Aspen Technology (AZPN) Stock

Is Aspen Technology (AZPN) a strong choice for momentum investors? Let's take a closer look.

Emerson has proposed to buy the remaining shares of AspenTech for $240 each in cash. The company is also reviewing strategic options for its Safety & Productivity segment and plans to return more capital to shareholders by repurchasing around $2 billion in shares during fiscal 2025, with $1 billion expected in the first quarter. These actions are part of Emerson's efforts to transform into a leading industrial technology company focused on automation.

Aspen Technology, Inc. (NASDAQ:AZPN) will hold its Q1 2025 Earnings Conference Call on November 4, 2024, at 4:30 PM ET. The call will feature company representatives including Brian Denyeau, Antonio Pietri, and Dave Baker, along with participants from various financial institutions. The operator will begin the call by welcoming everyone and introducing the session.

Aspen Technology (AZPN) reported quarterly earnings of $0.85 per share, which is lower than the Zacks Consensus Estimate of $1.51 per share. This is a decrease compared to earnings of $1.16 per share from the same period last year.

Aspen Technology (AZPN) shared its earnings report 30 days ago. What can we expect for the stock moving forward?

We have focused our search on five stocks that show strong momentum. They are SPOT, AZPN, STX, CART, and PARAA.

Aspen's Digital Grid Management software suite is seeing strong use as the world shifts towards renewable energy sources.

The end markets are varied, but Aspen Technology is in a good position overall. The management has decided to reduce its workforce by 5% to enhance its cost efficiency.

Aspen Technology (AZPN) reported quarterly earnings of $2.37 per share, which is higher than the Zacks Consensus Estimate of $2.08 per share. This is an increase compared to earnings of $2.13 per share from the same period last year.