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Aspen Technology, Inc. (AZPN) provides software and services in the United States, Europe, and internationally.
It operates through two segments, Subscription and Software, and Services.
It supplies asset optimization solutions that optimize asset design, operations, and maintenance lifecycle in various industrial environments.
The company's software suites include aspenONE Engineering, aspenONE Manufacturing and Supply Chain, and aspenONE Asset Performance Management, which are integrated applications that allow end users to design process manufacturing environments, forecast and simulate potential actions, monitor operational performances, predict the reliability of an asset and equipment failure, and manage planning and scheduling activities, as well as collaborate across these functions and activities.
It also provides software maintenance and support, professional, and training services. The companys customers include companies that are engaged in the process and other industries, including energy, chemicals, engineering, and construction, as well as pharmaceuticals, transportation, power, metals and mining, pulp and paper, and consumer packaged goods.
Shares are heading higher in an upward trading channel. The lower boudary of the said channel coincides with the stock's 50-day moving average. Higher share prices are expected for this stock.
52-Weeks Trading Range: $52.23 - $69.38
Entry Point: $66.30
Stop Loss: $63.00
Target Price: $72.93
AZPN closed at $72.70
