Winning AZPN Stock Forecast: Solid Long-Term Success as APM Business Took off

Winning AZPN Stock Forecast

“Real-time asset connectivity and system-level views of asset performance data are critical for making informed business decisions and add further value to the asset optimization solutions we offer customers today.”— John Hague, Senior Vice President and General Manager, AspenTech APM.

Aspen Technology, Inc. (Nasdaq: AZPN) provides asset optimization solution software and services in the United States, Europe, and internationally. It operates through two segments, Subscription and Software, and Services. The solutions are designed to optimize assets across the design, operations and maintenance lifecycle for various capital-intensive industries.

(Source: Wikimedia)

Aspen Technology has seen a steady and rapid growth from the beginning of 2016. The stock price rose 212.54% up to $97.70 until July 13, 2018. The continuous long-term growth is driven by the company’s good fundamentals and operating results, with an emphasis on its substantial growth and expansion of its Asset Performance Management (APM) segment. Aspen introduced its new product suite APM that helps to address business problems including process disruptions, low asset availability and unexpected downtime in November 2016. As an extension of its original engineering (ENG) and manufacturing & supply chain (MSC) product portfolio, the new segment thrives to optimize customers’ assets throughout their entire lifecycle.

Exhibit: Solution Portfolio

(Source: Investor Presentation)

There has been significant growth in this sector since its launch. The entire APM pipelines has grown to represent 32% of their total pipeline within the last two years. As more expenditures and efforts are spent to improve APM capabilities, educate customers of the usefulness of their products and better price and package the software, great potential market and opportunities are still expected in the foreseeable future.

In addition, the successful operating results also benefit from the solid demand for the company’s all three pipelines, ENG, MSC and APM. Aspen continuously saw growing demand trend from its good performance from owner-operator customers. For engineering & construction customers, there are also signs of an improving demand environment especially in Europe and Asia.


I Know First algorithm  bullish one-year forecast for AZPN

On July 12, 2017, I Know First algorithm issued a bullish one-year forecast for AZPN to July 12, 2018.

This winning AZPN stock forecast illustrated a signal of 278.90 and a predictability of 0.74.  In accordance with this bullish forecast, AZPN stock returned 73.21% over this time horizon, highlighting the accuracy of I Know First’s prediction.

Current I Know First subscribers received this bullish AZPN forecast on July 12, 2017.

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