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Stock impact report

PTC Stock Surges 41% in a Year: Will the Rally Continue? [Yahoo! Finance]

PTC Inc. (PTC) 
Last ptc inc. earnings: 4/29 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.ptc.com
Company Research Source: Yahoo! Finance
PTC is a software provider offering a comprehensive portfolio of software including computer-aided design (CAD) and product lifecycle management (PLM) solutions. The company's software can be delivered on-premises, in the cloud or in a hybrid model. Solid financial performance has been driving a good run on the trading front. The stock has gained 5% since announcing first-quarter fiscal 2024 results on May 1. PTC outpaced estimates in three of the trailing four quarters while missing in the other. It has an average positive earnings surprise of 8.8%. The stock is trading 5.4% below its 52-week high of $194.24, suggesting further upside potential. Image Source: Zacks Investment Research Growth Factors PTC's performance is gaining from solid momentum across the PLM and CAD business segments especially Windchill PLM and Creo products. In the fiscal second quarter, PLM revenues were $373 million, up 8% year over year. CAD revenues were $230 million, up 16% year over year. P Show less Read more
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