ANSYS $ANSS stock is in an uptrend channel as of December 4, 2022. The stock looks set to test its 200 day moving average during the week beginning on December 5, 2022. A break above the 200 day moving average would be a major psychological victory for Bulls. The stock is in a technical weak downtrend.
Unusual Dark Pool Trading in Ansys $ANSS Stock
An unusually large dark pool trade occurred in Ansys $ANSS stock on November 29, 2022. We think the $29 million trade was a dark pool buy order because $ANSS stock rose following the trade hitting the tape.
Ansys Announces Q3 Financial Results
On November 2, 2022, ANSYS reported third quarter 2022 results. Ansys reported Q3 EPS of $1.77 versus the consensus estimate of $1.63. The company reported Q3 revenue of $472.51M versus the consensus estimate of $466.94M. The company guided below consensus estimates with Q4 EPS between $2.58-$2.90 versus the consensus estimate of $2.95. The company forecasts Q4 revenue between $621.3M-$656.8M versus the consensus estimate of $666.81M.
“Ansys delivered another outstanding quarter, exceeding our financial guidance across all key metrics. We once again had double-digit ACV and revenue growth in constant currency both in the quarter and year-to-date. Our strong Q3 ACV performance was broad based across customer types, geographies and industries in constant currency, which is further evidence of the essential nature of our market-leading simulation portfolio, multiphysics product leadership and deep customer relationships. Looking to the remainder of 2022 and beyond, I am confident in our ability to execute against our outlook,” said Ajei Gopal, Ansys president and CEO.