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
€62.00
-2.340%
We see a rather positive sentiment for Pegasystems with 17 Buy predictions and 1 Sell predictions.
With a target price of 74 € there is a slightly positive potential of 19.35% for Pegasystems compared to the current price of 62.0 €.
