PagerDuty fall after annual forecasts trimmed

ReutersSep 4, 2025 1:02 PM

Shares of software firm PagerDuty PD.N fall 3.1% to $15.1 premarket

PD cuts FY26 revenue forecasts to $493 million - $497 million vs prior forecast of 493 million - $499 million

Baird says "Company is still seeing some elevated levels of churn and customer downgrades, which are adding pressure to net retention rates"; cuts PT to $16 from $18

While there is caution around headwinds for user-based pricing for the product, there is encouragement by the pricing overall - RBC

RBC reduces PT to $18 from $20

Co reports Q2 adj EPS of 30 cents, ahead of analyst estimates of 21 cents - data compiled by LSEG

Separately, PD announces share repurchase program of $200 mln - SEC filing

Six of 10 brokerages rate the stock "buy" or higher, four "hold"; their median PT is $18- LSEG data

Up to last close stock down 14.6% YTD

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