On a day that saw a handful of highly impressive earnings reports, tech stock Pegasystems (NASDAQ: PEGA) more than held its own. Shares blasted up by 15% on Oct. 22 as the market digested the company’s latest financials. This surpassed the most talked-about post-earnings gainer that day, Intuitive Surgical (NASDAQ: ISRG), which rose 14%.
Pegasystems' huge gain further cemented it as an artificial intelligence (AI) solution provider that investors should take notice of. Shares have now delivered a total return of approximately 89% over the past 52 weeks. However, Pega’s rally could just be getting started. Below, we’ll break down Pegasystems' latest quarter and detail why the stock likely isn’t done gaining yet.
