Stock Track | Pegasystems Surges 14.79% on Q3 Earnings Beat, Gartner Recognition

Stock Track

Oct 25, 2024

Pegasystems Inc. (PEGA) shares soared 14.79% on October 24, 2024, as the software company reported better-than-expected earnings for the third quarter and received positive industry recognition, bolstering investor confidence in its growth prospects.

For the quarter ended September 30, Pegasystems reported adjusted earnings of $0.39 per share, surpassing analysts' consensus estimate of $0.34 per share. Although revenue of $325.1 million slightly missed expectations of $327.7 million, investors overlooked the modest shortfall, focusing instead on the company's ability to surpass profit expectations amid an uncertain economic environment.

Pegasystems' strong performance was further boosted by Gartner Research recognizing the company as a Leader in the Magic Quadrant for Enterprise Low-Code Application Platforms (LCAPs). Gartner praised Pegasystems' Pega Infinity suite, which empowers organizations with AI-powered decisioning and workflow automation, along with a low-code environment for accelerated deployments and faster iterations.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1150863279"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1150863279\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1150863279?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-25 03:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1150863279","market":"us","top_or_hot":-1,"title":"Stock Track | Pegasystems Surges 14.79% on Q3 Earnings Beat, Gartner Recognition","media":"Stock Track","content":"<p>Pegasystems Inc. (PEGA) shares soared 14.79% on October 24, 2024, as the software company reported better-than-expected earnings for the third quarter and received positive industry recognition, bolstering investor confidence in its growth prospects.</p>\n\n<p>For the quarter ended September 30, Pegasystems reported adjusted earnings of $0.39 per share, surpassing analysts' consensus estimate of $0.34 per share. Although revenue of $325.1 million slightly missed expectations of $327.7 million, investors overlooked the modest shortfall, focusing instead on the company's ability to surpass profit expectations amid an uncertain economic environment.</p>\n\n<p>Pegasystems' strong performance was further boosted by Gartner Research recognizing the company as a Leader in the Magic Quadrant for Enterprise Low-Code Application Platforms (LCAPs). Gartner praised Pegasystems' Pega Infinity suite, which empowers organizations with AI-powered decisioning and workflow automation, along with a low-code environment for accelerated deployments and faster iterations.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Pegasystems Surges 14.79% on Q3 Earnings Beat, Gartner Recognition</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Pegasystems Surges 14.79% on Q3 Earnings Beat, Gartner Recognition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-25 03:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Pegasystems Inc. (PEGA) shares soared 14.79% on October 24, 2024, as the software company reported better-than-expected earnings for the third quarter and received positive industry recognition, bolstering investor confidence in its growth prospects.</p>\n\n<p>For the quarter ended September 30, Pegasystems reported adjusted earnings of $0.39 per share, surpassing analysts' consensus estimate of $0.34 per share. Although revenue of $325.1 million slightly missed expectations of $327.7 million, investors overlooked the modest shortfall, focusing instead on the company's ability to surpass profit expectations amid an uncertain economic environment.</p>\n\n<p>Pegasystems' strong performance was further boosted by Gartner Research recognizing the company as a Leader in the Magic Quadrant for Enterprise Low-Code Application Platforms (LCAPs). Gartner praised Pegasystems' Pega Infinity suite, which empowers organizations with AI-powered decisioning and workflow automation, along with a low-code environment for accelerated deployments and faster iterations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PEGA","symbol_name":"Pegasystems Inc","start_time":0,"source_url":"","article_id":"1150863279","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150863279","pubTimestamp":1729798952,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Pegasystems Inc.  shares soared 14.79% on October 24, 2024, as the software company reported better-than-expected earnings for the third quarter and received positive industry recognition, bolstering investor confidence in its growth prospects.For the quarter ended September 30, Pegasystems reported adjusted earnings of $0.39 per share, surpassing analysts' consensus estimate of $0.34 per share. Although revenue of $325.1 million slightly missed expectations of $327.7 million, investors overlook","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PEGA":"Pegasystems Inc"},"translate_title":"股票跟踪Pegasystems因第三季度盈利超出预期而飙升14.79%，获得Gartner认可","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PEGA":1},"content_text":"Pegasystems Inc. (PEGA) shares soared 14.79% on October 24, 2024, as the software company reported better-than-expected earnings for the third quarter and received positive industry recognition, bolstering investor confidence in its growth prospects.\nFor the quarter ended September 30, Pegasystems reported adjusted earnings of $0.39 per share, surpassing analysts' consensus estimate of $0.34 per share. Although revenue of $325.1 million slightly missed expectations of $327.7 million, investors overlooked the modest shortfall, focusing instead on the company's ability to surpass profit expectations amid an uncertain economic environment.\nPegasystems' strong performance was further boosted by Gartner Research recognizing the company as a Leader in the Magic Quadrant for Enterprise Low-Code Application Platforms (LCAPs). Gartner praised Pegasystems' Pega Infinity suite, which empowers organizations with AI-powered decisioning and workflow automation, along with a low-code environment for accelerated deployments and faster iterations.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}