PEGA Stock Recent News

Although the revenue and EPS for Pegasystems (PEGA) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

CAMBRIDGE, Mass. , Oct. 11, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced it will report financial results for the third quarter of 2023 on Wednesday, October 25, 2023, after market close.

CAMBRIDGE, Mass. , Aug. 23, 2023 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world's leading enterprises to Build for Change®, today announced that Ken Stillwell, COO and CFO, Pega, will present at the following upcoming investor conferences: Goldman Sachs Communacopia & Technology Conference (https://event.webcasts.com/starthere.jsp?ei=1629999&tp_key=8f6cdb7674&tp_special=8).

Pegasystems shares rose Monday as Wedbush analysts added the enterprise software company to its Best Ideas List.  The firm also maintained its Outperform rating and $65 price target.

While the top- and bottom-line numbers for Pegasystems (PEGA) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Pegasystems (PEGA) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.38 per share a year ago.

Pegasystems Inc. provides a range of workflow automation software to organizations. The firm has seen strong client interest in its AI-enhanced products and plans for integration to generative AI. However, 2023's revenue growth will likely be less than 2022's growth vs. 2021, so I remain Neutral [Hold] on Pegasystems Inc. in the near term.

Pegasystems (PEGA) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

An analyst at Wedbush upgraded his rating on the low-code software specialist. The analyst also increased his price target for the stock and issued some encouraging earnings targets.

Pegasystems Inc. PEGA, -0.65% stock is up 4.4% in premarket trades Wednesday after Wedbush upgraded the business software company to outperform from neutral and raised its price target to $65 a share from $50. Analyst Daniel Ives said the upgrade reflects “incrementally better field checks and an under-the-radar artificial intelligence (AI) story that is now starting to form.