PagerDuty Declines 16% YTD: Should You Buy the Stock on the Dip?

PagerDuty (PD) shares have plunged 15.7% in the year-to-date period against the Zacks  Internet - Software industry’s rise of 38.3% and the broader Zacks Computer & Technology sector’s return of 35.5%. PD has underperformed its peers, such as Atlassian (TEAM) , which offers similar digital operations management solutions. TEAM shares gained 13.5% over the same time frame.The underperformance can be attributed to ongoing weakness in the Small and Medium-sized Business segment and a challenging macroeconomic ...