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ASPEN TECHNOLOGY

(AZPN)
  Report
Real-time Estimate Cboe BZX  -  03:50:53 2023-01-30 pm EST
197.68 USD   +3.63%
01/26Baird Adjusts Aspen Technology's Price Target to $202 From $224, Keeps Neutral Rating
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01/26Piper Sandler Adjusts Aspen Technology's Price Target to $195 From $240, Keeps Neutral Rating
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01/26KeyBanc Adjusts Aspen Technology's Price Target to $244 From $280, Keeps Overweight Rating
MT
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Aspen Technology: Fiscal Q1 Earnings Snapshot

10/26/2022 | 04:27pm EST

BEDFORD, Mass. (AP) _ Aspen Technology, Inc. (AZPN) on Wednesday reported a fiscal first-quarter loss of $11.2 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Bedford, Massachusetts-based company said it had a loss of 17 cents. Earnings, adjusted for one-time gains and costs, were $2.20 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The software maker posted revenue of $250.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $228 million.

Aspen Technology expects full-year earnings in the range of $6.76 to $6.91 per share, with revenue in the range of $1.14 billion to $1.2 billion.

Aspen Technology shares have increased 63% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $248.40, an increase of 61% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AZPN at https://www.zacks.com/ap/AZPN

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

All news about ASPEN TECHNOLOGY
01/26Baird Adjusts Aspen Technology's Price Target to $202 From $224, Keeps Neutral Rating
MT
01/26Piper Sandler Adjusts Aspen Technology's Price Target to $195 From $240, Keeps Neutral ..
MT
01/26KeyBanc Adjusts Aspen Technology's Price Target to $244 From $280, Keeps Overweight Rat..
MT
01/25Aspen Technology Fiscal Q2 EPS Falls, Trails Estimates; Shares Slump
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01/25Aspen Technology : Fiscal Q2 Earnings Snapshot
AQ
01/25Earnings Flash (AZPN) ASPEN TECHNOLOGY Reports Q2 Revenue $242.8M
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01/25Earnings Flash (AZPN) ASPEN TECHNOLOGY Posts Q2 EPS $0.35
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01/18Baird Adjusts Price Target on Aspen Technology to $224 From $242, Maintains Neutral Rat..
MT
01/13Emerson Named 'Industrial IoT Company of the Year' for Fifth Time
AQ
01/11Berenberg Starts Aspen Technology at Hold With $210 Price Target
MT
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Analyst Recommendations on ASPEN TECHNOLOGY
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Financials ()
Sales 2021 709 M - -
Net income 2021 320 M - -
Net cash 2021 50,2 M - -
P/E ratio 2021 29,5x
Yield 2021 -
Capitalization 11 077 M 11 077 M -
EV / Sales 2020 12,0x
EV / Sales 2021 13,1x
Nbr of Employees 1 897
Free-Float -
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Managers and Directors
Antonio Jose Pietri President & Chief Executive Officer
Chantelle Yvette Breithaupt Chief Financial Officer, Director & Senior VP
Willie K. Chan Chief Technology Officer
Christopher Stagno Director, Chief Accounting Officer & Senior VP
Lawrence S. Schwartz Chief Marketing Officer & Senior Vice President