal 2027 results, surpassing both revenue and earnings estimates. The company reported revenue of $124.4 million, up 1% year-over-year, and crossed $500 million in annual recurring revenue for the first time. Additionally, the company raised its full-year operating-margin outlook following a workforce restructuring, signaling improved financial performance and strategic clarity. [Market retrospective · Short-Term (6–10 days)] Missed anticipation: +47.8% from 2026-05-14 to 2026-09-09 (~3.7σ vs typical 10d vol). Target date 2026-09-03 reached; move through 2026-09-09 observed. Confidence 95%.
- Wed22Jul
Actual outcome: Bull · $10.31 at outcome
PagerDuty shares surged 16.9% as the market favorably evaluated the company's competitive positioning and resilience against mid-market pricing pressures during summer IT budget adjustments. The rally was supported by positive financial media coverage highlighting the stock's attractive valuation and recent strategic leadership appointments, including Alex Shootman to the Board of Directors and Arnaud Lagarde as VP of EMEA.
Market evaluation of PagerDuty's competitive positioning amid mid-market pricing pressures and summer enterprise IT budget adjustments.
- Thu28May
Actual outcome: Bull
PagerDuty reported Q1 fiscal 2027 earnings that beat analyst estimates on both the top and bottom lines, posting EPS of $0.32 against the $0.24 expected. Along with exceeding its revenue and operating margin guidance, the company announced a new $100 million share repurchase program. This aggressive capital return initiative, combined with early traction in its shift to usage-based pricing, triggered a massive short-term rally despite flat year-over-year revenue growth. [Market retrospective · Ultra-Short (1–5 days)] Missed anticipation: +33.7% from 2026-05-28 to 2026-06-02 (~8.3σ vs typical 1d vol). Target date 2026-06-02 reached; move through 2026-06-02 observed. Confidence 95%. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-03: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-03 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-04: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-04 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-05: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-05 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-08: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-08 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-09: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-09 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-10: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-10 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-11: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-11 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-12: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-12 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-15: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-15 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-16: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-16 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-17: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-17 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-18: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-18 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-19: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-19 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-27: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-07-27 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-28: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-07-28 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-29: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-07-29 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-31: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-07-31 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-03: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-03 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-04: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-04 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-05: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-05 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-12: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-12 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-13: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-13 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-14: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-14 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-17: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-17 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-18: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-18 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-20: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-20 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-21: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-21 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-24: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-24 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-08: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-08 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-08: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-08 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-09: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-09 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-10: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-10 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-10: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-10 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-14: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-14 observed.
PagerDuty reported Q1 fiscal 2027 earnings that beat analyst estimates on both the top and bottom lines, posting EPS of $0.32 against the $0.24 expected. Along with exceeding its revenue and operating margin guidance, the company announced a new $100 million share repurchase program. This aggressive capital return initiative, combined with early traction in its shift to usage-based pricing, triggered a massive short-term rally despite flat year-over-year revenue growth. [Market retrospective · Ultra-Short (1–5 days)] Missed anticipation: +33.7% from 2026-05-28 to 2026-06-02 (~8.3σ vs typical 1d vol). Target date 2026-06-02 reached; move through 2026-06-02 observed. Confidence 95%. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-03: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-03 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-04: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-04 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-05: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-05 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-08: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-08 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-09: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-09 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-10: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-10 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-11: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-11 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-12: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-12 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-15: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-15 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-16: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-16 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-17: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-17 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-18: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-18 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-06-19: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-06-19 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-27: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-07-27 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-28: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-07-28 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-29: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-07-29 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-07-31: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-07-31 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-03: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-03 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-04: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-04 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-05: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-05 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-06: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-06 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-12: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-12 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-13: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-13 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-14: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-14 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-17: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-17 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-18: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-18 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-20: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-20 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-21: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-21 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-24: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-08-24 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-07: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-07 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-08: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-08 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-08: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-08 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-09: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-09 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-10: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-10 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-10: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-10 observed. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-09-14: +33.7% from 2026-05-28 (~8.3σ). Target date 2026-06-02 reached; move through 2026-09-14 observed.
- Wed15Apr
Actual outcome: Bull · $6.71 at outcome
Company-specific news during the period was limited to backward-looking 13F filings showing institutional trimming by funds like Massachusetts Financial Services. Despite this, the stock rallied well past the $6.90 bull target, indicating that the anticipated mid-April macro data and software sector commentary provided enough relief regarding enterprise IT budgets to drive a strong recovery from depressed levels.
Company-specific news during the period was limited to backward-looking 13F filings showing institutional trimming by funds like Massachusetts Financial Services. Despite this, the stock rallied well past the $6.90 bull target, indicating that the anticipated mid-April macro data and software sector commentary provided enough relief regarding enterprise IT budgets to drive a strong recovery from depressed levels.
- Thu12Mar
Actual outcome: Bear · $6.90 at outcome
PagerDuty met EPS estimates and reported a top-end guidance beat, but the results failed to address concerns over stagnant 4.7% revenue growth. The stock hit a 52-week low following a significant analyst price target downgrade from $19 to $9, as the market prioritized the lack of top-line acceleration over the earnings performance.
PagerDuty met EPS estimates and reported a top-end guidance beat, but the results failed to address concerns over stagnant 4.7% revenue growth. The stock hit a 52-week low following a significant analyst price target downgrade from $19 to $9, as the market prioritized the lack of top-line acceleration over the earnings performance.
