Progress Software Corp (NASDAQ: PRGS) has reported E.P.S. of $0.37 for its second fiscal quarter (ending May 31) versus $0.28 for the same period a year ago. E.P.S. were $1.68 for the latest four quarters through May 31 versus $1.88 for the same period a year ago.
Recent Price Action
Progress Software Corp (NASDAQ: PRGS) stock declined slightly by -0.6% on 6/25/24. The stock closed at $48.70. Moreover, this decline was accompanied by unusually high trading volume at 190% of normal. The stock has been weak relative to the market over the last nine months and has declined -1.7% during the last week.
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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Progress Software has a slightly positive Appreciation Score of 67 but a slightly negative Power Rating of 37, leading to 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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