Shares of cloud computing company PagerDuty (PD - Free Report) crashed on Thursday. PD was down almost 28% in midday trading, though it managed to climb back a bit and close down 25.8%.
The company reported Q2 earnings yesterday after the bell. Revenue of $50.7 million fell short of expectations but adjusted earnings of a loss of $0.04 per share beat estimates. Investors were most disappointed by PagerDuty’s guidance. The SaaS stock anticipates a slowdown in revenue in Q3; its top-line will now only increase 22% to 24% to $53 million, below estimates of $53.7 million
PD jumped after Zoom Video’s (ZM - Free Report) blowout earnings report this week, so today’s steep sell-off is likely related to that earlier rise.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Shares of cloud computing company PagerDuty (PD - Free Report) crashed on Thursday. PD was down almost 28% in midday trading, though it managed to climb back a bit and close down 25.8%.
The company reported Q2 earnings yesterday after the bell. Revenue of $50.7 million fell short of expectations but adjusted earnings of a loss of $0.04 per share beat estimates. Investors were most disappointed by PagerDuty’s guidance. The SaaS stock anticipates a slowdown in revenue in Q3; its top-line will now only increase 22% to 24% to $53 million, below estimates of $53.7 million
PD jumped after Zoom Video’s (ZM - Free Report) blowout earnings report this week, so today’s steep sell-off is likely related to that earlier rise.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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