CompetitionPagerDuty faces increasing competition, particularly from Datadog's new competing product, which could attract lower-tier SMB customers.
Growth ChallengesCore incident response revenue for PagerDuty is slowing, with demand remaining soft despite a stable infrastructure software industry.
Market PerformanceA challenging macro environment has negatively impacted PagerDuty’s performance, driving the stock down 10% YTD and underperforming our coverage universe.