Although PagerDuty's stock has been down, analysts have high hopes, and PagerDuty CEO Jennifer Tejada says the DevOps market is still 'very nascent.'
, in a much-watched IPO — but then saw its stock sink after after it announced heavy losses in its most recent quarter. CEO Jennifer Tejada says that she doesn't regret that the IPO happened when it did, saying it helped PagerDuty's brand.PagerDuty is just about six months out from its April IPO, but CEO Jennifer Tejada says that not much has changed: the company is still focusing on developers.
William Blair partner Bhavan Suri wrote in a note to clients that he expects PagerDuty"to deliver a strong performance during the second half of fiscal 2020 and sustain attractive growth rates for the next few years," and customers that he spoke to are interested in using PagerDuty's new products. He expects this to translate in PagerDuty's stock as well.
To seize on those opportunities, PagerDuty has also been focused on rebranding. Rende says that the company is launching new advertising campaigns, in what's largely a first for the company — but still talking to developers to make sure its new image isn't alienating them. "That's another thing we do to give back to the community and make sure we're not just a corporation that's not in touch with our users," Rende said.
At this point, PagerDuty has now been around for 10 years, but Tejada says the DevOps market, or market for software targeted at development and operations, is still"very nascent."
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