Pegasystems Hits 52-Week High, Customer Wins Key Catalyst
Zacks Investment Research | Nov 21, 2016 04:46AM ET
Share price of Pegasystems Inc. (NASDAQ:PEGA) rallied to a new 52-week high of $35.85, eventually closing a tad bit lower at $35.75 on Nov 18. This represents a strong year-to-date return of approximately 30%, better than the S&P 500’s 6.8% in the same period.
Currently, Pegasystems carries a Zacks Rank #2 (Buy). Notably, the stock has a market cap of $2.67 billion.
Key Factors
Pegasystems reported third-quarter 2016 earnings of 7 cents per share and revenues of $183 million, which were in line with the Zacks Consensus Estimates. We note that the company has beaten the Zacks Consensus Estimates in all the four trailing quarters, with an average surprise of 20.93%.
PEGASYSTEMS INC Price and Consensus
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