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WALTHAM, Mass.--(BUSINESS WIRE)---- $PEGA #AI--Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work, today announced Forrester Research named Pega a Leader in The Forrester Wave™: AppGen and Low-Code Platforms, Q4 2026 (1). Pega received the highest scores possible in eight of the 21 total evaluation criteria. The report explains, “Pegasystems' vision is built on the belief that enterprises need governed agentic systems, not standalone AI agents. Its above-par roadmap.

Pegasystems Inc. ( PEGA ) Q3 2026 Earnings Call October 21, 2026 8:00 AM EDT Company Participants Peter Welburn - Vice President of Investor Relations Alan Trefler - Founder, CEO & Chairman of the Board Kenneth Stillwell - COO & CFO Conference Call Participants Raimo Lenschow - Barclays Bank PLC, Research Division Steven Enders - Citigroup Inc., Research Division Devin Au - KeyBanc Capital Markets Inc., Research Division Patrick Walravens - Citizens JMP Securities, LLC, Research Division Blair Abernethy - Rosenblatt Securities Inc., Research Division Patrick McIlwee - William Blair & Company L.L.C., Research Division Lucky Schreiner - D.A.

Amid the "SaaS Apocalypse," These 3 Names Are Boosting BuybacksPegasystems NASDAQ: PEGA said third-quarter annual contract value growth improved from earlier in the year but remained below the company’s view of its market opportunity, prompting changes to its go-to-market structure, marketing organization and customer deployment efforts.

Annual contract value, or ACV, rose 7% year over year in constant currency to $1.66 billion. The company added $32 million in net new ACV during the third quarter, its strongest quarterly result of 2026, according to Chief Operating Officer and Chief Financial Officer Ken Stillwell. Through the first nine months of the year, Pegasystems added $52 million in net new ACV.

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3 AI and Cloud Stocks With Analyst Conviction and Long Runways“While our annual contract value growth through the first three quarters of 2026 did not reflect the opportunity we see in the market, we are encouraged by the engagement we are seeing with our clients and prospects,” Stillwell said.

Pega Cloud ACV increased 20% year over year and accounted for 59% of total ACV. Cloud backlog rose 25% in constant currency from a year earlier, while total backlog exceeded $2 billion, including approximately $1 billion of current backlog. Stillwell said Pega Cloud backlog generally converts into revenue over the following two to three quarters.

AI Strategy Centers on Governed Workflows Time to Take Notice: PEGA’s GenAI Blueprint Delivers Huge Q3 BeatFounder and CEO Alan Trefler said enterprise customers are seeking practical AI applications with governance, predictable costs and measurable operating value rather than simply pursuing the newest available models. He described the current AI market as highly confusing and said customers increasingly want AI connected to business processes.

Trefler emphasized Pega’s Blueprint and Infinity offerings, which the company positions as tools for designing, deploying and managing workflows and decisions supported by AI. Pega’s approach uses workflows to define what AI agents can access and do, rather than allowing agents to independently reason through each step of a repeatable process.

“The market is full of ingredients, and enterprises need a recipe,” Trefler said. “That is what Pega delivers.”

The company said Blueprint combines models such as Claude, GPT and Gemini with Pega’s workflow and industry expertise to help customers establish processes, rules and policies before applications enter production. Trefler said Pega can offer fixed case pricing without token charges because its approach invokes AI agents for discrete tasks rather than relying on continuous reasoning sessions.

Trefler cited customer examples including a major U.S. bank that reduced complaint resolution times from 10 days to 10 minutes using governed workflows and specialized AI agents. He also said a government agency is using Pega workflow technology to turn unstructured information into structured work and route exceptions requiring human judgment.

Company Announces Organizational Changes Management said slower growth reflected execution issues, longer sales cycles and customer deployment challenges rather than broad-based deterioration in demand. Enterprise customers, particularly in financial services, are applying greater scrutiny to large technology investments, with more stakeholders involved in validating business cases, AI strategies and implementation timing.

Stillwell said win rates have remained generally consistent and competitive dynamics have not changed materially. The issue, he said, is the length of time required for customers to reach decisions.

Pegasystems is implementing four principal operational changes:

Shifting to a regional go-to-market model that gives in-region leaders more commercial authority and closer relationships with customers. Combining marketing-related teams under a single leader to present a more unified market message. Creating an organization focused on AI adoption, including forward-deployed “Lighthouse” engineers who will work directly with customers on deployments. Centralizing go-to-market and consulting operations under the finance organization to simplify planning, resource allocation and performance management. Stillwell said some changes have already been completed, with others expected over the coming weeks and into the first quarter of 2027. He said management hopes the actions will begin producing improvements in the early to middle part of 2027. The company expects headcount to be about 5,000 employees during the first quarter of 2027, down by a few hundred from current levels, as it streamlines the organization.

Management also said it is trying to accelerate customer adoption of newer technology releases. Trefler said some customers historically preferred to operate on versions that were one or two releases behind, but said that approach is no longer appropriate in the current AI environment. Stillwell said more than twice as many customers had moved to Infinity ’26 at this point in its release cycle than had moved to Infinity ’25 at the comparable point.

Outlook and Cash Flow Targets Pegasystems does not typically update annual guidance during the year, but Stillwell offered additional color on expectations for the remainder of 2026. He said the company expects ACV growth to accelerate in the fourth quarter but does not expect to meet its full second-half plan. For the full year, he said ACV growth is expected to be above the current level but below 10%.

