New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic Search
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicSearchLog In
Baron Funds Comments on Pegasystems Inc.
Posted by: guruhl (IP Logged)
Date: December 14, 2012 11:56AM

Pegasystems, Inc. (PEGA) is the developer of a software tool used to automate manual business processes. Shares fell 11.9% in the third quarter due to concerns over global economic conditions and the impact on software sales. Despite near-term potential headwinds, we estimate that Pegasystems' software bookings are trending ahead of industry growth.We expect Pegasystems to grow significantly faster than the overall business process management market due to its superior product, growing sales force, expanding product set, enhanced partnerships, and a positive network effect. (Neal Rosenberg)

From Baron Funds’ third quarter 2012 letter.




Guru Discussed: Ron Baron: Current Portfolio, Stock Picks
Stocks Discussed: PEGA,
Rate this post:

Rating: 2.3/5 (3 votes)





Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide