Aspen Technology (AZPN) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.49 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.40. The company posted revenue of $119.21 million in the period, compared to analysts expectations of $116.74 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 EPS.
Many Wall Street Analysts have commented on Aspen Technology. JP Morgan Resumed Aspen Technology on Apr 29, 2016 to “Underweight”, Price Target of the shares are set at $36.
Aspen Technology opened for trading at $37.6 and hit $38.22 on the upside on Wednesday, eventually ending the session at $38.21, with a gain of 1.41% or 0.53 points. The heightened volatility saw the trading volume jump to 6,32,148 shares. Company has a market cap of $3,186 M.
In a different news, on Aug 26, 2015, Mark P. Sullivan (Executive VP & CFO) sold 7,812 shares at $36.89 per share price. According to the SEC, on Jun 4, 2015, F G Hammond (Senior VP & General Counsel) sold 2,442 shares at $43.50 per share price. On Jun 4, 2015, Antonio J Pietri (President & CEO) sold 1,068 shares at $43.25 per share price, according to the Form-4 filing with the securities and exchange commission.
Aspen Technology Inc. is a global provider of process optimization software solutions which are designed to manage and optimize plant and process design operational performance and supply chain planning. The Company’s aspenONE software and related services have been developed specifically for companies in the process industries including the energy chemicals and engineering and construction industries. The Company has developed its applications to design and optimize processes across three principal business areas: engineering manufacturing and supply chain. The Company has three operating segments: license; software maintenance and support (SMS) training and other and professional services. The Company provides integrated process optimization software solutions designed and developed specifically for the process industries.