The company entered the fourth quarter with what Stillwell described as its strongest fourth-quarter pipeline, though he cautioned that the market remains less predictable than in prior periods. Management said its pipeline has become more mature entering the quarter, while new-logo activity has expanded despite a shorter history of close rates and sales progression with those prospects.

Free cash flow totaled $290 million in the first nine months of 2026. Stillwell said cash flow was affected by lower-than-planned ACV growth and unusual cash expenditures, including legal settlements and expected restructuring costs. He said the company expects adjusted free cash flow to exceed $600 million in 2027 and maintained its target of $700 million or more in free cash flow in 2028.

During the first nine months of 2026, Pegasystems repurchased nearly 11 million shares for roughly $430 million under prior board authorizations. Total common shares declined by 6.8 million during the period. The company ended the third quarter with approximately $300 million in cash and marketable securities and no debt.

Trefler said the company remains confident in its technology strategy but acknowledged that commercial execution must improve. “We have the right technology, but in a market this noisy and fast, we need to do a better job at directly helping our clients find clarity and keep up,” he said.

About Pegasystems (NASDAQ:PEGA)Pegasystems Inc is a software company that develops enterprise applications for customer engagement, workflow automation and business process management. Its technology helps organizations manage customer interactions, automate repetitive work, coordinate complex processes and make data-driven decisions across departments and channels.

The company's portfolio includes Pega Platform, a low-code application development and workflow platform, along with solutions for customer service, sales automation, marketing, decisioning and artificial intelligence.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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For the quarter ended September 2026, Pegasystems (PEGA - Free Report) reported revenue of $393.36 million, up 3.2% over the same period last year. EPS came in at $0.35, compared to $0.30 in the year-ago quarter.

The reported revenue represents a surprise of -8.31% over the Zacks Consensus Estimate of $429.02 million. With the consensus EPS estimate being $0.45, the EPS surprise was -22.22%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Pegasystems performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Annual contract value (ACV) - Pega Cloud: $975.99 million compared to the $998.15 million average estimate based on two analysts.Annual contract value (ACV): $1.65 billion compared to the $1.7 billion average estimate based on two analysts.Annual contract value (ACV) - Subscription license: $416 million versus $427.4 million estimated by two analysts on average.Annual contract value (ACV) - Maintenance: $261.32 million versus the two-analyst average estimate of $278.15 million.Revenue- Subscription services: $291.58 million versus $303.92 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change.Revenue- Subscription license: $55.58 million compared to the $68.7 million average estimate based on three analysts. The reported number represents a change of -8.3% year over year.Revenue- Consulting: $46.2 million compared to the $53.3 million average estimate based on three analysts. The reported number represents a change of -18.1% year over year.Revenue- Pega Cloud: $218.93 million compared to the $232.96 million average estimate based on three analysts. The reported number represents a change of +18.6% year over year.Revenue- Maintenance: $72.65 million versus the three-analyst average estimate of $70.96 million. The reported number represents a year-over-year change of -8.8%.Revenue- Subscription: $347.16 million versus $372.62 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.Gross Profit- Consulting: $-2.89 million versus $-2.53 million estimated by two analysts on average.Gross Profit- Subscription: $292.4 million compared to the $317.95 million average estimate based on two analysts.View all Key Company Metrics for Pegasystems here>>>

Shares of Pegasystems have returned +0.2% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Wall Street analysts expect Pegasystems (PEGA - Free Report) to post quarterly earnings of $0.45 per share in its upcoming report, which indicates a year-over-year increase of 50%. Revenues are expected to be $429.69 million, up 12.7% from the year-ago quarter.

The consensus EPS estimate for the quarter has undergone an upward revision of 4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

Bearing this in mind, let's now explore the average estimates of specific Pegasystems metrics that are commonly monitored and projected by Wall Street analysts.

The collective assessment of analysts points to an estimated 'Revenue- Subscription services' of $307.88 million. The estimate suggests a change of +16.5% year over year.

Based on the collective assessment of analysts, 'Revenue- Subscription license' should arrive at $63.86 million. The estimate indicates a change of +5.4% from the prior-year quarter.

Analysts predict that the 'Revenue- Consulting' will reach $53.66 million. The estimate suggests a change of -4.9% year over year.

The consensus estimate for 'Revenue- Pega Cloud' stands at $233.45 million. The estimate suggests a change of +26.5% year over year.

It is projected by analysts that the 'Revenue- Maintenance' will reach $74.44 million. The estimate indicates a change of -6.6% from the prior-year quarter.

Analysts' assessment points toward 'Revenue- Subscription' reaching $371.74 million. The estimate suggests a change of +14.5% year over year.

View all Key Company Metrics for Pegasystems here>>>

Over the past month, Pegasystems shares have recorded returns of -8.2% versus the Zacks S&P 500 composite's +1.4% change. Based on its Zacks Rank #3 (Hold), PEGA will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work, today announced it has appointed Sean Croston as chief information security officer. Mr. Croston will be responsible for comprehensive information security standards and policies. Mr. Croston joins Pega with more than 30 years of experience in cybersecurity, information security, risk management, fraud prevention, and financial services technology. He will oversee Pega.

WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work, today announced it will report financial results for the third quarter of 2026 on Tuesday, October 20, 2026, after market close. A conference call and audio-only webcast will be conducted at 8:00 a.m. EDT on Wednesday, October 21, 2026. Members of the public and investors are invited to join the call and participate in the question and answer session by dialing 1 (833).

Pegasystems (NASDAQ:PEGA – Get Free Report) was downgraded by stock analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, MarketBeat reports. They presently have a $32.00 price objective on the technology company’s stock. DA Davidson’s target price points to a potential downside of 3.21% from the stock’s previous close.

