Canaccord Genuity Reaffirms Hold Rating on Pegasystems (PEGA)
Shares of Pegasystems traded down 1.12% during mid-day trading on Friday, hitting $33.63. Pegasystems has a one year low of $25.81 and a one year high of $47.55. The company has a market cap of $1.273 billion and a P/E ratio of 141.71.
Pegasystems last issued its quarterly earnings data on Thursday, May 3rd. The company reported $0.10 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.05. Pegasystems’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Pegasystems will post $0.22 earnings per share next quarter.
Separately, analysts at William Blair downgraded shares of Pegasystems from an “outperform” rating to a “market perform” rating in a research note to investors on Friday.
Pegasystems Inc. develops, markets, licenses, and supports software to automate business processes. The Company’s software enables organizations to build, deploy, and change enterprise applications by directly capturing business objectives, automating programming, and automating work.