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Parametric Technology Shares Soared: What You Need to Know

By Evan Niu | More Articles
October 27, 2011 | Comments (1)

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Parametric Technology (Nasdaq: PMTC  ) are soaring higher today to the tune of 29% after the company reported strong fourth-quarter earnings.

So what: Fourth-quarter revenue added up to $341.3 million, which turned into $0.47 in earnings per share. Both figures toppled consensus estimates, which were $324.9 million in sales and $0.43 in earnings per share.

Now what: The company has now begun providing forward-looking guidance, and sees first-quarter 2012 revenue in the range of $305 million to $320 million and earnings per share of $0.28 to $0.32. For the fiscal year 2012, Parametric is forecasting roughly $1.3 billion in sales and earnings per share of $1.48 to $1.52. Following up the strong quarter, ThinkEquity has initiated coverage on the stock with a "buy" rating and a $25 price target.

Interested in more info on Parametric Technology? Add it to your watchlist by clicking here.

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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


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  • Report this Comment On October 27, 2011, at 1:48 PM, clayven wrote:

    PMTC is a great candidate for a major buy in an acqusition. No. 1 in their field. Keep your eye on this one.

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Related Tickers

5/25/2012 4:00 PM
PMTC $20.42 Up +0.15 +0.74%
Parametric Technol… CAPS Rating: **

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