Several other brokerages also recently commented on PEGA. Royal Bank Of Canada set a $35.00 price objective on shares of Pegasystems and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Barclays reissued an “overweight” rating and set a $39.00 price objective (down from $48.00) on shares of Pegasystems in a research report on Thursday, July 23rd. Citigroup downgraded shares of Pegasystems from a “market outperform” rating to a “market perform” rating in a research report on Wednesday, July 22nd. KeyCorp downgraded shares of Pegasystems from an “overweight” rating to a “sector weight” rating in a report on Wednesday, July 22nd. Finally, Rosenblatt Securities dropped their price target on shares of Pegasystems from $58.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, July 23rd. Four analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $47.40.

Check Out Our Latest Stock Report on PEGA

Pegasystems Stock Down 2.0% Shares of NASDAQ:PEGA traded down $0.68 during midday trading on Monday, reaching $33.06. The company’s stock had a trading volume of 722,973 shares, compared to its average volume of 2,365,594. The firm has a 50 day moving average of $33.53 and a 200-day moving average of $35.36. The firm has a market capitalization of $5.44 billion, a P/E ratio of 18.68 and a beta of 0.89. Pegasystems has a 12-month low of $25.10 and a 12-month high of $68.10. Pegasystems (NASDAQ:PEGA – Get Free Report) last released its earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The business had revenue of $420.72 million during the quarter, compared to analysts’ expectations of $427.38 million. During the same period in the prior year, the company earned $0.28 earnings per share. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts predict that Pegasystems will post 1.69 EPS for the current year.

Insider Buying and Selling at Pegasystems In other news, CAO Efstathios Kouninis sold 1,063 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $38.75, for a total value of $41,191.25. Following the transaction, the chief accounting officer owned 1,164 shares in the company, valued at $45,105. This represents a 47.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kenneth Stillwell sold 39,627 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $35.77, for a total transaction of $1,417,457.79. Following the completion of the transaction, the chief financial officer owned 95,225 shares in the company, valued at $3,406,198.25. This trade represents a 29.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 52,672 shares of company stock worth $1,887,507 over the last quarter. Company insiders own 48.40% of the company’s stock.

Institutional Investors Weigh In On Pegasystems Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signature Equity Partners LLC raised its stake in Pegasystems by 302.2% during the 1st quarter. Signature Equity Partners LLC now owns 929 shares of the technology company’s stock worth $40,000 after acquiring an additional 698 shares during the period. Global Retirement Partners LLC purchased a new stake in Pegasystems during the 2nd quarter valued at approximately $41,000. Allworth Financial LP purchased a new stake in Pegasystems during the 2nd quarter valued at approximately $42,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Pegasystems during the 2nd quarter valued at approximately $62,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Pegasystems during the second quarter worth $63,000. Institutional investors own 46.89% of the company’s stock.

About Pegasystems (Get Free Report)

Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.

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Stock to Watch: Pegasystems (PEGA - Free Report) Pegasystems is an enterprise software provider that helps global organizations transform their businesses through AI-powered decision-making and workflow automation. Its platform combines case management, workflow automation and AI decisioning for mission-critical operations.

PEGA is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.

Momentum investors should take note of this Computer and Technology stock. PEGA has a Momentum Style Score of A, and shares are up 4% over the past four weeks.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.03 to $2.35 per share. PEGA also boasts an average earnings surprise of +3.5%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, PEGA should be on investors' short list.

Investors in Pegasystems Inc. (PEGA - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Dec. 12, 2026 $60 Put had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Pegasystems shares, but what is the fundamental picture for the company? Currently, Pegasystems is a Zacks Rank #4 (Sell) in the Computer – Software industry that ranks in the Bottom 35% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimates for the current quarter, while none dropped the estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 44 cents per share to 45 cents in that period.

Given the way analysts feel about Pegasystems right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Hsbc Holdings PLC boosted its stake in Pegasystems Inc. (NASDAQ:PEGA – Free Report) by 280.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,030 shares of the technology company’s stock after purchasing an additional 36,155 shares during the quarter. Hsbc Holdings PLC’s holdings in Pegasystems were worth $1,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new position in Pegasystems during the fourth quarter valued at approximately $28,000. EFG International AG bought a new position in shares of Pegasystems in the 4th quarter valued at $32,000. Signature Equity Partners LLC raised its holdings in shares of Pegasystems by 302.2% during the 1st quarter. Signature Equity Partners LLC now owns 929 shares of the technology company’s stock worth $40,000 after buying an additional 698 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Pegasystems during the 2nd quarter worth $41,000. Finally, Allworth Financial LP bought a new stake in shares of Pegasystems during the 2nd quarter worth $42,000. Institutional investors own 46.89% of the company’s stock.

Insider Activity at Pegasystems In other Pegasystems news, insider Kerim Akgonul sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $33.99, for a total transaction of $101,970.00. Following the completion of the sale, the insider owned 108,049 shares in the company, valued at approximately $3,672,585.51. The trade was a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Efstathios A. Kouninis sold 1,063 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $38.75, for a total transaction of $41,191.25. Following the transaction, the chief accounting officer owned 1,164 shares in the company, valued at approximately $45,105. The trade was a 47.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,813 shares of company stock valued at $167,394. Corporate insiders own 48.40% of the company’s stock.

