Tag Archives: azpn

Aspen Technology Punished For Lowering Sales Forecast

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

Aspen Tech Finds Way To Sidestep Falling Oil Prices

Aspen Technology’s main target customers might be in the slow lane, but the enterprise software company is in high gear. Aspen’s stock has trended higher most of this year despite dips in oil prices, even as it works through a major business transition. Investors have responded to its moves. Aspen Technology (AZPN) stock is up nearly 25% this year after falling 16% in 2014. Falling oil prices should, in theory, hurt Aspen, since its business

Aspen Technology Upgraded On Growth Prospects

Pacific Crest upgraded enterprise software maker Aspen Technology (AZPN) to overweight Friday, saying license revenue could grow in double digits for a number of years. Analyst Monika Garg wrote that Aspen has “presented a roadmap of new innovations that would increase its addressable market,” which it now estimates at about $10.9 billion, up from its earlier appraisal of $10.1 billion. She added that although Aspen focuses on the energy industry,