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Shares of Ringcentral In-A Rank the Highest in Terms of Forward P/E Ratio in the Application Software Industry (RNG, WDAY, GWRE, SSNI, PEGA)

By Nick Russo

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.

Ringcentral In-A ranks highest with a a forward P/E ratio of 86.58. Following is Workday Inc-A with a a forward P/E ratio of 76.28. Guidewire Softwa ranks third highest with a a forward P/E ratio of 71.00.

Silver Spring Ne follows with a a forward P/E ratio of 65.04, and Pegasystems Inc rounds out the top five with a a forward P/E ratio of 51.52.

SmarTrend recommended that subscribers consider buying shares of Pegasystems Inc on February 16th, 2018 as our technology indicated a new Uptrend was in progress when shares hit $51.35. Since that recommendation, shares of Pegasystems Inc have risen 18.7%. We continue to monitor Pegasystems Inc for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest forward p/e ratio ringcentral in-a workday inc-a guidewire softwa :ssni silver spring ne pegasystems inc

Ticker(s): RNG WDAY GWRE PEGA