Wall Street Analysts Forecast Growth PEGA has been the topic of several research analyst reports. KeyCorp lowered Pegasystems from an “overweight” rating to a “sector weight” rating in a research note on Wednesday, July 22nd. DA Davidson set a $32.00 target price on shares of Pegasystems and gave the stock a “buy” rating in a report on Friday, July 24th. Royal Bank Of Canada set a $35.00 price target on shares of Pegasystems and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Citigroup lowered shares of Pegasystems from a “market outperform” rating to a “market perform” rating in a report on Wednesday, July 22nd. Finally, Loop Capital cut shares of Pegasystems from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $55.00 to $25.00 in a research report on Thursday, July 23rd. Six equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.10. Read Our Latest Research Report on PEGA

Pegasystems Trading Up 1.5% NASDAQ:PEGA opened at $36.24 on Friday. The stock has a market cap of $5.96 billion, a P/E ratio of 20.47 and a beta of 0.89. The stock’s 50-day moving average is $32.73 and its 200-day moving average is $36.08. Pegasystems Inc. has a 1-year low of $25.10 and a 1-year high of $68.10.

Pegasystems (NASDAQ:PEGA – Get Free Report) last announced its earnings results on Tuesday, July 21st. The technology company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). Pegasystems had a return on equity of 32.21% and a net margin of 18.66%.The company had revenue of $420.72 million for the quarter, compared to the consensus estimate of $427.38 million. During the same period in the prior year, the business earned $0.28 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Pegasystems Inc. will post 1.66 EPS for the current year.

Pegasystems Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend was Wednesday, July 1st. Pegasystems’s dividend payout ratio (DPR) is 6.78%.

Pegasystems Profile (Free Report)

Pegasystems Inc develops enterprise software for customer engagement, workflow automation and business process management. Its solutions help organizations manage customer service, sales, marketing, operations and back-office processes across digital and traditional channels.

The company’s product portfolio includes Pega Platform, a low-code application development and automation platform; Pega Customer Service and Pega Sales; Pega Customer Decision Hub for real-time, personalized customer engagement; and tools for case management, robotic process automation and artificial intelligence.

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Keel Infrastructure (NASDAQ:KEEL – Get Free Report) and Pegasystems (NASDAQ:PEGA – Get Free Report) are both mid-cap technology companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, analyst recommendations, dividends, valuation, risk, profitability and institutional ownership.

Analyst Ratings This is a breakdown of recent ratings and recommmendations for Keel Infrastructure and Pegasystems, as provided by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Keel Infrastructure 1 0 7 0 2.75 Pegasystems 1 6 6 0 2.38 Keel Infrastructure currently has a consensus price target of $6.25, indicating a potential upside of 67.56%. Pegasystems has a consensus price target of $50.10, indicating a potential upside of 39.94%. Given Keel Infrastructure’s stronger consensus rating and higher possible upside, equities analysts plainly believe Keel Infrastructure is more favorable than Pegasystems.

Risk and Volatility Keel Infrastructure has a beta of 4.06, suggesting that its share price is 306% more volatile than the S&P 500. Comparatively, Pegasystems has a beta of 0.89, suggesting that its share price is 11% less volatile than the S&P 500. Valuation and Earnings This table compares Keel Infrastructure and Pegasystems”s revenue, earnings per share and valuation.

Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Keel Infrastructure $229.28 million 10.05 -$284.54 million ($0.30) -12.43 Pegasystems $1.75 billion 3.37 $393.44 million $1.77 20.23 Pegasystems has higher revenue and earnings than Keel Infrastructure. Keel Infrastructure is trading at a lower price-to-earnings ratio than Pegasystems, indicating that it is currently the more affordable of the two stocks.

Profitability This table compares Keel Infrastructure and Pegasystems’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets Keel Infrastructure -230.59% -66.18% -27.74% Pegasystems 18.66% 32.21% 14.57% Institutional and Insider Ownership 20.6% of Keel Infrastructure shares are held by institutional investors. Comparatively, 46.9% of Pegasystems shares are held by institutional investors. 9.5% of Keel Infrastructure shares are held by company insiders. Comparatively, 48.4% of Pegasystems shares are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Summary Pegasystems beats Keel Infrastructure on 9 of the 14 factors compared between the two stocks.

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About Pegasystems (Get Free Report)

Pegasystems Inc. develops, markets, licenses, hosts, and supports enterprise software in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific. The company provides Pega Infinity, a software portfolio comprising of Pega Customer Decision Hub, a real-time AI-powered decision engine to enhance customer acquisition and experiences across inbound, outbound, and paid media channels; Pega Customer Service to anticipate customer needs, connect customers to people and systems, and automate customer interactions to evolve the customer service experience, as well as to allow enterprises to deliver interactions across channels and enhance employee productivity; and Pega Platform, an intelligent automation software for increasing efficiency of clients’ processes and workflows. It also offers Situational Layer Cake that organizes logic into layers that map to the unique dimensions of a client’s business, such as customer types, lines of business, geographies, etc.; Pega Express Methodology and low code that connects enterprise data and systems to customer experience channels; Pega Cloud that allows clients to develop, test, and deploy applications; Pega Catalyst, which helps clients to transform and prototype their customer journeys; Pega Academy, which offers instructor-led and online training to its employees, clients, and partners; and global service assurance and client support services. It primarily markets its software and services to financial services, healthcare, communications and media, government, insurance, manufacturing and high tech, and consumer services markets through a direct sales force, as well as partnerships with technology providers and application developers. Pegasystems Inc. was incorporated in 1983 and is headquartered in Cambridge, Massachusetts.

