PTC Announces Fiscal Second Quarter 2021 Results
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PTC Inc. (PTC) PT Raised to $160 at Stifel
April 29, 2021 6:58 AM EDTStifel analyst Adam Borg raised the price target on PTC Inc. (NASDAQ: PTC) to $160.00 (from $150.00) while maintaining a Buy rating.
The analyst commented, "PTC delivered a solid F2Q21 print, with in-line ARR and better-than-expected CFFO/FCF given healthy execution and improving... More
PTC (PTC) Tops Q2 EPS by 38c, Revenues Beat; Raises FY21 EPS/Revenue Outlook
April 28, 2021 4:37 PM EDTPTC (NASDAQ: PTC) reported Q2 EPS of $1.08, $0.38 better than the analyst estimate of $0.70. Revenue for the quarter came in at $462 million versus the consensus estimate of $416.19 million.
"Our performance in the second quarter and the first half of 2021 reflects continued strong execution across all our businesses. We delivered double-digit top line growth with expanding margins, leading to strong operating and free cash flows," said James Heppelmann, President and CEO, PTC.
"I am especially excited about our pure-SaaS CAD and PLM solutions. In its first quarter as part of PTC, Arena Solutions delivered... More
