PD

PagerDuty is trading roughly flat in after-hours action following a significant rally yesterday, where the stock surged 33.7% after the company reported fiscal first-quarter results that beat analyst expectations. The company posted earnings of 32 cents per share, comfortably exceeding the consensus estimate of 25 cents, while revenue of $120.97 million also topped Street projections. While some market participants have expressed concern regarding slowing year-over-year growth and flat annual recurring revenue, investors largely focused on the earnings beat and the company's shift toward usage-based pricing during the regular session. With no new material news released following today's close, the stock is holding steady as it consolidates those substantial gains from the previous day.