Latest news with #Pegasystems
Globe and Mail
a day ago
- Business
- Globe and Mail
Pega Launches Pega Cloud, Hosted by Google Cloud, in the Kingdom of Saudi Arabia
Pegasystems Inc. (NASDAQ: PEGA), the Enterprise Transformation Company™, today announced that Pega Cloud® is now available as a service hosted on Google Cloud in the Kingdom of Saudi Arabia. This strategic deployment enables customers in the Kingdom to leverage Pega's industry-leading capabilities while supporting data residency requirements within Saudi Arabia's borders. This will directly support the government's Vision 2030 initiative to establish the Kingdom as a regional technology hub. The availability of Pega Cloud on Google Cloud in Saudi Arabia addresses the growing demand for cloud-based software solutions as part of the Kingdom's ambitious digital transformation agenda. With the Saudi Arabian Information and Communications Technology (ICT) market valued at approximately $48 billion and growing at 15-16% compound annual growth rate, this expansion demonstrates Pega's commitment to supporting the country's technological advancement and economic diversification goals. As an enterprise AI decisioning and workflow automation platform, Pega delivers business-transforming value by partnering with the world's largest organisations to Build for Change®. The introduction of Pega Cloud on Google Cloud in Saudi Arabia extends this capability to local enterprises seeking to modernise their operations. Key Benefits of Pega Cloud on Google Cloud: Build and evolve mission-critical Pega applications with enterprise-grade cloud services that meet the most demanding security and performance requirements Drive greater value from Pega solutions with up-to-date services and access to Pega's latest capabilities, ensuring continuous innovation and competitive advantage Deliver better business outcomes faster with centralized Pega operations management, reducing time to market and operational complexity Innovate faster with Pega Agentic AI powering revolutionary design-time tools like Pega Blueprint, allowing for accelerated ideation to production timelines. The announcement aligns with Pega's recognition as a leader in the Forrester Wave for AI Decisioning Platforms, where the company achieved a perfect score on strategy. This industry recognition underscores Pega's position at the forefront of enterprise automation and AI-driven decision-making capabilities. Pega Cloud on Google Cloud provides customers with a fully managed cloud service that reduces time to market, improves planning and cost efficiency, and delivers enterprise-grade security. The service includes 24/7 global and regional support, operational system monitoring, and fault-tolerant environments with multi-layer redundancy, ensuring that mission-critical applications remain available and high-performing. The company's extensive compliance certifications and adherence to international standards provide customers with confidence in their data security management. Quotes & Commentary "This expansion represents our ongoing commitment to existing clients in Saudi Arabia and our dedication to supporting new customers as they embark on their digital transformation journeys," said Karim Zein, VP & managing director, EMEA West Pega. "By making Pega Cloud available on Google Cloud in the Kingdom, we're enabling organisations to harness the power of enterprise AI and workflow automation plus meeting their data residency and compliance requirements." Supporting Resources About Pegasystems Pega is The Enterprise Transformation Company that helps organizations Build for Change® with enterprise AI decisioning and workflow automation. Many of the world's most influential businesses rely on our platform to solve their most pressing challenges, from personalizing engagement to automating service to streamlining operations. Since 1983, we've built our scalable and flexible architecture to help enterprises meet today's customer demands while continuously transforming for tomorrow. For more information on Pega, visit
Yahoo
2 days ago
- Business
- Yahoo
3 Small-Cap Stocks We Approach with Caution
