Progress Software (NASDAQ:PRGS) will be posting its quarterly earnings results after the market closes on Thursday, January 17th. Analysts expect Progress Software to post earnings of $0.66 per share for the quarter.
Shares of PRGS opened at $36.48 on Friday. The stock has a market cap of $1.63 billion, a P/E ratio of 21.21 and a beta of 0.76. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.05 and a current ratio of 1.05. Progress Software has a 52-week low of $30.23 and a 52-week high of $53.60.
A number of analysts recently issued reports on the company. BidaskClub raised Progress Software from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 27th. Zacks Investment Research cut Progress Software from a “buy” rating to a “hold” rating in a report on Thursday, November 29th. ValuEngine raised Progress Software from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Finally, Wedbush reaffirmed a “neutral” rating and issued a $38.00 price target on shares of Progress Software in a report on Friday, November 16th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $39.00.
Progress Software Company Profile
Progress Software Corporation provides software solutions for various industries worldwide. It operates through three segments: OpenEdge; Data Connectivity and Integration; and Application Development and Deployment. The OpenEdge segment offers Progress OpenEdge, a development software, which builds multi-language applications for secure deployment across various platforms and devices, as well as cloud; Progress Corticon, a business rules management system that enables applications with decision automation and change process, and decision-related insight capabilities; DataRPM, which provides maintenance solutions for industrial IoT; and Kinvey that offers cloud backend as a service technology.
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