Aspen Tech raises FY15 adjusted EPS guidance to $1.18-$1.24 from $1.12-$1.19 Consensus $1.15. The company sees FY15 revenue $430M-$440M, consensus $439.14M. The company expects subscription and software revenue to represent at least 90% of revenue in FY15. Comments were made on earnings conference call.
Aspen Technology downgraded to Underweight from Neutral at JPMorgan JPMorgan downgraded Aspen Technology to Underweight saying it believes demand is being negatively impacted with oil prices below $50. The firm cut its price target for shares to $36 from $46.50.