Investors in PagerDuty, Inc. (PD) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 16, 2026 $05.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also me ...

Core Viewpoint - Precision Drilling Corporation reported its third quarter 2025 results, highlighting a resilient performance despite a challenging North American drilling market, with a focus on shareholder returns and fleet investments to meet customer demand [2][4][10]. Financial Highlights - Revenue for Q3 2025 was $462 million, a 3% decrease from $477 million in Q3 2024, outperforming industry declines of 15% in Canada and 7% in the U.S. [7][18]. - Adjusted EBITDA was $118 million, down 17.4% from $142 million in Q3 2024, impacted by higher operating costs and share-based compensation [7][18]. - Net earnings attributable to shareholders were a loss of $7 million, compared to a profit of $39 million in Q3 2024, primarily due to increased deferred income tax expenses [7][18]. - Cash provided by operations was $76 million, enabling the company to repay $10 million of debt and repurchase $9 million of common shares [7][18]. - Capital expenditures for Q3 2025 were $69 million, with a revised 2025 capital budget increased to $260 million from $240 million [7][18]. Operational Highlights - The company operated 68 drilling rigs in Canada, with strong demand for Super Triple and Super Single rig classes, expecting near full utilization during the winter season [6][10]. - U.S. activity increased by over 10% year-over-year, with 39 active rigs compared to 30 in Q1 2025, driven by strength in natural gas basins [8][26]. - International operations averaged seven active rigs, generating stable free cash flow [9][27]. Market Positioning - Precision's favorable positioning in U.S. natural gas and Canadian heavy oil markets, combined with technical expertise, has allowed the company to capture opportunities for capital deployment [4][10]. - The company plans to allocate 35% to 45% of free cash flow to share repurchases, having already repurchased $54 million in shares year-to-date [11][23]. Strategic Outlook - The company anticipates strong demand for its North American Super Series rigs, with expectations for winter drilling activity to meet or exceed last year's levels [25][29]. - In the U.S., the natural gas rig count has increased approximately 20% year-to-date, reflecting positive customer sentiment towards LNG off-take and AI demand [26][29]. - Internationally, the company maintains long-term contracts for its rigs, with expectations for stable operations through 2027 and 2028 [27][29].

SYDNEY--(BUSINESS WIRE)--PagerDuty, Inc. (NYSE:PD), a global leader in digital operations management, announced the appointment of Callum Eade to the position of vice president, Asia Pacific Sales. Callum will lead PagerDuty's next phase of growth in the Asia-Pacific region, bringing the PagerDuty Operations Cloud and modern incident management to customers across the region to solve their biggest digital operations challenges. "We are thrilled to appoint Callum as vice president, Asia Pacific. ...

Core Insights - The current stock market is described as incredibly tricky, with the S&P 500 appearing shaky and vulnerable to negative news [1] - A limited number of large-cap tech stocks continue to dominate the market landscape [1] Industry Analysis - The article highlights the experience of Gary Alexander, who has a background in covering technology companies on Wall Street and working in Silicon Valley, indicating a deep understanding of industry trends [1] - Alexander has been a contributor to Seeking Alpha since 2017, suggesting a long-term engagement with market analysis and investment insights [1] - His articles are widely disseminated, being quoted in various web publications and syndicated to popular trading apps like Robinhood, which indicates a significant reach and influence in the investment community [1]

Market Overview - The current stock market is described as incredibly tricky for investment, with the S&P 500 appearing shaky and susceptible to negative news [1] - A limited number of large-cap tech stocks continue to dominate the market landscape [1] Analyst Background - Gary Alexander has extensive experience covering technology companies on Wall Street and working in Silicon Valley, providing insights into industry trends [1] - He has been a contributor to Seeking Alpha since 2017 and has been quoted in various web publications, with his articles reaching popular trading apps like Robinhood [1]

Core Viewpoint - Precision Drilling Corporation has appointed Mr. Carey Ford as the new President and Chief Executive Officer, succeeding Kevin Neveu, who has retired after 18 years in the role [1][6]. Leadership Changes - Mr. Ford has been with Precision since 2011 and served as Chief Financial Officer since 2016, where he has strengthened investor confidence and guided the company's financial strategy [2]. - The Board has also appointed Gene Stahl as Chief Operating Officer, who has over 28 years of experience with the company, and Dustin Honing as Chief Financial Officer, who has nearly 15 years of experience at Precision [4]. Strategic Direction - Mr. Ford expressed enthusiasm for his new role and emphasized the company's commitment to serving customers and operating safely, while also looking forward to guiding Precision into its next growth phase [3]. - The Board expressed full confidence in Mr. Ford's leadership and highlighted the company's focus on advancing its technology-driven strategy and delivering sustainable long-term value for stakeholders [5]. Company Overview - Precision is a leading provider of safe and environmentally responsible services to the energy industry, with a focus on High Performance and High Value services [7]. - The company offers an extensive fleet of Super Series drilling rigs and has developed a digital technology portfolio known as Alpha, which utilizes advanced automation software and analytics [7]. - Precision is headquartered in Calgary, Alberta, Canada, and is publicly traded on the Toronto Stock Exchange and the New York Stock Exchange [8].

