The stock was down almost 4% yesterday, but I remain bullish, as they have a market leadership in PH and the valuations are still reasonable (P/E 18, P/S 4.7) given their 20% growth.
Pegasystems (PEGA) ended the 4th quarter with a profit of 61 cents per share ($24 million), down from 65 cents a year earlier ($25.19 million) but 14 cents higher than the $0.47 estimate. Revenues grew 8% to $155.58, but missed expectations of $158 million. The company raised guidance for 2014, projecting revenues of $580 million and EPS of $1.56, higher than analyst estimates of $573 million and $1.48.
PEGA stock was up 6% in after-hours, I'm still holding it although I might sell the entire position if I find a better opportunity, their growth seems to be slowing down.