Here's Why This Software Company's Stock Surged This Week

After lowering guidance on its last earnings call, Aspen Technology gave good guidance for the new financial year ahead.Shares of industrial software company Aspen Technology (AZPN 0.99%) rose by 14.9% in the week through Friday morning, according to data compiled by S&P Global Market Intelligence. The move comes after a reassuring fourth-quarter 2024 earnings report earlier in the week.Aspen Technology steadies the shipAfter disappointing investors by lowering its full-year 2024 annual contract value (ACV) ...