For its third fiscal quarter (ending August 31), Progress Software Corp (NASDAQ: PRGS) has reported E.P.S. of $0.66 compared to $0.44 a year ago. For the latest four quarters through August 31, E.P.S. were $1.90 compared to $1.82 a year ago.
Recent Price Action
Progress Software Corp (NASDAQ: PRGS) stock rose modestly by 0.5% on 9/24/24. The stock closed at $57.15. Moreover, this advance was accompanied by exceptionally high trading volume at 271% of normal. The stock has declined -1.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
PRGS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Progress Software has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Progress Software has a neutral Power Rating of 51 and a slightly positive Appreciation Score of 64, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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