Why Pegasystems Stock Jumped Today
Shares of workflow automation company Pegasystems (NASDAQ: PEGA) soared today after the company reported second-quarter earnings and revenue that easily topped Wall Street's expectations.
Pegasystems' non-GAAP (adjusted) earnings per share of $0.52 was ahead of analysts' consensus estimate of $0.29. And the company's second-quarter sales increased 18% to $351.2 million, outpacing Wall Street's average estimate of $324.7 million.
Pegasystems' stock was up by 14.7% as of 1:41 p.m. ET.
Source Fool.com
Pegasystems Stock
€50.00
0.810%
With 33 Buy predictions and not a single Sell prediction Pegasystems is an absolute favorite of our community.
As a result the target price of 87 € shows a very positive potential of 74.0% compared to the current price of 50.0 € for Pegasystems.