Company Overview - Precision Drilling Corporation is a leading provider of safe and environmentally responsible services to the energy industry, offering access to an extensive fleet of Super Series drilling rigs [4] - The company has commercialized an industry-leading digital technology portfolio known as Alpha™, which utilizes advanced automation software and analytics to deliver efficient, predictable, and repeatable results for energy customers [4] - Precision also provides well service rigs, camps, and rental equipment, supported by a comprehensive mix of technical support services and skilled personnel [4] Upcoming Financial Results - Precision intends to release its 2025 third quarter results after the market closes on October 22, 2025 [1] - A conference call is scheduled for October 23, 2025, at 11:00 a.m. MT (1:00 p.m. ET) to discuss the results [1] - Participants can register for the conference call to receive a dial-in number and unique PIN for questions [1][2] Webcast and Replay - The conference call will also be webcast, and a replay will be available on Precision's website for 12 months [2]

Company Overview - Renaissance Investment Management released its Q2 2025 "Small Cap Growth Strategy" investor letter, highlighting the volatility in the stock market during the second quarter due to unexpected tariff announcements, which caused a 7% drop in stock prices from April 2 to April 7 [1] - The Russell 2000 Growth Index rallied in the second quarter, and the strategy outperformed the index, indicating positive economic growth ahead supported by sound corporate earnings and solid economic data [1] PagerDuty, Inc. (NYSE:PD) Performance - PagerDuty, Inc. is a digital operations management platform, with a one-month return of -0.06% and a 52-week loss of 10.33%, closing at $16.32 per share on September 19, 2025, with a market capitalization of $1.522 billion [2] - The company reported revenue of $123 million in the fiscal second quarter of 2026, representing a 6% year-over-year growth [4] Investment Strategy and Changes - Renaissance Investment Management exited its position in PagerDuty, Inc. due to struggles in reaccelerating revenue growth to double-digit levels, ongoing execution challenges, and increased competition from larger players [3] - Despite acknowledging PagerDuty's potential, the company believes that certain AI stocks offer greater upside potential and less downside risk, suggesting a shift in investment focus [4]

Core Insights - PagerDuty Inc. is recognized as a strong tech stock by Cathie Wood, despite Goldman Sachs maintaining a Neutral rating with a $16 price target following the company's Q2 results [1][2] Financial Performance - In Q2, PagerDuty's revenue increased by 6% year-over-year to $123 million, surpassing expectations, with earnings per share at $0.30 compared to the forecast of $0.20 [2] - Annual recurring revenue rose by 5% year-over-year to $499 million, with the number of customers generating over $100,000 in revenue increasing by 6% to 868 [4] Market Position and Strategy - PagerDuty is positioned as a key player in the AI ecosystem, serving as a preferred real-time operations platform for enterprises and AI-native companies [3] - The company anticipates Q3 revenue to be between $124 million and $126 million, indicating a year-over-year growth of 4% to 6% [4] Product Offering - PagerDuty provides a digital operations management platform that assists IT and DevOps teams in real-time incident detection, response, and resolution, integrating with various monitoring tools and utilizing AI for automation [5]

Product & Solution - Pedi offers an enterprise-grade AI-powered incident management solution to help organizations transform critical operations [1] - The AI agent assists teams in understanding incidents through chat platforms like Slack or MS Teams, eliminating the need to navigate dashboards [2] - Langraph structures the AI agent with memory, decision-making, and fallbacks, parsing questions and devising plans to find answers [3] - Langraph provides full control over the agent's behavior, enabling debugging, error handling, and output analysis [4] Benefits & Impact - The AI agent saves engineers hours per week and reduces context switching [6] - Internal use of the AI agent provides learnings and a framework for developing more AI agents for customers [6] - Engineers use it for retrospectives, product managers use it to understand service stability, and executives use it to ask about incident and service health metrics [5] Technology & Architecture - Langraph helps maintain context throughout conversations, facilitating faster insights from incidents [3] - Langraph is flexible, open, well-documented, and integrates with Langchain and other observability tools [7] - Langraph enables the building of reliable and thoughtful AI agents that involve reasoning, data access, or coordination between steps [6][7]