PTC price target raised to $83 from $75 at RBC Capital » 09:2801/2301/23/20
RBC Capital analyst…
RBC Capital analyst Matthew Hedberg raised his price target on PTC to $83 after its Q1 earnings beat, saying the company's annual recurring revenue was ahead of expectations amid broad-based strength in both growth and core businesses. The analyst believes that the company's demand environment remains positive and also sees the FX factors shifting to a "tailwind", moving FY20 guidance slightly higher. Hedberg still keeps his Sector Perform rating on PTC, noting that the recurring revenue acceleration is balanced by potential execution challenges and reduced long-term guidance.
PTC price target raised to $85 from $77 at Wedbush » 07:3501/2301/23/20
Wedbush analyst Steve…
Wedbush analyst Steve Koenig raised his price target for PTC to $86 from $77 after the company posted a "solid" Q1/December, putting PTC on track to achieve fiscal year 2020 targets. The analyst has a Neutral rating on the shares.
PTC price target raised to $95 from $80 at Mizuho » 06:4701/2301/23/20
Mizuho analyst Matthew…
Mizuho analyst Matthew Broome raised his price target for PTC to $95 from $80 saying the company reported a "very positive" start to fiscal 2020 with upside to annual recurring revenue, revenue, and earnings. PTC is now beginning to benefit from secular growth trends, Broome tells investors in a post-earnings research note. He keeps a Buy rating on the shares.
Fly Intel: After Hours Movers » 19:0001/2201/22/20
SLM, TER, PTC, STLD, CTXS, PAYC, FUL, TXN, IMGN, XENE, AVNW
UP AFTER EARNINGS: Sallie…
UP AFTER EARNINGS: Sallie Mae (SLM) up 21.0%... Teradyne (TER) up 9.4%... PTC Inc (PTC) up 8.0%... Steel Dynamics (STLD) up 5.6%... Citrix (CTXS) up 4.7%. ALSO HIGHER: Paycom (PAYC) up 4.2% after entering S&P500 index. DOWN AFTER EARNINGS: HB Fuller (FUL) down 1.6%... Texas Instruments (TXN) down 1.3%. ALSO LOWER: Immunogen (IMGN) down 3.4% after equity offering... Xenon Pharma (XENE) down 2.9% after equity offering... Aviat Networks (AVNW) down 2.1% after cutting Q2, FY20 guidance due to cyberattack. Movers as of 18:40ET.
PTC rises 7.8% after Q1 earnings beat and raised FY20 guidance » 16:2901/2201/22/20
Shares of PTC are up 7.8%…
Shares of PTC are up 7.8% or $6.25 at $86.19 per share after its Q1 earnings beat. The company also raised its FY20 EPS view to $2.15-$2.65 from $1.95-$2.60 and raised its FY20 revenue view to $1.445B-$1.525B from $1.41B-$1.51B.
PTC sees FY20 EPS $2.15-$2.65, consensus $2.17 » 16:0501/2201/22/20
Sees FY20 revenue…
Sees FY20 revenue $1.445B-$1.525B, consensus $1.46B. Sees FY20 ARR $1.27B-$1.295B.
PTC reports Q1 adjusted EPS 57c, consensus 44c » 16:0401/2201/22/20
Reports Q1 revenue…
Reports Q1 revenue $356.1M, consensus $342.16M. Reports Q1 ARR $1.16B, up 11% from Q1 of 2019. "PTC is entering this new decade with a robust portfolio that positions us to deliver an impressive combination of growth and profitability. We see a lot of momentum in the core CAD and PLM business, while our IOT and AR businesses continue to generate very strong growth." said James Heppelmann, President and CEO.
Notable companies reporting after market close » 14:2201/2201/22/20
TXN, KMI, CTXS, TER, PTC, STLD, SLM
Notable companies reporting after the market close, with earnings consensus, include Texas Instruments (TXN), consensus $1.02... Kinder Morgan (KMI), consensus 26c... Citrix Systems (CTXS), consensus $1.68... Teradyne (TER), consensus 79c... PTC Inc. (PTC), consensus 44c... Steel Dynamics (STLD), consensus 55c... SLM Corp. (SLM), consensus 30c.
|Over a week ago|
PTC appoints Kathleen Mitford as Chief Strategy Officer » 16:4601/1601/16/20
PTC announced that…
PTC announced that Kathleen Mitford has been appointed to be the company's Chief Strategy Officer. In this role, Kathleen will oversee key functions including PTC's strategy, mergers and acquisitions, strategic alliances, corporate marketing, and academic groups. Mitford takes the helm of PTC's strategy organization after her successful tenure as executive vice president, products.
|Over a month ago|
Nasdaq to hold a conference » 04:5512/0412/04/19
CRUS, ETSY, OLED, EQIX, CDNS, PTC, WIX, QLYS, JCOM, BCOR, DOX, LRCX, CBB, MKSI, AKAM, AMBA, SRCL, NXPI
41st London Investor…
41st London Investor Conference will be held in London, England on December 3-4.