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 business software developer Pegasystems
So what: First-quarter results topped analyst expectations, and shares have now nearly doubled since hitting a temporary low in the lower $20s last July. Pick your starting date with care and Pegasystems stands shoulder-to-shoulder with fellow enterprise data handler and market darling TIBCO Software
Now what: Pegasystems is betting the boat on cloud computing, very much in the image of larger rival salesforce.com
Interested in more info on Pegasystems? Add it to your watchlist.