Revenue Update on Pegasystems(NASDAQ:PEGA)

Pegasystems(NASDAQ:PEGA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $189.85M. Analysts estimated a revenue of $185.09M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.15.

Pegasystems (PEGA) shares turned negative on Fridays trading session with the shares closing down -0.31 points or -1.22% at a volume of 2,88,505. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.39. The peak price level was also seen at $25.39 while the days lowest was $24.94. Finally the shares closed at $25.02. The 52-week high of the shares is $30.23 while the 52-week low is $20.38. According to the latest information available, the market cap of the company is $1,909 M.

Several Insider Transactions has been reported to the SEC. On Jul 28, 2016, Richard H Jones (director) sold 1,200 shares at $28.07 per share price.Also, On Jul 5, 2016, Douglas I Kra (SVP, Global Customer Success) sold 799 shares at $27.03 per share price.On Jun 16, 2016, Efstathios A Kouninis (VP of Finance & CAO) sold 396 shares at $27.73 per share price, according to the Form-4 filing with the securities and exchange commission.

Pegasystems Inc. develops markets licenses and supports software applications which is designed to assist clients in building deploying and evolving enterprise applications. The Company’s applications and platform intersect with and encompass several traditional software markets including Customer Relationship Management (CRM); Business Process Management (BPM); Business Rules Management Systems (BRMS); Dynamic Case Management (DCM); Decision Management which includes Predictive and Adaptive analytics and the Vertical Specific Software (VSS) market of industry solutions and packaged applications. The Company provides implementation consulting training technical support and hosting services to facilitate the use of its software. The Company offers its services to financial services healthcare insurance communications and media public sector manufacturing and life sciences markets.

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