Pegasystems (PEGA) Tops Q4 EPS by 2c
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Wedbush Raises Price Target on Pegasystems (PEGA) as License and Cloud Revenues Drive 4Q Beat
February 29, 2016 8:28 AM ESTWedbush reiterated an Outperform rating on Pegasystems (NASDAQ: PEGA), and raised the price target to $33.00 (from $30.00), following the company's 4Q earnings report. Strong licenses and cloud revenues drove PEGA's 4Q non-GAAP revenue to $204M, above consensus of $192M. Non-GAAP EPS was $0.37, above consensus of... More
