Bentley Systems, Incorporated - Class B Common Stock (BSY)
46.99
+0.29 (0.62%)
Bentley Systems Inc is a leading provider of software solutions for advancing the design, construction, and operations of infrastructure projects
The company specializes in digital modeling and engineering tools that enable professionals in architecture, engineering, construction, and operations to create more efficient and sustainable infrastructure. Bentley’s offerings support various sectors, including transportation, water management, and industrial facilities, allowing organizations to improve project outcomes through enhanced collaboration, visualization, and data management throughout the project lifecycle. With a commitment to innovation, Bentley Systems plays a crucial role in shaping the future of infrastructure development globally.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vertical software stocks fared in Q3, starting with Manhattan Associates (NASDAQMANH).
Over the past six months, Bentley’s shares (currently trading at $47.62) have posted a disappointing 5.3% loss, well below the S&P 500’s 10.4% gain. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how vertical software stocks fared in Q3, starting with Bentley (NASDAQBSY).
Infrastructure design software provider Bentley Systems (NASDAQBSY) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 9.3% year on year to $335.2 million. Its non-GAAP profit of $0.24 per share was also 1.9% below analysts’ consensus estimates.
Jim Cramer recommends buying Merck (MRK) due to faith in CEO Robert Davis. He advises against Teladoc (TDOC) due to Cathie Wood's selling. He remains committed to Palo Alto Networks (PANW). He suggests traditional stock Wells Fargo (WFC) over Enova (ENVA). He declines playing Bentley Systems (BSY) due to high risk in enterprise software. GE Healthcare (GEHC) reports decent quarter.
Schneider Electric and Bentley Systems are in talks, hinting at a major shift in engineering software. The French industrial leader eyes Bentley's renowned solutions, with a potential merger valued at over $15 billion,. Despite uncertainties, this move underscores Schneider's strategic drive, echoing its history of aggressive acquisitions to fortify its software arm against industry titans.
