74.19 0.00 (0.00%)
After hours: 4:37PM EST
|Bid||62.00 x 900|
|Ask||77.00 x 800|
|Day's Range||72.69 - 74.56|
|52 Week Range||62.05 - 102.47|
|Beta (3Y Monthly)||1.12|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jan 21, 2020 - Jan 27, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||87.77|
PTC (PTC) today announced that Executive Vice President, Kathleen Mitford, was the recipient of the Massachusetts Technology Leadership Council’s (MassTLC) 2019 Technology Excellence Leadership Award. Mitford was lauded by MassTLC for inspiring innovation across PTC’s broad product portfolio, enhancing and driving best-in-class product development processes, and delivering exceptional business performance. “We are pleased to be presenting the Tech Excellence Award to Kathleen this year,” said Tom Hopcroft, CEO, MassTLC.
PTC (PTC) today announced that Stellar, a leader in the design, build, and maintenance of industrial refrigeration facilities, has implemented PTC ThingWorx®, Vuforia®, and Kepware® products to power its Maintenance Advisor and Predictor (MAP) solution. Stellar’s MAP solution is designed to enable its industrial refrigeration customers to achieve greater value and energy efficiency. Stellar has a 30-year record of excellence in industrial refrigeration for food processing plants and cold storage facilities.
PTC (PTC) today announced it has completed its acquisition of Onshape, developer of the Onshape® Software as a Service (SaaS) product development platform that unites robust computer aided design (CAD) software with powerful data management and collaboration tools. The acquisition positions PTC to capitalize on the inevitable industry transition to SaaS. “We expect our acquisition of Onshape will enhance the momentum we’re seeing with our Creo® and Windchill® products,” said Jim Heppelmann, president and CEO, PTC.
PTC today announced that it will host an investor meeting on Monday, November 25th, 2019 from 1:00pm to 3:00pm . Senior management will discuss PTC’s outlook as well as the announced Onshape acquisition and will include a question and answer session.
Moody's Investors Service ("Moody's") affirmed PTC Inc.'s ("PTC") Ba2 Corporate Family Rating ("CFR"), Ba2-PD Probability of Default Rating ("PDR"), and the Ba3 ratings on the company's existing $500 million unsecured notes. The outlook was revised to negative from stable following the company's announcement of the $470 million, largely debt financed acquisition of Onshape, a SaaS-based provider of computer aided design (CAD) solutions featuring integrated data management and collaboration tools. Despite the strategic benefits of this transaction which meaningfully enhance PTC's cloud product capabilities, the resulting increase in the company's LTM debt leverage (Moody's adjusted) to 6.7x from 4.0x as of September 30, 2019 negatively impacts the company's credit quality.
In an exclusive interview, Jim Heppelmann, president and CEO of PTC, confirmed to the Boston Business Journal that Cambridge-based Onshape is the “biggest acquisition ever in PTC’s history” and shared more details about the future of the company within PTC.
PTC Inc. (PTC) delivered earnings and revenue surprises of 42.22% and 0.47%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
PTC (PTC) today announced that it has signed a definitive agreement to acquire Onshape, creators of the first Software as a Service (SaaS) product development platform that unites robust computer aided design (CAD) with powerful data management and collaboration tools, for approximately $470 million, net of cash acquired. The acquisition is expected to accelerate PTC’s ability to attract new customers with a SaaS-based product offering and position the company to capitalize on the inevitable industry transition to SaaS.
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PTC (PTC) today announced the launch of Digital Transformation: The New Reality World Tour, a new event program that extends the excitement of the annual PTC LiveWorx® event. The new event program features the debut of the FT-PTC Future of Industrial Innovation Global Series, produced with FT Live, the global events arm of the Financial Times. As a component of The New Reality World Tour program, this insightful series will empower leaders of industrial companies to achieve success with their digital transformation strategies.
PTC Inc. (PTC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PTC will release its fiscal 2019 fourth quarter results on Wednesday, October 23rd after the stock market closes. Senior management will host a live webcast and conference call to review the results on Wednesday, October 23rd at 5pm Eastern Time.
Robot technology is resulting in the biggest reduction of headcount across the banking industry with about 200,000 jobs set to be replaced by new tech. Yahoo Finance's Dan Roberts, Brian Cheung, Julia La Roche, and Kristin Myers discuss.