You had 2 downgrades today based on TCLV. I've been buying this stock below 35 and will continue to do so.
You have the price of oil down about 20% and this stock is falling. It goes to show you how CLUELESS analysts are. The drop is positive for both the chemical and refining industries. It means lower feedstock costs. We are entering the greatest boom in revamp and new plant construction since the 1970s. That' nothing but a positive for AZPN. The only reason the Analysts are concerned is that AZPN made TCLV an issue when there financials weren't as good as they exited the pink sheets.
Maybe but I doubt it: A big portion of AZPN's revenue is recognized on a subscription basis, which tends to flatten revenue recognition, pushing it out from where it would otherwise be. But this isn't new, and algorithms would just cross-check this against the cash flow to make sure nothing was amiss. And AZPN's Q4 (June) cash flow was bodacious.
And the stock has basically been flat for the last three months, so the price action into the print wasn't exactly discounting some huge beat-and-raise that never came; the price action was basically "meh." And they beat-and-raised anyway.
My $0.02 is that institutions with big equity AND option positions are moving the stock lower to put option positions into the money, which they will then close and lay on new, bullish option positions at the lower price.
Between you and I all financials were positive with positive outlook for 2015, I don't understand the reasoning behind this, let's hope it is temporary. They even raised a price target of $55 per share.