Here's Why This Software Company's Stock Surged This Week
Aspen Technology(AZPN) The Motley Fool·2024-08-09 12:24
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) ...