Benchmark Downgrades Aspen Technology to Hold
Benchmark analyst Mark Schappel downgrades Aspen Technology (NASDAQ:AZPN) from Buy to Hold.
JP Morgan Downgrades Aspen Technology to Underweight, Lowers Price Target to $144
JP Morgan analyst Jackson Ader downgrades Aspen Technology (NASDAQ:AZPN) from Neutral to Underweight and lowers the price target from $156 to $144.
Keybanc Maintains Overweight on Aspen Technology, Raises Price Target to $155
Keybanc analyst Jason Celino maintains Aspen Technology (NASDAQ:AZPN) with a Overweight and raises the price target from $150 to $155.
Recap: Aspen Technology Q4 Earnings
Shares of Aspen Technology (NASDAQ:AZPN) were unchanged after the company reported Q4 results.
Quarterly Results
Earnings per share were down 0.65% year over year to $1.53, which beat the estimate of $1.47.
Aspen Technology Sees FY22 Adj. EPS $4.79-$5.17 vs $5.17 Est., Sales $702M-$737M vs $720.58M Est.
Business Outlook
Based on information as of today, August 11, 2021, Aspen Technology is issuing the following guidance for fiscal year 2022:
Annual spend growth of 5-7% year-over-year
Free cash flow of $275 to $285
Aspen Technology Q4 EPS $1.53 Beats $1.47 Estimate, Sales $197.96M Miss $208.14M Estimate
Aspen Technology (NASDAQ:AZPN) reported quarterly earnings of $1.53 per share which beat the analyst consensus estimate of $1.47 by 4.08 percent. This is a 0.65 percent decrease over earnings of $1.54 per share from the
Earnings Scheduled For August 11, 2021
Companies Reporting Before The Bell
• Wireless Telecom Group (AMEX:WTT) is likely to report earnings for its second quarter.
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Aspen Technology Announces New $300M Share Repurchase Program
Aspen Technology Announces New $300 Million Share Repurchase Program
Aspen Technology, Inc. (NASDAQ:AZPN) ("AspenTech"), a global leader in asset optimization software, announced today that its Board of
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