Aspen Technology, Inc. (AZPN)

NASDAQ: AZPN · IEX Real-Time Price · USD
221.94
+8.06 (3.77%)
At close: May 17, 2024, 4:00 PM
222.65
+0.71 (0.32%)
After-hours: May 17, 2024, 6:49 PM EDT
3.77%
Market Cap 14.04B
Revenue (ttm) 1.11B
Net Income (ttm) -27.15M
Shares Out 63.33M
EPS (ttm) -0.44
PE Ratio n/a
Forward PE 32.86
Dividend $0.53 (0.24%)
Ex-Dividend Date Feb 15, 2024
Volume 139,443
Open 217.95
Previous Close 213.88
Day's Range 217.65 - 224.06
52-Week Range 161.32 - 224.77
Beta 0.76
Analysts Buy
Price Target 219.50 (-1.1%)
Earnings Date May 7, 2024

About AZPN

Aspen Technology, Inc. provides industrial software that focuses on helping customers in asset-intensive industries worldwide. The company's solutions address complex environments where it is critical to optimize the asset design, operation, and maintenance lifecycle. Its software is used in performance engineering, modeling and design, supply chain management, predictive and prescriptive maintenance, digital grid management, and industrial data management. The company serves a range of asset-intensive industries, including oil and gas explorat... [Read more]

Sector Technology
IPO Date Oct 25, 1994
Employees 3,900
Stock Exchange NASDAQ
Ticker Symbol AZPN
Full Company Profile

Financial Performance

In 2023, AZPN's revenue was $1.04 billion, an increase of 247.32% compared to the previous year's $300.64 million. Losses were -$107.76 million, 422.9% more than in 2021.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for AZPN stock is "Buy." The 12-month stock price forecast is $219.5, which is a decrease of -1.10% from the latest price.

Price Target
$219.5
(-1.10% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Aspen Technology Announces Robert Whelan, Jr. as Newly Elected Board Chair

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that Robert Whelan, Jr. has been appointed to Chair of Aspen...

3 days ago - Business Wire

Emerson Reports Second Quarter 2024 Results; Updates 2024 Outlook

ST. LOUIS , May 8, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its second quarter ended March 31, 2024 and updated its full year outlook for fiscal 2024. Emerson also declared...

Other symbols: EMR
10 days ago - PRNewsWire

Aspen Technology Appoints David Baker as SVP, Chief Financial Officer

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that David Baker has been appointed as Senior Vice President...

10 days ago - Business Wire

Aspen Technology Announces Financial Results for the Third Quarter of Fiscal 2024

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its third quarter in fiscal 2024, ende...

10 days ago - Business Wire

AspenTech ‘Uniquely Positioned' As An Optimization Enabler For Global Industries, Says CEO

As decarbonization and energy transition efforts gather momentum across the global industrial and manufacturing complex, specialist process software firm AspenTech (NASDAQ: AZPN) is "uniquely position...

17 days ago - Forbes

Aspen Technology Appoints David Henshall to its Board of Directors

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in industrial software, today announced that David Henshall has been appointed to its Board of Directors. Mr. He...

19 days ago - Business Wire

Aspen Technology Introduces New Strategic Planning for Sustainability Pathways Solution

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today introduced AspenTech Strategic Planning for Sustainability Pathways™ – a new and un...

22 days ago - Business Wire

If Nvidia Stock Slips, These 15 Tech Stocks May Be Good Hedges

Should shares of artificial-intelligence bellwether Nvidia slip, researchers suggest First Solar and Check Point Software as offering diversification with exposure to growth.

4 weeks ago - Barrons

Industry Leader Joins Aspen Technology as Strategic Advisor for Power and Utilities

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in industrial software, today announced that Mark Browning, a longtime power and utilities industry executive, h...

4 weeks ago - Business Wire

Aspen Technology Announces Date of Third-Quarter Fiscal Year 2024 Financial Results Release, Conference Call and Webcast

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that it will release financial results for its third quarter...

4 weeks ago - Business Wire

Aspen Technology to Present at the KeyBanc Emerging Technology Summit

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced that Antonio Pietri, President and Chief Executive Officer, will present ...

2 months ago - Business Wire

Aspen Technology Helps Adani Electricity Ensure Reliable Power Supply to Three Million Customers in Mumbai

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced the implementation of its digital grid management solutions by Adani Elec...

2 months ago - Business Wire

Aspen Technology Helps Advance TenneT's Energy Transition

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in industrial software, today announced a strategic technology milestone with TenneT, a leading transmission syst...

3 months ago - Business Wire

Final Trade: AZPN, TSM, HOOD, VLO

The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.

Other symbols: TSMHOODVLO
3 months ago - CNBC Television

Emerson Reports First Quarter 2024 Results; Updates 2024 Outlook

ST. LOUIS , Feb. 7, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its first quarter ended December 31, 2023 and updated its full year outlook for fiscal 2024. Emerson also decla...

Other symbols: EMR
3 months ago - PRNewsWire

Aspen Technology Announces Financial Results for the Second Quarter of Fiscal 2024

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its second quarter in fiscal 2024, end...

3 months ago - Business Wire

Aspen Technology Announces Net-Zero Commitment

BEDFORD, Mass.--(BUSINESS WIRE)--AspenTech is committed to achieving net-zero operations by 2030.

3 months ago - Business Wire

Aspen Technology Announces OPTIMIZE 24

BEDFORD, Mass.--(BUSINESS WIRE)--OPTIMIZE 24 will focus on elevating business performance and achieving net-zero objectives through digital technology innovations.

4 months ago - Business Wire

Aspen Technology Announces Date of Second-Quarter Fiscal Year 2024 Financial Results Release, Conference Call and Webcast

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced that it will release financial results for its second quarte...

4 months ago - Business Wire

Arista Networks Appoints New CFO

SANTA CLARA, Calif.--(BUSINESS WIRE)--Arista Networks (NYSE:ANET), an industry leader in data-driven, client-to-cloud networking for large data center, campus and routing environments, today announced...

Other symbols: ANET
6 months ago - Business Wire

EY announces alliance with Aspen Technology to support clients' sustainability initiatives, improve manufacturing operations and modernize utility grids

Combined capabilities drive production performance, energy efficiency and emissions management, supporting utility grid orchestration across industries LONDON , Nov. 27, 2023 /PRNewswire/ -- The EY or...

6 months ago - PRNewsWire

Aspen Technology Introduces New Software Updates Enabling Customers to Achieve Advanced Levels of Operational Excellence

BEDFORD, Mass.--(BUSINESS WIRE)--AspenTech today introduced new performance and sustainability capabilities available in aspenONE.

6 months ago - Business Wire

Emerson Reports Fourth Quarter and Full Year 2023 Results; Provides Initial 2024 Outlook

ST. LOUIS , Nov. 7, 2023 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results for its fourth quarter and fiscal year ended September 30, 2023, which are presented on a continuing operations basi...

Other symbols: EMR
6 months ago - PRNewsWire

Aspen Technology Partners with OMV Group to Accelerate Progress Toward Net Zero Targets

BEDFORD, Mass.--(BUSINESS WIRE)--AspenTech and OMV Group's expanded relationship will drive OMV's energy transition initiatives.

6 months ago - Business Wire

Aspen Technology Announces Financial Results for the First Quarter of Fiscal 2024

BEDFORD, Mass.--(BUSINESS WIRE)--Aspen Technology, Inc. (AspenTech) (NASDAQ: AZPN), a global leader in industrial software, today announced financial results for its first quarter in fiscal 2024, ende...

6 months ago - Business Wire