Latest news with #PagerDuty
Yahoo
8 hours ago
- Business
- Yahoo
PagerDuty (PD) Climbs 7% on Analyst Upgrade, Sale Reports
We recently published . PagerDuty, Inc. (NYSE:PD) is one of the best-performing stocks on Monday. PagerDuty rallied for a second day on Monday, adding 7.06 percent to close at $16.83 apiece as investors took heart from an analyst upgrade and news that it was exploring a sale. In its market note, investment firm TD Cowen raised its price target and recommendation for PagerDuty, Inc. (NYSE:PD) to $22 from $17 and to 'buy' from 'hold' previously. This followed a report by Reuters on Friday, quoting sources privy to the matter, that PagerDuty, Inc. (NYSE:PD) was exploring a potential sale after receiving interest from buyers. Reuters said PagerDuty, Inc. (NYSE:PD) is currently working with Qatalyst Partners to facilitate the potential acquisition, and that investment bankers are now soliciting further buyer interest. Copyright: stokkete / 123RF Stock Photo According to TD Cowen, Qatalyst Partners has a strong track record of facilitating software mergers and acquisitions, adding that many of its facilitated transactions resulted in sales over the years. PagerDuty, Inc. (NYSE:PD) is a California-based software maker that helps businesses monitor their IT systems and respond to cyber incidents and outages. While we acknowledge the potential of PD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
PagerDuty reportedly explores sale, Coinbase, Lockheed Martin
Yahoo Finance anchor Josh Lipton tracks today's top moving stocks and biggest market stories in this Market Minute. Coinbase (COIN) was downgraded to Neutral from Buy by Monness, Crespi, Hardt, just ahead of the company's second quarter earnings results. Lockheed Martin (LMT) and other defense names are rising on the EU's agreement to purchase large amounts of US military equipment. PagerDuty (PD) is reportedly exploring a sale of the company, according to Reuters. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo! Finance's market minute. Coinbase hit with a downgrade ahead of its second quarter results. Monness, Crespi, Hardt lowering its rating on that stock from buy to neutral. The firm noting, it believes it is time to take profit and that crypto exchange volumes tracked by the firm were down 2% in the quarter from the prior year. And taking a look at the fence and aerospace contractor, Lockheed Martin. The fence names seeing opportunity from the European Union's trade deal with the U.S. The EU agreeing to purchase significant amounts of U.S. military equipment. And lastly, PagerDuty exploring a potential sale. That's according to Reuters. The U.S. based software maker receiving inbound acquisition interest and working with Catalyst Partners on the sale effort. The investment bankers are now reportedly soliciting possible further buyer interest with the process at an early stage. And that's your Yahoo! Finance market minute. For more on what's trending, scan the QR code below to track the best and worst performing stocks of the session.
Yahoo
a day ago
- Business
- Yahoo
Why PagerDuty (PD) Stock Is Up Today
What Happened? Shares of IT incident response platform PagerDuty (NYSE:PD) jumped 8.8% in the morning session after reports surfaced that the company was exploring a potential sale, prompting an upgrade from a Wall Street firm. Investment bank TD Cowen upgraded the stock to 'Buy' from 'Hold' and raised its price target to $22. Analysts at the firm cited a 'high likelihood' that PagerDuty would be acquired, noting the company was reportedly working with Qatalyst Partners, a firm with a strong track record in software mergers and acquisitions. While takeover interest had surfaced in the past, reports indicated that the hiring of advisors made this situation more concrete for investors, signaling a more serious process was underway. Is now the time to buy PagerDuty? Access our full analysis report here, it's free. What Is The Market Telling Us PagerDuty's shares are somewhat volatile and have had 13 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 17 days ago when the stock dropped 5.2% on the news that the Trump administration announced intentions to impose a 35% tariff on many goods imported from Canada. This move is far more than a typical trade dispute; it targets the United States' largest and most deeply integrated trading partner. Canada is not merely a neighbor but a critical component of North American supply chains, particularly in sectors like automotive, energy, and critical minerals. This move has sparked concerns about potential retaliatory actions and a wider impact on the North American economy, leading to a risk-off sentiment among investors. The S&P 500, Dow Jones Industrial Average, and Nasdaq all opened lower, pulling back from recent record highs and heading for their first weekly loss in three weeks. PagerDuty is down 6.9% since the beginning of the year, and at $16.75 per share, it is trading 23.4% below its 52-week high of $21.87 from July 2024. Investors who bought $1,000 worth of PagerDuty's shares 5 years ago would now be looking at an investment worth $594.39. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
Reuters
4 days ago
- Business
- Reuters
PagerDuty exploring potential sale after receiving buyer interest, sources say
NEW YORK, July 25 (Reuters) - PagerDuty (PD.N), opens new tab is exploring options, including a potential sale of the U.S.-based software maker, after receiving inbound acquisition interest, people familiar with the matter said on Friday. The company is working with Qatalyst Partners on the sale effort, after attracting interest from both financial sponsors and strategic acquirers. The investment bankers are now soliciting possible further buyer interest in PagerDuty, with this process at an early stage, the sources added. Shares in PagerDuty jumped more than 10% on the news, giving the company a market value of around $1.5 billion. The sources cautioned that a sale of the company was not guaranteed and spoke on condition of anonymity to discuss private deliberations. PagerDuty and Qatalyst Partners did not immediately respond to requests for comment. San Francisco, California-based PagerDuty makes software that helps businesses monitor their IT systems and respond to cyber incidents and outages. Some of its customers include Cisco Systems (CSCO.O), opens new tab, Fox Corp (FOXA.O), opens new tab, Shopify ( opens new tab, Zoom (ZM.O), opens new tab, and the New York Stock Exchange, according to the company's website. This is not the first time the company has explored a sale, per the sources, with a similar effort in late 2023 failing to yield an agreeable offer from a buyer.
Yahoo
4 days ago
- Business
- Yahoo
PagerDuty exploring potential sale after receiving buyer interest, sources say
By Milana Vinn NEW YORK (Reuters) -PagerDuty is exploring options, including a potential sale of the software maker, after receiving inbound acquisition interest, people familiar with the matter said on Friday. The company is working with Qatalyst Partners on the sale effort, which is at an early stage, added the sources, who cautioned that no sale of the company was guaranteed and spoke on condition of anonymity to discuss private deliberations. PagerDuty and Qatalyst Partners did not immediately respond to requests for comment. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
