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Investing.com — Aspen Technology (NASDAQ:AZPN) soared 36% on Thursday after beating expectations.
The stock is trading close to the all-time high, which it hit in 2019. Shares are up 70% since March.
The process manufacturing software company reported earnings per share of $1.54 compared to the estimated $1.17 on sales of $199.3 million, versus the forecast of $176.6 million for the fiscal fourth quarter.
The company guided total revenue for fiscal 2021 of $704 million to $754 million, versus the $597.5 million estimate, according to Seeking Alpha. It expects non-GAAP earnings per share of between $4.78 and $5.32, versus the consensus $3.28.
Shares have six buy ratings and two holds, according to MarketWatch, with an average price target of $131.
