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AZPN

Aspen Technology

$56.65

-0.53 (-0.93%)

16:10
08/10/17
08/10
16:10
08/10/17
16:10

Aspen Technology reports Q4 adjusted EPS 79c, consensus 44c

Reports Q4 revenue $123.7M, consensus $119.44M. "AspenTech reported fourth quarter and fiscal year 2017 financial results that exceeded expectations and were highlighted by a positive performance across all geographies and product suites," said Antonio Pietri, President and Chief Executive Officer of AspenTech. "During the fourth quarter we made significant strides in bringing continued innovation to market. We successfully launched aspenONE v10, which will deliver increased value to our customers through enhanced functionality and capabilities. In addition, we saw positive momentum with our APM suite as we closed several transactions and continued to generate strong customer interest."

  • 10

    Aug

AZPN Aspen Technology
$56.65

-0.53 (-0.93%)

08/12/16
AVON
08/12/16
DOWNGRADE
AVON
Underperform
Aspen Technology downgraded to Underperform from Market Perform at Avondale
01/27/17
AVON
01/27/17
UPGRADE
AVON
Outperform
Aspen Technology upgraded to Outperform from Underperform at Avondale
Avondale analyst Michael Morosi upgraded Aspen Technology two notches to Outperform from Underperform with a $60 price target following the beat and raise Q2 report. The analyst said Aspen's platform strength has allowed management to maintain a 3-6% annual spend target despite non-renewals from small E&Cs and significant token reductions from large upstream-levered customers. Morosi said management is cautiously optimistic that the worst of the spending declines are behind the company and believes there is an opportunity to drive material revenue re-acceleration, despite the upstream spending environment.
05/10/17
BARD
05/10/17
INITIATION
Target $63
BARD
Neutral
Aspen Technology initiated with a Neutral at Baird
Baird analyst Jason Velkavrh initiated Aspen Technology with a Neutral and a $63 price target citing valuation.
06/29/17
WEDB
06/29/17
INITIATION
WEDB
Neutral
Aspen Technology initiated with a Neutral at Wedbush
Wedbush started coverage of Aspen with a $59 price target and a Neutral rating.

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