Profile
Sector:
TechnologyIndustry:
Software ApplicationCountry:
United StatesIPO:
26 October 1994Website:
http://www.aspentech.comNext earnings report:
06 February 2025Last dividends:
16 August 2024Next dividends:
N/APrice
regular market | 1 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
AZPN Latest News
Does Aspen Technology (AZPN) have what it takes to be a top stock pick for momentum investors? Let's find out.
Proposes to Acquire Remaining Outstanding Shares of AspenTech for $240 per Share in Cash Commences Review of Strategic Alternatives for Safety & Productivity Segment Announces Increased Return of Capital to Shareholders with Plans to Repurchase Approximately $2.0 Billion of Shares in Fiscal 2025; Expecting $1.0 Billion in Fiscal Q1 ST. LOUIS , Nov. 5, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today announced three key strategic and financial actions in the final phase of its portfolio transformation to an industrial technology leader focused on automation: Emerson has made a proposal to acquire all outstanding shares of common stock of AspenTech (NASDAQ: AZPN) ("AspenTech") not already owned by Emerson for $240 per share in cash.
Aspen Technology, Inc. (NASDAQ:AZPN ) Q1 2025 Earnings Conference Call November 4, 2024 4:30 PM ET Company Participants Brian Denyeau - IR Antonio Pietri - President and CEO Dave Baker - CFO Conference Call Participants Dylan Becker - William Blair Jason Celino - KeyBanc Capital Markets Mark Schappel - Loop Capital Markets Rob Oliver - Baird Clarke Jeffries - Piper Sandler Arsenije Matovic - Wolfe Research Operator Good day and thank you for standing by. Welcome to the Q1 2025 Aspen Technology Earnings Conference Call.
Aspen Technology (AZPN) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.16 per share a year ago.
Aspen Technology (AZPN) reported earnings 30 days ago. What's next for the stock?
We have narrowed our search to five stocks that have solid momentum. These are: SPOT, AZPN, STX,CART, PARAA.
Aspen's (AZPN) Digital Grid Management software suite is witnessing healthy adoption as the world is transitioning toward more renewable energy resources.
End markets remain mixed, but Aspen Technology stands relatively well positioned. Management is cutting 5% of its workforce to improve its cost structure.
Aspen Technology (AZPN) came out with quarterly earnings of $2.37 per share, beating the Zacks Consensus Estimate of $2.08 per share. This compares to earnings of $2.13 per share a year ago.
The software industry offers a wide range of financials, with profitable companies performing well while unprofitable ones face valuation and share price declines. Opportunities for investors in the software industry include undervalued companies due to geopolitical risks, cyclicality, and unique financial profiles. Companies like Roper, Dassault Systèmes SE, Descartes, Aspen Tech, and Nemetschek offer unique opportunities for investors to accumulate shares over time for long-term growth.
What type of business is Aspen Technology?
Aspen Technology, Inc., one of the world's leading providers of software solutions for asset optimization, is working on implementing artificial intelligence in industrial production environments. The company's business is organized into two segments: Subscription and software - deals with licensing software solutions for process optimization, asset management, and related support services, and includes revenue from licenses and technical maintenance; Services and other - includes professional services and training, as well as other income. The company designs and develops software applications for four main areas of activity: engineering, manufacturing, supply chain management, and asset performance management. The company was founded in 1981, with headquarters in Bedford, Massachusetts.
What sector is Aspen Technology in?
Aspen Technology is in the Technology sector
What industry is Aspen Technology in?
Aspen Technology is in the Software Application industry
What country is Aspen Technology from?
Aspen Technology is headquartered in United States
When did Aspen Technology go public?
Aspen Technology initial public offering (IPO) was on 26 October 1994
What is Aspen Technology website?
https://www.aspentech.com
Is Aspen Technology in the S&P 500?
No, Aspen Technology is not included in the S&P 500 index
Is Aspen Technology in the NASDAQ 100?
No, Aspen Technology is not included in the NASDAQ 100 index
Is Aspen Technology in the Dow Jones?
No, Aspen Technology is not included in the Dow Jones index
When was Aspen Technology the previous earnings report?
No data
When does Aspen Technology earnings report?
The next expected earnings date for Aspen Technology is 06 February 2025