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, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pegasystems Inc. ("Pegasystems" or the "Company") (NASDAQ: PEGA).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Pegasystems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On July 21, 2026, Pegasystems reported its financial results for the second quarter of 2026.  Among other items, Pegasystems reported earnings per share and total revenue that significantly missed consensus expectations, as well as a decline in year-over-year total Annual Contract Value growth relative to the previous quarter.  Pegasystem's management acknowledged that rapid shifts in the broader AI market had caused enterprise clients to elongate decision cycles and delay software purchases, a headwind expected to weigh on growth through the rest of 2026. 

On this news, Pegasystem's stock price fell $4.95 per share, or 16%, to close at $25.99 per share on July 22, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work, today announced that Ken Stillwell, COO and CFO, will be presenting at the following upcoming investor conference: Citi 2026 Global TMT Conference (https://kvgo.com/2026-global-tmt-conference/pegasystems-sep-2026). Ken Stillwell will host an in-person Pega presentation, scheduled for Tuesday, September 8, 2026, at 1:55 p.m. EDT (10:55 a.m. PDT) in New York, NY. An arch.

Salesforce's blowout quarter sent shockwaves through software stocks that never reported a single number this week, and the names catching the biggest bids are some of the most beaten-down agentic-AI plays in the market.

Software’s post-earnings bid is broadening past the names that actually reported. UiPath (NYSE:PATH | PATH Price Prediction) stock is up 9% to $18.20 in Thursday morning trading, and Pegasystems (NASDAQ:PEGA) stock is up 4% to $35.29. Neither company reported this week, which makes the size of both moves the interesting part.

There’s no verified company-specific catalyst behind UiPath stock today. UiPath did issue a Thursday morning press release announcing that CEO Daniel Dines has published a book on orchestrating AI agents, automation, and people inside the enterprise, but a book announcement carries too little weight to explain a move of this size. The mechanism that does hold up is sector momentum from Wednesday’s software earnings, plus an oversold-name bounce in the beaten-down agentic-AI cohort.

The broader software complex is riding the same wave. The iShares Expanded Tech-Software Sector ETF (CBOE:IGV) is up 3% to $105.19, while the Invesco QQQ Trust (NASDAQ:QQQ) is up 1% to $718.40, a much tamer move that pins this rally to software rather than large-cap tech in general.

Salesforce’s Beat Sparked the Software Rally Salesforce (NYSE:CRM) reported fiscal Q2 2027 after Wednesday’s close, beat on revenue, raised its full-year guide, and announced an expanded partnership with Anthropic tied to a new product the two are calling ClaudeForce. Salesforce stock is up 10% to $226.80 on the results, and that report is the origin of Thursday’s software bid.

The read-through matters for automation and agentic-AI vendors because Salesforce management framed enterprise AI as an orchestration problem sitting on top of trusted data, workflows, business rules, and governance. That’s essentially the pitch UiPath and Pegasystems have been making to their own customers, which is why the bid is spilling into non-reporters that fit the same theme. When the largest enterprise software vendor validates that framing on an earnings call and raises guidance behind it, the market tends to reward every name that maps to the same idea.

Why Non-Reporters Are Catching a Bid The common thread across today’s software winners is that they are beaten-down agentic-AI names catching a lift on someone else’s results. Also, C3.ai (NYSE:AI) stock is up 5% to $10.23, another oversold enterprise-AI name that did not report and had no fresh company-specific news of its own on the wires this morning.

Underlying setups vary materially by name. UiPath stock was up 44% over the past month through Wednesday’s close, so Thursday’s session is compounding an existing recovery in a name that had already gone from left-for-dead to one of the sharper software rebounds of the summer. Pegasystems stock was down 43% year to date through Wednesday’s close, so today’s bid there looks more like an oversold reaction to a friendlier sector narrative than a fundamental re-rating driven by anything the company itself said or did.

A one-year picture reinforces the divergence. UiPath stock was up 55% over the trailing year through Wednesday’s close, while Pegasystems stock was down 35% over the same window. Both are up meaningfully Thursday for reasons that live outside their own fundamentals, which is what makes today a sector re-rating rather than a stock-picker’s session.

Positioning ahead of UiPath’s September earnings report is a plausible contributing factor rather than a confirmed cause. Dines has been telegraphing UiPath’s positioning in agentic AI for months, writing in his new book that the real project “is producing a governed description of how the business actually works — the map — and the machinery that executes stable parts exactly — the rails.” That framing dovetails cleanly with what Salesforce told the market on Wednesday.

What to Watch Investors can watch for whether today’s gains hold into Thursday’s close and whether sell-side desks publish read-through notes lifting price targets on UiPath and Pegasystems on the back of the Salesforce results. A follow-through session in the IGV ETF would confirm this is a genuine sector re-rating rather than a one-day chase.

UiPath is scheduled to report fiscal Q2 2027 results after the close on September 3, which is where the first fundamental confirmation of today’s move will arrive. Pegasystems reports in late October, giving that name a longer runway before its own catalyst arrives. C3.ai reports on September 2, and its response will be the cleanest early test of whether this rally survives a real earnings check.

A cautious position size may be warranted given that Thursday’s move rests on someone else’s numbers. Rallies built on read-through can unwind on read-through when the next earnings check arrives, and investors sizing their exposure into next week’s PATH and AI reports should weigh the strong monthly momentum already in the chart against the absence of a company-specific catalyst today.

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Coforge Expands Strategic Partnership with Pega to Accelerate Enterprise AI Transformation Coforge Limited (NSE: COFORGE), a global AI-native engineering services leader, today announced the expansion of its strategic partnership with Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work. The partnership allows Coforge to build, package, brand, and commercially deliver Pega-powered offerings, strengthening the ability to deliver AI-led enterprise transformation programs globally.

