Pegasystems (PEGA) Stock: Why Its Trending Today

By Amit Chowdhry ● Feb 18, 2022
  • The Pegasystems (NASDAQ: PEGA) stock is trending today. This is why.

The Pegasystems (NASDAQ: PEGA) stock is trending today. And the company stock price fell by 15.63% in the most recent trading session.

Pegasystems had reported a Q4 EPS of $0.04, which was $0.08 less than the analyst estimates of $0.12. And the revenue for the quarter was $316.18 million compared to the consensus estimate of $346.72 million.

In terms of guidance, Pegasystems expects Q1 2022 EPS of $0.75-$1.00 compared to the consensus of $0.84. And Pegasystems expects Q1 2022 revenue of $1.46-1.49 million, compared to the consensus of $1.48 million.

JMP Securities analyst Patrick Walravens assigned Pegasystems a price target of $155 while maintaining a “Market Outperform” rating on the shares.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.