PagerDuty Surges on Third-Quarter Earnings Beat, Analyst Praise

PagerDuty  (PD) – Get Report was surging Friday after the digital operations company posted better-than-expected third-quarter results and analysts responded by raising their price targets.

Shares of the San Francisco-based company were jumping nearly 22.8% to $39.74 in trading Friday.

PagerDuty reported a non-GAAP net loss of $6.9 million, or 9 cents a share, compared with a loss of $7.9 million, or 10 cents a share, a year ago. Revenue increased 26% to $54 million. The company also raised its guidance.

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