Don't forget that almost HALF of PEGA's current share price is in cold hard cash....with zero debt. I'd like anyone here to find another stock with top line revenue growth AND a cash balance like this one.
It will pop when it executes on the forward outlook, or on any good forward looking news prior to or at Q1 earnings release.
I just got through looking at 5-6 of these for a non-bank related company. We researched and got demos of Pega, Lombardi, BEA, Savvion, Global 360 and ePower (Northrop Grumman). Pega was pretty impressive but in the end the down-select was between Lombardi and BEA Aqualogic. Truthfully, there wasn't a lot of daylight between the top 3-4.
I don't know that anyone has a clear shot at a major piece of the pie yet. There is consolidation going on and it isn't done yet. BEA bought Fuego and was then bought by Oracle. SAP is working on their BPM suite at the moment (code name Galaxy). IBM bought Filenet. Pega, as a "pure play" may in fact be at a disadvantage because players like Oracle and IBM are adding BPM to an already proven App Server/SOA/Portal stack.
pega is not doing well! about 80% of their customers are finance customers. they have no more money for investments like pega. europe is also doing bad! other bpm-players are much cheaper and are delivering the same value add. trefler should sell asap to get some money out of it. hopefully they are reporting correctly...