|Bid||30.59 x 900|
|Ask||30.66 x 1000|
|Day's Range||30.24 - 31.32|
|52 Week Range||26.98 - 59.82|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||42.67|
(Bloomberg) -- Shares of some of this year’s highest-flying software stocks tumbled Monday as investors re-evaluate this year’s rally in light of the premium valuations their rapid revenue growth commands.Data-management software developer Alteryx Inc. plunged as much as 15%, while cybersecurity firm Crowdstrike Holdings Inc. sank 13%. They have been among 2019’s top performers, more than doubling since the start of the year. Both had revenue growth that exceeded 70% in the second quarter and trade at more than 20 times estimated sales, according to data compiled by Bloomberg. The average for the S&P 500 Software Index is about 7 times.Enterprise-software companies have been among the standout gainers in the S&P 500 this year, as investors have been have been willing to pay higher prices for faster revenue expansion amid concerns about slowing global growth. They’ve also been helped by limited China exposure, which has increased their appeal amid the Sino-American trade war. Monday’s slump comes after the broader market retraced almost all of its August losses as trade and economic worries eased.“Most of the names getting hit are high-multiple names that have had impressive run ups,” said Rishi Jaluria, a D.A. Davidson analyst. “This suggests some level of profit taking.”Other notable decliners on Monday include:Fastly Inc. -16%Slack Technologies Inc. -12%MongoDB Inc. -11%Pagerduty Inc. -11%Zoom Video Communications Inc. -9.6%Okta Inc. -11%Twilio Inc. -10%Coupa Software Inc. -11%Trade Desk Inc. -11%Shopify Inc. -7.8%(Adds S&P 500 Software Index average multiple in second pargraph.)To contact the reporter on this story: Jeran Wittenstein in San Francisco at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Richard RichtmyerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Pagerduty's CEO Jennifer Tejada and Box co-founder and CEO Aaron Levie both guided their companies to successful IPOs, with Box going public in 2015 and Pagerduty listing its stocks only a few months ago.
While the market may compare PagerDuty Inc’s (NYSE: PD ) second-quarter beat with that delivered in the previous quarter, the company’s story remains well on track, with positive signs of margin expansion ...
Dow Jones futures: After a bullish stock market rally Thursday, Lululemon, CrowdStrike and Zoom Video topped views. Lululemon flirted with a buy zone, but Crowdstrike and Zoom fell.
Shares of digital operations management company PagerDuty fall after the company reports a fiscal second-quarter loss narrower than analysts' forecasts but misses on revenue.
PagerDuty Inc. shares fell in after-hours trading Thursday afternoon following an earnings report that beat expectations and increased annual guidance by a small amount. PagerDuty reported second-quarter losses of $12.6 million, or 17 cents a share, on revenue of $40.4 million. After adjusting for stock-based compensation, the company said that losses were 7 cents a share, better than an adjusted loss of 18 cents a share a year ago. Analysts on average expected PagerDuty to report adjusted losses of 10 cents a share on revenue of $39.1 million, according to FactSet. PagerDuty also slightly increased its annual forecast, adding a penny to its earnings forecast, which now calls for adjusted losses of 36 to 37 cents a share, and a million dollars to its revenue guidance, which is now $162 million to $164 million. "This was our first $40 million quarter and a record quarter for growth in accounts investing over $100,000," Chief Executive Jennifer Tejada said in Thursday's announcement. PagerDuty, which sells software that allows information-technology workers to monitor systems, went public in April at $24 a share. The stock closed Thursday with a 3.8% decline at $36.60, then fell close to $34 in immediate after-hours trading following the release of the results.
PagerDuty, Inc. , a global leader in digital operations management, today announced it will host an Investor Session in San Francisco on Monday, September 23, 2019.
It will be a shortening trading week, but the focus will be on the August jobs report and Federal Reserve Chairman Jerome Powell's speech on Friday.
Enterprise cloud software is a space that has a massive amount of growth opportunity as digital enterprise management becomes a necessity to compete in any industry.
Menlo Park, CA, based Investment company AH Equity Partners III, L.L.C. (Current Portfolio) buys PagerDuty Inc, Facebook Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, AH Equity Partners III, L.L.C.. Continue reading...
Investment company Deer VIII & Co. Ltd. (Current Portfolio) buys PagerDuty Inc, sells Twilio Inc during the 3-months ended 2019Q2, according to the most recent filings of the investment company, Deer VIII & Co. Continue reading...
Twenty-one "unicorns" have emerged from the Mountain View-based startup accelerator over its 15-year history and more than 130 of its alumni are figured to be worth over $100 million.
PagerDuty, Inc. , a global leader in digital operations management, today announced it will release its financial results for the second quarter fiscal year 2020 ended July 31, 2019 after market close on September 5, 2019.
The move would allow employees and investors to sell their shares a month earlier and could potentially ring up in excess of $15 billion in sales.
The region captured a number of high-profile tech IPOs this year, some of which reached astronomical double-digit first-day gains and continue their rocket ride, while others turned to duds.