Topic: How To Invest

Power Growth Investor Hotline – Friday, January 27, 2023

Article Excerpt

PAGERDUTY INC., $29.40, is a buy. The company (symbol PD on New York) operates a platform that collects real-time data from software systems and devices and then notifies its IT customers of any incident that could harm their operations. PagerDuty’s platform sits on top of a company’s technology systems, taking in data. As it receives the data, it then uses analytics and artificial intelligence (AI) to “learn on the go” and prevent adverse events from recurring. The company’s software platform aims to help clients take action in real time to save lost revenue and retain their customers while limiting damage to their brands and reputations. San Francisco-based PagerDuty is laying off 7% of its workforce as part of an effort to boost profitability. The company has about 950 employees, so that means about 66 employees are affected by the layoffs. PagerDuty expects to incur one-time charges in the range of $5 million and $7 million in connection with the job cuts, primarily from…