user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 439582 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Parametric Technology Earnings Hindsight: Up 2.1% in Last 17 Days (PMTC)

Published on Sat, 02/09/2013 - 09:13
By Robert Cotter

When Parametric Technology (NASDAQ:PMTC) reported earnings two weeks ago on January 23rd, 2013, analysts, on average, expected the company to report earnings of $0.33 on sales of $320.1 million. Parametric Technology actually reported earnings of $0.36 per share on sales of $319.8 million, beating EPS estimates by $0.03 and matching revenue estimates. Since the company's report, shares of Parametric Technology have risen from $23.28 to $23.77, representing a gain of 2.1% in the past 17 days.

There is potential upside of 13.1% for shares of Parametric Technology based on a current price of $23.77 and an average consensus analyst price target of $26.89. The stock should discover initial support at its 50-day moving average (MA) of $22.57 and subsequent support at its 200-day MA of $21.31.

Parametric Technology share prices have moved between a 52-week high of $28.95 and a 52-week low of $17.62 and closed Thursday at 35% above that low price at $23.77 per share. The 200-day and 50-day moving averages have moved 0.34% higher and 1.76% higher over the past week, respectively.

Parametric Technology Corporation develops, markets, and supports integrated product development and processes lifecycle management solutions. The Company's software solutions are used worldwide.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

Walter Energy (NYSE:WLT) traded at a new 52-week low today of $3.91. This new low was ...

Vivus: New 52-Week Low Set Today (VVUS)...

Vivus (NASDAQ:VVUS) traded at a new 52-week low today of $3.90. So far today approxima ...

Shares of Volcano Have Fallen Below Prev...

Volcano (NASDAQ:VOLC) traded today at a new 52-week low of $11.51. So far today approx ...

Shares of Meridian Bioscience Fall to a ...

Meridian Bioscience (NASDAQ:VIVO) traded at a new 52-week low today of $18.42. Approxi ...

Shares of Vimicro International Rise Abo...

Shares of Vimicro International (NASDAQ:VIMC) traded at a new 52-week high today of $6. ...

VF Corp Looks to Continue to Trade Above...

VF Corp (NYSE:VFC) traded at a new 52-week high today of $66.24. Approximately 1.1 mil ...

United Therapeutics Looks to Continue to...

United Therapeutics (NASDAQ:UTHR) traded at a new 52-week high today of $126.97. So fa ...

Recent 52-Week High Exceeded in Shares o...

Net 1 UEPS Technologies (NASDAQ:UEPS) traded at a new 52-week high today of $14.18. So ...