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Aspen Technology has the Highest Forward P/E Ratio in the Application Software Industry (AZPN, CRM, VHC, QLIK, DWCH)
Apr 16, 2012 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Application Software industry with the highest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Aspen Technology ranks highest with a a forward P/E ratio of 87.69. salesforce.com is next with a a forward P/E ratio of 76.36. VirnetX Holding ranks third highest with a a forward P/E ratio of 61.88.
QLIK Technologies follows with a a forward P/E ratio of 53.00, and Datawatch rounds out the top five with a a forward P/E ratio of 51.73.
SmarTrend recommended that subscribers consider buying shares of Datawatch on January 27th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $7.85. Since that recommendation, shares of Datawatch have risen 71.4%. We continue to monitor Datawatch for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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