Pegasystems Analysts Cut Their Forecasts After Downbeat Q2 Earnings
Pegasystems Inc (PEGA) reported worse-than-expected Q2 financial results, resulting in a 1.3% drop in pre-market trading. Analysts have downgraded the stock and lowered price targets.
Pegasystems didn't make as much money as people thought it would in the last three months, so experts who watch the company think it might do worse ahead. When a company misses what people expect, it's a signal to pay closer attention to whether things are getting better or staying tough.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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