Investors looking for hidden gems should keep an eye on small-cap stocks because they're frequently overlooked by Wall Street. Many opportunities exist in this part of the market, but it is also a high-risk, high-reward environment due to the lack of reliable analyst price targets. Luckily for you, our mission at StockStory is to help you make money and avoid losses by sorting the winners from the losers. Keeping that in mind, here are three small-cap stocks to avoid and some other investments you should consider instead. Pegasystems (PEGA) Market Cap: $10.06 billion Founded by Alan Trefler in 1983, Pegasystems (NASDAQ:PEGA) offers a software-as-a-service platform to automate and optimize workflows in customer service and engagement. Why Does PEGA Worry Us? Sales trends were unexciting over the last three years as its 11.1% annual growth was below the typical software company Estimated sales growth of 3.3% for the next 12 months implies demand will slow from its three-year trend Long payback periods on sales and marketing expenses limit customer growth and signal the company operates in a highly competitive environment Pegasystems's stock price of $58.50 implies a valuation ratio of 6.2x forward price-to-sales. Read our free research report to see why you should think twice about including PEGA in your portfolio, it's free. Stratasys (SSYS) Market Cap: $913.5 million Born from the Founder's idea of making a toy frog with a glue gun, Stratasys (NASDAQ:SSYS) offers 3D printers and related materials, software, and services to many industries. Why Should You Dump SSYS? Customers postponed purchases of its products and services this cycle as its revenue declined by 1.7% annually over the last five years Performance over the past five years was negatively impacted by new share issuances as its earnings per share dropped by 13.6% annually, worse than its revenue Cash burn makes us question whether it can achieve sustainable long-term growth At $11.00 per share, Stratasys trades at 34.5x forward P/E. To fully understand why you should be careful with SSYS, check out our full research report (it's free). American Outdoor Brands (AOUT) Market Cap: $123.5 million Spun off from Smith and Wesson in 2020, American Outdoor Brands (NASDAQ:AOUT) is an outdoor and recreational products company that offers outdoor and shooting sports products but does not sell firearms themselves. Why Is AOUT Risky? Sales trends were unexciting over the last five years as its 5.8% annual growth was below the typical consumer discretionary company Earnings per share have dipped by 23.9% annually over the past four years, which is concerning because stock prices follow EPS over the long term Waning returns on capital from an already weak starting point displays the inefficacy of management's past and current investment decisions American Outdoor Brands is trading at $9.49 per share, or 16.5x forward P/E. Check out our free in-depth research report to learn more about why AOUT doesn't pass our bar. Stocks We Like More Trump's April 2025 tariff bombshell triggered a massive market selloff, but stocks have since staged an impressive recovery, leaving those who panic sold on the sidelines. Take advantage of the rebound by checking out our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Pegasystems Affirms Outlook As Cloud Strategy Powers Momentum
Pegasystems Inc. (NASDAQ:PEGA) exceeded expectations in its fiscal second-quarter 2025 results, demonstrating strong momentum driven by its cloud strategy. The enterprise software company reported robust increases in both overall revenue and a significant surge in cloud revenue, along with key growth metrics like Annual Contract Value (ACV). This solid performance reinforced confidence in Pegasystems' ongoing shift to cloud-based solutions and its embrace of AI-powered these impressive results, Wall Street is taking note of Pegasystems' trajectory. Among the analysts providing updated commentary, Rosenblatt analyst Blair Abernethy maintained Pegasystems with a Buy and raised the price forecast from $59 to $61 on Wednesday. Abernethy maintained a bullish outlook on Pegasystems following its strong fiscal second-quarter 2025 results, which beat estimates and reinforced confidence in its cloud-driven growth strategy. Pegasystems reported total revenue of $384.5 million, rising 9% year-over-year and exceeding the analyst's estimate of $367.1 million and the consensus of $361.8 million. The upside was primarily fueled by a 24% year-over-year increase in cloud revenue, which reached $166.7 million and accounts for 43% of total revenue. Abernethy emphasized that Annual Contract Value (ACV), a key growth metric, rose 16% year-over-year (14% in constant currency) to $1.514 billion, surpassing the estimated $1.476 billion. Pega Cloud ACV jumped 28% year-over-year, reaching $761.1 million, indicating a continued shift from on-premise to cloud-based deployments. The analyst attributed these gains to strong customer renewals and growing traction for Pega Blueprint, which helps enterprises modernize and expand workflows using AI-powered automation. Abernethy noted that recurring maintenance revenue came in at $79.3 million, slightly ahead of the $76.5 million projection, while term license revenue, though down 6% year-over-year, beat estimates at $74.6 million. Operating margins reached 14.2%, supported by ongoing expense control and economies of scale in the cloud business. Free cash flow (FCF) hit $84.1 million, and operating cash flow reached $86.3 million in the quarter. The company reaffirmed its fiscal 2025 guidance, including 12% ACV growth, $1.7 billion total revenue (up 7% year-over-year), $440 million free cash flow, and $455 million operating cash flow. According to the analyst, the court reversal of the previous $2 billion Appian (NASDAQ:APPN) judgment has significantly reduced legal risk, and customer sentiment around the case appears to be improving. Abernethy expects Pega to generate $452.2 million in FCF in fiscal 2025, translating to a 27% FCF margin, with continued expansion into fiscal 2026-27 as the subscription model fully scales. Following second-quarter results, Abernethy slightly adjusted fiscal 2025–26 and estimates, introduced fiscal 2027 forecasts, based on a blended average of discounted cash flow (DCF) and EV/Sales valuation models. The analyst concluded that Pega remains well-positioned for long-term growth, citing strong momentum in its cloud business, improving FCF profile, expanding automation opportunities, and reduced legal overhang. Price Action: PEGA stock is trading lower by 0.90% to $57.45 at last check Thursday. Photo via Shutterstock Latest Ratings for PEGA Date Firm Action From To Mar 2022 Truist Securities Initiates Coverage On Buy Feb 2022 Macquarie Maintains Outperform Feb 2022 JMP Securities Maintains Market Outperform View More Analyst Ratings for PEGA View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? PEGASYSTEMS (PEGA): Free Stock Analysis Report This article Pegasystems Affirms Outlook As Cloud Strategy Powers Momentum originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
Pegasystems (PEGA) Stock Trades Up, Here Is Why
What Happened? Shares of enterprise workflow software provider Pegasystems (NASDAQ:PEGA) jumped 9.9% in the afternoon session after the company reported strong second-quarter financial results that surpassed analyst expectations and raising its full-year outlook. The business software company announced revenue of $384.5 million and adjusted earnings of $0.28 per share, both of which came in ahead of Wall Street forecasts. Growth was driven by a significant increase in its Pega Cloud division, as Annual Contract Value (ACV), a key subscription metric, rose 16% year-over-year to $1.51 billion. The company's focus on AI-powered workflow automation tools for large enterprises appeared to be paying off. The strong performance prompted management to lift its financial forecast for the full year, signaling confidence in sustained demand. Following the report, several Wall Street analysts reiterated their positive ratings on the stock, citing the robust cloud momentum and improved profitability outlook. Is now the time to buy Pegasystems? Access our full analysis report here, it's free. What Is The Market Telling Us Pegasystems's shares are somewhat volatile and have had 14 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 3 months ago when the stock gained 32.6% on the news that the company reported strong first-quarter 2025 results that significantly exceeded analysts' expectations on both revenue and EPS. Total revenue growth was underpinned by a 23% increase in Pega Cloud annual contract value and a 21% jump in backlog, both suggesting sustained momentum in client demand and deeper customer commitments. Zooming out, we think this was a solid quarter. Pegasystems is up 18.9% since the beginning of the year, and at $55.25 per share, it is trading close to its 52-week high of $56.15 from January 2025. Investors who bought $1,000 worth of Pegasystems's shares 5 years ago would now be looking at an investment worth $1,065. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Business Insider
6 days ago
- Business
- Business Insider
Citizens JMP Reaffirms Their Buy Rating on Pegasystems (PEGA)
In a report released yesterday, Patrick Walravens from Citizens JMP maintained a Buy rating on Pegasystems, with a price target of $78.00. The company's shares closed yesterday at $58.01. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Walravens is a 5-star analyst with an average return of 8.5% and a 51.34% success rate. Walravens covers the Technology sector, focusing on stocks such as Salesforce, NICE, and Oracle. In addition to Citizens JMP, Pegasystems also received a Buy from William Blair's Jake Roberge in a report issued yesterday. However, on the same day, Barclays maintained a Hold rating on Pegasystems (NASDAQ: PEGA). PEGA market cap is currently $8.72B and has a P/E ratio of 49.52. Based on the recent corporate insider activity of 148 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PEGA in relation to earlier this year. Last month, John Gerard Higgins, the Chief, Client &Partner Success of PEGA sold 11,830.00 shares for a total of $1,209,380.90.
