Extremely important negative changes in investment behavior have recently occurred for Progress Software Corp (NASDAQ: PRGS): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
Progress Software Corp (NASDAQ: PRGS). Small negative changes in fundamentals have recently occurred: the consensus estimate for November, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
PRGS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Progress Software has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Progress Software has a slightly positive Appreciation Score of 61 and a neutral Power Rating of 41, triggering the Neutral Value Trend Rating.
Recent Price Action
On 2/28/24, Progress Software Corp (NASDAQ: PRGS) stock declined slightly by -0.9%, closing at $52.66. Moreover, exceptionally high trading volume at 968% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -5.2% during the last week.
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