Pega brings leadership in AI-driven decisioning, workflow automation and customer engagement. Coforge brings deep industry expertise, consulting capabilities and global delivery at scale. The agreement gives Coforge expanded commercial rights to package and deliver Pega’s technology as part of integrated transformation programs. Clients will be able to access Pega’s platform alongside Coforge’s consulting, implementation, engineering and managed services through a streamlined commercial and delivery model.

The agreement is expected to reduce execution complexity, accelerate deployments, and speed time to value for enterprise clients. It also strengthens the companies' joint go-to-market efforts across strategic industries and global markets through integrated delivery of Pega-powered solutions, streamlined procurement and engagement models, and repeatable industry-focused offerings that combine Coforge's domain expertise with Pega's capabilities.

John Speight, President & EU Geo Business Leader, Coforge, said, “Enterprises are increasingly looking for integrated AI and workflow transformation programs that deliver measurable business outcomes. This expanded partnership with Pega strengthens our ability to address that demand much faster. The agreement enables us to bring together Pega’s market-leading platform with Coforge’s consulting, engineering and managed-services capabilities in a more integrated way.”

He added, “This agreement marks a pivotal shift in how Coforge goes to market; moving from reselling software to delivering full-stack, Pega-powered industry solutions under its own brand. Coforge can now build repeatable, IP-backed offerings for its core verticals, enabling a more agile, specialized go-to-market motion that drives net-new opportunities in application modernization and intelligent automation."

Leon Trefler, Chief of Clients and Markets, Pega, said, "By combining Pega’s capabilities with Coforge's expertise in insurance, travel, transportation, and financial services, clients can move from strategy to execution faster than ever. Coforge's use of Pega Blueprint™ to automate legacy business logic discovery and modernization dramatically accelerates projects, turning months-long discovery phases into rapid, blueprint-driven transformations."

He added, "Clients benefit from the best of both worlds: Coforge's deep industry expertise and Pega's proven AI platform, delivered through integrated solutions tailored to their sector. Together, they help organizations accelerate transformation, reduce technical debt, and build adaptable enterprise workflows powered by Pega's scalable architecture and Coforge's delivery expertise."

About Coforge

Coforge is an AI-native engineering services leader, where AI is the very foundation of how we design, build, and deliver intelligent solutions for our clients. We use AI and hyperspecialized industry expertise to engineer autonomous enterprises. We combine AI agents with our AI-enabled workforce, including specialized FDEs in hybrid pod-based delivery units. With a deep focus on trusted AI, our solutions are secure, governed, and enterprise-grade. We are outcome-led by design. Moving beyond AI experimentation, we deliver measurable business outcomes – lower operating costs, faster cycle times, higher conversion rates, and sustained margin growth. Learn more at www.coforge.com

For more information, visit www.coforge.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20260828385217/en/

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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LOS ANGELES--(BUSINESS WIRE)---- $PEGA--PEGA Investors Have Opportunity to Join Pegasystems Inc. Fraud Investigation with SBS Law.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pegasystems Inc. ("Pegasystems" or the "Company") (NASDAQ: PEGA).  Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Pegasystems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On July 21, 2026, Pegasystems reported its financial results for the second quarter of 2026.  Among other items, Pegasystems reported earnings per share and total revenue that significantly missed consensus expectations, as well as a decline in year-over-year total Annual Contract Value growth relative to the previous quarter.  Pegasystem's management acknowledged that rapid shifts in the broader AI market had caused enterprise clients to elongate decision cycles and delay software purchases, a headwind expected to weigh on growth through the rest of 2026. 

On this news, Pegasystem's stock price fell $4.95 per share, or 16%, to close at $25.99 per share on July 22, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:

Danielle Peyton

Pomerantz LLP

[email protected]

646-581-9980 ext. 7980

SOURCE Pomerantz LLP

[url="]Pegasystems Inc.[/url] (NASDAQ: PEGA), the enterprise AI software company for mission-critical work, today announced new [url="]responsible AI[/url] adva

Amid the "SaaS Apocalypse," These 3 Names Are Boosting BuybacksPegasystems NASDAQ: PEGA CTO Don Schuerman said enterprise customers are shifting their artificial intelligence priorities from demonstrating AI adoption to pursuing measurable business value, with a focus on customer experience, efficiency, compliance and predictable operating costs.

Speaking at a Rosenblatt software event, Schuerman described Pega as a provider of workflow and decisioning technology used by organizations in financial services, government, insurance and healthcare. He cited uses including customer service, investigations, claims management, onboarding and know-your-customer processes.

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3 AI and Cloud Stocks With Analyst Conviction and Long RunwaysSchuerman said boards and chief executives have continued to press companies to become “AI-first” or “AI-led,” but customer discussions are increasingly centered on where AI can generate tangible returns. He said organizations are examining whether AI can improve revenue-generating customer interactions, produce workflow-level efficiency gains and support consistency in regulated operations.

Focus on Workflow Redesign and Governance According to Schuerman, enterprises are becoming less focused on competition among large language models and more focused on connecting models to their existing data, processes and governance frameworks. He said the models available a year ago can be sufficient for many enterprise applications, while the larger challenge is integrating them into the decisions and workflows that operate a business.

Time to Take Notice: PEGA’s GenAI Blueprint Delivers Huge Q3 BeatSchuerman referenced a recent Forrester report on AI platforms, saying the research firm distinguished platform providers from foundation-model providers and characterized the market as a “federation, not a monolith.” He said customers are expected to use multiple technology platforms rather than relying on one AI orchestration provider.

