Pegasystems: Expect Continued Strong Performance Ahead [Seeking Alpha]
Pegasystems Inc. (PEGA)
Last pegasystems inc. earnings: 4/29 04:05 pm
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US:NASDAQ Investor Relations:
pega.com/about/investors
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Source: Seeking Alpha
Pegasystems reported strong financial results, beating expectations on revenue, gross profit, EBIT, EPS, and FCF. Pega Cloud is becoming the primary offering demanded by clients, leading to growth acceleration and improved profitability. Investment Action I recommended a buy rating for Pegasystems ( NASDAQ: PEGA ) when I wrote about it the last time , as I expected the market to re-rate the stock's multiple upwards as the business continues to generate attractive FCF. Indeed, my thesis played out nicely, and the stock price has surged to near my target price level as of today. Based on my current outlook and analysis of PEGA, I recommend a buy rating. I believe the business will continue to do well, showing growth acceleration and improving profitability as Pega Cloud becomes a larger part of the business. PEGA's rollout of AI-infused products should also accelerate the pace of adoption for its products. Review PEGA reported a very strong 4Q23 result , where it beat consens
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PEGA
News
- Pegasystems Inc. (NASDAQ:PEGA) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pegasystems Inc. (NASDAQ: PEGA) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $90.00 price target on the stock.MarketBeat
- Pegasystems Inc. (NASDAQ: PEGA) had its price target raised by analysts at Barclays PLC from $66.00 to $69.00. They now have an "equal weight" rating on the stock.MarketBeat
- Pegasystems (PEGA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates [Yahoo! Finance]Yahoo! Finance
- Pegasystems (PEGA) Lags Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
PEGA
Earnings
- 4/24/24 - Beat
PEGA
Sec Filings
- 5/3/24 - Form 4
- 5/3/24 - Form 4
- 5/1/24 - Form 4
- PEGA's page on the SEC website