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PEGA

Pegasystems

$58.30

0.4 (0.69%)

09:26
08/10/17
08/10
09:26
08/10/17
09:26

Pegasystems weakness a buying opportunity, says Benchmark

Benchmark analyst Mark Schappel said Pegasystems' hybrid revenue model of term and perpetual licenses makes its results hard to track quarter-to-quarter, which he attributes for the company's Q2 miss compared to consensus estimates. However, he said license and cloud backlog increases and term license and cloud ACV growth suggest that Pegasystems' business is solid and he recommends buying shares on any post-earnings weakness. Schappel keeps a Buy rating and $67 price target on the stock.

  • 06

    Sep

PEGA Pegasystems
$58.30

0.4 (0.69%)

03/07/17
BNCH
03/07/17
UPGRADE
BNCH
Buy
Pegasystems upgraded to Buy from Hold at Benchmark
03/07/17
03/07/17
UPGRADE
Target $52

Buy
Pegasystems upgraded on margin, subscription expectations at Benchmark
As previously reported, Benchmark analyst Mark Schappel upgraded Pegasystems to Buy from Hold, stating that recent management meetings give him higher conviction in their commitment to margin expansion and to shifting to a recurring subscription revenue model. After spending time with "relatively new" CFO Ken Stillwell, Schappel now thinks the company's shift to a recurring revenue model is likely to be quicker and smoother than he initially thought, he tells investors. He raised his price target on Pegasystems shares to $52 from $34.
06/06/17
BNCH
06/06/17
NO CHANGE
Target $67
BNCH
Buy
Pegasystems price target raised to $67 after analyst day at Benchmark
After Pegasystems discussed its robotics automation capabilities, recent bookings momentum and operating margin and growth plans at its analyst day, Benchmark analyst Mark Schappel raised his price target on the shares to $67 from $60 and reiterated his Buy rating.
08/10/17
MUFG
08/10/17
NO CHANGE
Target $57
MUFG
Overweight
Pegasystems price target raised to $57 from $50 at MUFG
MUFG analyst Stephen Bersey raised his price target for Pegasystems to $57 saying the company had a "solid" Q2 based on revenue backlog and annualized contract value. He expects the company's business will stabilize once the revenue model transition is completed and reiterates an Overweight rating on the shares.

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MGLN

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  • 01

    Dec

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M

Macy's

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0.44 (2.13%)

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AFL

Aflac

$85.00

-0.05 (-0.06%)

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  • 01

    Dec

GBL

GAMCO Investors

, WTS

Watts Water

$72.65

0.15 (0.21%)

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GBL

GAMCO Investors

WTS

Watts Water

$72.65

0.15 (0.21%)

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  • 04

    Dec

CC

Chemours

$53.31

0.45 (0.85%)

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  • 01

    Dec

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$NYE

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AIMT

Aimmune

$35.74

0.16 (0.45%)

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  • 28

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PN

Patriot National

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CMCM

Cheetah Mobile

$12.02

-0.4 (-3.22%)

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GM

General Motors

$44.47

0.1828 (0.41%)

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  • 30

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-0.02 (-0.06%)

, OSTK

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