Pomerantz LLP said it is investigating Pegasystems Inc. on behalf of investors over possible securities fraud or other unlawful business practices. The announcement followed Pegasystems' July 21, 2026 second-quarter results, when the company reported earnings per share and total revenue that significantly missed consensus expectations and posted a decline in year-over-year total Annual Contract Value growth relative to the previous quarter. Management said rapid shifts in the broader AI market were causing enterprise clients to lengthen decision cycles and delay software purchases, a headwind it expects to weigh on growth through the rest of 2026. Pegasystems shares fell $4.95, or 16%, to close at $25.99 on July 22, 2026.