Aspen Technology Punished For Lowering Sales Forecast

By | August 14, 2015

Scalper1 News

Investors punished Aspen Technology (AZPN) stock Friday, taking the software maker to task for lowering its revenue estimate for fiscal 2016 and ignoring the company’s fourth-quarter earnings beat. Aspen stock gapped down at the open and fell nearly 20% at one point in early action to a nearly seven-month low. Shares gained back some ground and were down 12%, near 37, in early afternoon trading in the stock market today. The maker of software Scalper1 News

Scalper1 News