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Stock Charts AI Power Rank: 9.3
Power Rank trend -> Rising
07/26/2024 16:00:00 EST
Pegasystems Inc (PEGA)
Industry: Software - Application
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, PEGA has been trading in a range between $62.85 and $57.07 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
PEGA is trading below resistance at $68.80, about 3% to the upside. There is support at $62.10 -7% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Pegasystems Inc $PEGA entered a Green zone 11 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $48.71, a potential down side of -27.17% from the recent price of 66.88. The stock is trading 6.56% (potential upside) below its 52 week high of $71.27 and 77.87 % (potential downside) above its 52 week low of $37.60 - based on the recent price.
Company Summary
Pegasystems Inc develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients' processes and workflows.
News
| Ken Stillwell on Pegasystems (PEGA): Growth Comes from "Clients Using Us More" Pegasystems' (PEGA) COO and CFO Ken Stillwell joins Oliver Renick to give an overview of the company, how PEGA stock rallied after a 2Q earnings beat, and how generative A.I. fueled PEGA's 2Q growth. Source: Schwab Network Fri, 26 Jul 2024 11:52:48 -0400 Sentiment: Positive |
| Pegasystems: At The Point Of Growth Inflection PEGA is recommended as a buy due to growth acceleration and profitability improvement. Strong 2Q24 results show revenue growth and margin sustainability, indicating growth inflection. Market trends and PEGA's AI focus support continued growth acceleration and margin expansion, with the potential for valuation multiples to increase. Source: Seeking Alpha Fri, 26 Jul 2024 08:25:24 -0400 Sentiment: Positive |
| Why Pegasystems Stock Jumped Today Earnings were far better than expected. Pegasystems' annual contract value increased significantly in the quarter. Source: The Motley Fool Thu, 25 Jul 2024 15:29:41 -0400 Sentiment: Positive |
| Pegasystems Inc (PEGA) Q2 2024 Earnings Call Transcript Pegasystems Inc (NASDAQ:PEGA ) Q2 2024 Results Conference Call July 24, 2024 8:00 AM ET Company Participants Peter Welburn - Vice President of Investor Relations Alan Trefler - Founder, CEO & Chairman of the Board Ken Stillwell - COO & CFO Conference Call Participants Steve Enders - Citi Kevin Kumar - Goldman Sachs Jacob Roberge - William Blair Pinjalim Bora - JPMorgan Rishi Jaluria - RBC Austin Cole - JMP Raimo Lenschow - Barclays Mark Schappel - The Benchmark Company Daniel Ives - Wedbush Operator Thank you for standing by my name is Celine, and I will be the conference operator today. At this time, I would like to welcome everyone to the Pegasystems 2Q 24' Earnings Call and Webcast. Source: Seeking Alpha Thu, 25 Jul 2024 12:05:06 -0400 Sentiment: Neutral |
| Pega Achieves In Process Status for FedRAMP's Highest Security Level for Cloud Services CAMBRIDGE, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the leading enterprise AI decisioning and workflow automation platform, today announced its latest milestone in advancing its federal agency capabilities by achieving FedRAMP® High Ready compliance and In Process status with the Department of Veterans Affairs for its Pega Cloud® for Government solution. With data breaches and malicious hacking on the rise, the federal government requires its cloud providers to uphold strict sec. Source: Business Wire Thu, 25 Jul 2024 08:00:00 -0400 Sentiment: Neutral |
Technicals 52 Week Hi: 71.27 52 Week Low: 37.6012 Beta: 1.083 50 Day MA: 59.5806 200 Day MA: 55.0534 Earnings / Revenue Trends Qtr Earnings Growth YOY: 2.849 Qtr Revenue Growth YOY: 0.177 Forward PE: 21.7865 Trailing PE: 46.5743