Pega’s approach, he said, is centered on redesigning business processes before inserting AI capabilities. Schuerman said banks, for example, are rethinking complaint-handling and customer-onboarding processes, rather than simply applying AI to existing workflows.

He highlighted Pega Blueprint, a product that uses models from providers including Claude, Gemini and GPT to help users design workflows. The goal, he said, is to determine where AI agents should be used and where processes should instead rely on deterministic business rules.

“You cannot just drop the AI onto a broken process and expect it to fix it,” Schuerman said, describing what he expects to be a broad wave of process re-engineering.

AI agents: Used for targeted tasks such as collecting complaint information, reviewing documents or producing fraud-risk scores. Deterministic workflows: Used for repeatable and auditable steps, particularly in regulated processes such as bank onboarding and complaint management. Governance: Maintained through visible process models and business rules that can be reviewed and adjusted. Pricing Model and Agent Integration Schuerman said Pega has announced that it will not charge customers on a per-token basis for AI use. Instead, the company plans to apply an uplift to its per-case pricing model, which is based on measures such as the number of customer complaints processed, new customers onboarded or claims handled.

He said Pega can support that structure because its architecture is designed to use agents for narrowly defined tasks, rather than repeatedly asking agents to reinterpret an entire process. That approach, he said, is intended to help customers avoid unpredictable token costs.

The CTO also said Pega has expanded support for Model Context Protocol, or MCP, allowing workflows in a Pega environment to be made available as skills that other agents can call. Conversely, Pega workflows can call agents built outside its platform. Schuerman said customers have begun deploying Pega workflows with external agents serving as an intake interface or embedded at specific points in a process.

He said the company’s usage-based model means that connecting workflows to additional channels or front ends could increase case volume, which he described as a potential source of value for both customers and Pega.

Infinity Studio, Legacy Modernization and Autonomous Operations Schuerman said Pega’s Infinity ’26 release, which he said became generally available last month, includes Infinity Studio. The product brings Blueprint’s AI-assisted design capabilities into the workflow-building phase, enabling users to ask an AI assistant to modify workflows, interfaces, validation rules and other configurations.

The company expects these tools to reduce the time, personnel and specialized Pega expertise needed to deploy applications, Schuerman said. He added that the objective is to help clients achieve business results faster rather than simply reduce staffing requirements.

On legacy modernization, Schuerman said AI has increased urgency because older systems can make it difficult to integrate new AI capabilities with existing business logic and data. At the same time, he said agents can help analyze legacy code and documentation. He noted Pega’s work with AWS Transform, which can use MCP to send workflow-related work to Blueprint for redesign.

Schuerman said Pega does not view robotic process automation as a long-term replacement for process transformation. While AI can help deploy RPA bots more quickly, he characterized RPA as a temporary method for connecting to systems without APIs or generating quick operational improvements while companies pursue deeper redesign work.

Looking ahead, Schuerman said organizations are moving toward what Pega calls the autonomous enterprise by applying AI to measurable business outcomes rather than deploying isolated productivity agents. He expressed skepticism about near-term predictions around artificial general intelligence, saying customers are more concerned with using current AI tools to improve profitability, employee experiences and customer outcomes.

About Pegasystems (NASDAQ:PEGA)Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems' offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Amid the "SaaS Apocalypse," These 3 Names Are Boosting BuybacksPegasystems NASDAQ: PEGA CFO Ken Stillwell outlined the company’s position as a workflow platform for large enterprises, its expanding AI product capabilities and its plans to improve sales execution following a softer first half for annual contract value growth.

Speaking at a Canaccord fireside chat, Stillwell said Pega serves organizations that need to manage structured, often regulated workflows that cannot readily be addressed with commercial off-the-shelf software. These use cases can include functions such as dispute management, loan origination and other processes requiring specific controls, integrations and customer-facing touch points.

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3 AI and Cloud Stocks With Analyst Conviction and Long RunwaysRather than relying on custom-built applications, which can create technical debt and complicate change management, customers can use Pega’s platform to configure applications and workflow structures, Stillwell said. He characterized the company’s competitive set as including platform providers such as Salesforce, Microsoft and Adobe in certain use cases, along with internally developed software.

Blueprint and Infinity Studio Aim to Speed Development
Stillwell said Pega Blueprint was designed to reduce the lengthy front-end process involved in helping customers identify and visualize applications they want to modernize. Blueprint allows users to identify their industry and problem, define user personas and fields, and map potential integrations to produce a visual representation of a proposed workflow application.

Time to Take Notice: PEGA’s GenAI Blueprint Delivers Huge Q3 BeatHe said customers previously needed extensive meetings, demonstrations, screen mockups and whiteboarding before reaching a prototype stage. In some cases over the past 12 months, customers using Blueprint have created a use-case template and configured an application for deployment in fewer than 90 days, according to Stillwell.

However, he said Blueprint initially did not provide a simple path from the design environment to a production build environment. Pega recently made generally available Pega Infinity 2026, including Pega Infinity Studio, which enables customers to import a Blueprint design into a development environment and use AI to help complete the application.

Infinity Studio had been generally available for about two weeks at the time of the discussion. Stillwell said Pega had previously given a beta version to roughly 20 customers for about three months, using their feedback to refine the product and identify areas for future updates.

Customers are also interested in connecting AI models to Blueprint, Stillwell said. The company supports connections to different models through MCP connections and offers native models within Blueprint. He said building workflows through prompts and discussion represents a newer experience for many Pega customers, which historically used more drag-and-drop development methods.

