Tag: Soared

Why Shares in Aspen Technology Soared in November

What happened

Shares in asset optimization software company Aspen Technology (NASDAQ:AZPN) surged 22.4% in November according to data provided by┬áS&P Global Market Intelligence. The move comes as the company’s first-quarter 2021 results, released early in the month, helped to allay fears over the company’s growth trajectory.

Aspen’s software helps process industries companies better run their assets through digitization. For example, a chemicals processing plant can use the software to model the plant in order to predict and understand the consequences of a failure.

An industrial plant with digital icons floating above it.

Aspen Technology helps process industries optimize their assets. Image source: Getty Industries.

The stock has been

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