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Pegasystems Inc. (PEGA) Dropped To A 3-Week Low On Disappointing Forecast

Pegasystems Inc. (PEGA) reported fourth quarter non-GAAP EPS of $0.33 after the bell Thursday, up from $0.31 last year. Full year 2015 non-GAAP EPS is expected to be approximately $0.78. The consensus estimate is for EPS of $0.94.

Pegasystems gapped open sharply lower Friday and slipped further in early trade, before settling into a narrow range. The stock finished down by 3.36 at $19.79 on the highest volume of the year. Pegasystems sank to a 3-week low and fell below its 50 and 200-day moving averages.

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