Fixed AI Pricing and Model Selection
Pega has adopted a model in which it charges customers a fixed AI-enabled price for a unit of work rather than charging per token, Stillwell said. The approach is intended to provide customers with certainty around their costs while putting the responsibility for managing token consumption on Pega.

Stillwell said the company’s architecture helps manage that risk by determining where AI is needed and selecting an appropriate model for each task. Not every activity requires a frontier model, he said, citing automated customer-service call wrap-up as an example of work that could use a less resource-intensive model.

“Our job is to help our clients to only use AI when it is needed to be used, and then when it is used, to use the right model,” Stillwell said.

He compared the company’s approach to cloud pricing, where usage can vary but Pega can estimate costs when it understands a customer’s use cases and operating parameters. Tools involving throttling, governance and model selection also help the company manage potential cost variability, he said.

First-Half ACV Growth Fell Short of Expectations
Stillwell acknowledged that first-half 2026 ACV growth was “unimpressive” and disappointing. He attributed the performance to a combination of factors, including management complacency after a strong start to 2025, insufficient pipeline-building activity late last year and a slower-than-needed shift in the sales organization from a “farmer” mentality to a more proactive “hunter” approach.

He also said enterprise buyers were distracted by AI during the first half, as vendors broadly promoted AI offerings. Pega saw in March and April that its sales activity measures were not progressing sufficiently, he said.

Stillwell said the company’s pipeline entering the second half was significantly higher than it was a year earlier and exceeded the level needed to meet its back-half growth target. He also said many financial-services customers that had been focused on AI governance and compliance earlier in the year had since established AI gateways, control processes, model choices and, in some cases, token-spending budgets.

Pega’s sales activity measures have improved “dramatically” over the prior six weeks, Stillwell said.
The company is monitoring outbound sales activity closely alongside its forecasting process.
Stillwell said Pega has a strong working set of opportunities for the second half.

Cash Flow Outlook and AI Governance Opportunity
Stillwell said Pega’s billing and collections are typically concentrated in the first and fourth quarters. Given lower bookings in the second quarter and the company’s normal seasonal pattern, he said the third quarter could produce slightly negative cash flow, while the fourth quarter is expected to be strong.

If Pega does not recapture its first-half ACV growth shortfall, the company could face pressure on its cash-flow target for the year, he said. He characterized full-year cash flow as likely to be relatively flat year over year. Stillwell nevertheless reaffirmed the framework behind Pega’s target of more than $700 million in free cash flow in 2028, which depends on double-digit ACV growth in 2027 and 2028 as well as operating leverage.

On AI agents, Stillwell said Pega’s workflow technology can provide structure and governance around how agents execute tasks, particularly in regulated activities where processes must be completed in a prescribed sequence. He said AI can be useful for testing, data analysis, extraction, analytics and tactical coding work, but companies remain cautious about allowing agents to generate code or take actions beyond what humans can effectively understand and supervise.

“Left unstructured and uncontrolled, AI will do varied things,” Stillwell said. “Some good, some very bad.”

About Pegasystems (NASDAQ:PEGA)Pegasystems Inc is a software company specializing in customer engagement and digital process automation solutions. Headquartered in Cambridge, Massachusetts, Pegasystems develops enterprise applications designed to help organizations streamline operations, manage customer interactions and automate complex workflows. Its platform supports a wide range of use cases, from sales and marketing optimization to case management and robotic process automation.

The core of Pegasystems' offering is the Pega Platform, a low-code development environment that enables businesses to build and deploy applications with minimal hand-coding.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Should You Invest $1,000 in Pegasystems Right Now?Before you consider Pegasystems, you'll want to hear this.

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While Pegasystems currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

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WALTHAM, Mass.--(BUSINESS WIRE)--Pegasystems Inc. (NASDAQ: PEGA), the enterprise AI software company for mission-critical work, today announced a per-share rate of approximately $0.083 for the special cash dividend of $7 million that Pega previously announced on July 31, 2026, which is payable on September 16, 2026 to shareholders of record as of August 17, 2026, excluding certain shareholders as described below. As previously disclosed, Pega entered into a settlement agreement to resolve the c.

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pegasystems Inc. ("Pegasystems" or the "Company") (NASDAQ: PEGA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Pegasystems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On July 21, 2026, Pegasystems reported its financial results for the second quarter of 2026. Among other items, Pegasystems reported earnings per share and total revenue that significantly missed consensus expectations, as well as a decline in year-over-year total Annual Contract Value growth relative to the previous quarter. Pegasystem's management acknowledged that rapid shifts in the broader AI market had caused enterprise clients to elongate decision cycles and delay software purchases, a headwind expected to weigh on growth through the rest of 2026.

On this news, Pegasystem's stock price fell $4.95 per share, or 16%, to close at $25.99 per share on July 22, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

Pegasystems Inc. (PEGA) Presents at Canaccord Genuity's 46th Annual Growth Conference Transcript

, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pegasystems Inc. ("Pegasystems" or the "Company") (NASDAQ: PEGA). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.

The investigation concerns whether Pegasystems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action]

On July 21, 2026, Pegasystems reported its financial results for the second quarter of 2026.  Among other items, Pegasystems reported earnings per share and total revenue that significantly missed consensus expectations, as well as a decline in year-over-year total Annual Contract Value growth relative to the previous quarter.  Pegasystem's management acknowledged that rapid shifts in the broader AI market had caused enterprise clients to elongate decision cycles and delay software purchases, a headwind expected to weigh on growth through the rest of 2026. 

On this news, Pegasystem's stock price fell $4.95 per share, or 16%, to close at $25.99 per share on July 22, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes. 

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP