/shutterstock_611605280.jpg)
San Francisco-based Pagerduty (PD) is a software as a service (SaaS) company, offering the PagerDuty digital operations management program to provide wireless application solutions to its clients. It collects data and digital signals from any virtually enabled software system, and mixes it with human response data - allowing it to predict opportunities and issues in real-time. Serving over 700 integrated applications, Pagerduty boasts a customer network of over 25,000 companies spread across the U.S., Canada, Australia, and the UK.
Currently valued at just over $2 billion by market cap, Pagerduty stock has been underperforming most of the year. The stock is down nearly 9% on a YTD basis, and has dropped more than 20% from its mid-January peak.