Progress Software Corporation (NASDAQ:PRGS) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Progress Software Corporation (NASDAQ:PRGS) to Sell in a statement released on Wednesday October 05, 2016.
Having a price of $27.81, Progress Software Corporation (NASDAQ:PRGS) traded -0.39% lower on the day. With the last close up 3.10% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Progress Software Corporation has recorded a 50-day average of $28.37 and a two hundred day average of $27.00. Volume of trade was down over the average, with 108,391 shares of PRGS changing hands under the typical 232,326
With a total market value of $0, Progress Software Corporation has price-earnings ratio of 161.86 with a one year low of $22.01 and a one year high of $29.80 .
A total of 3 analysts have released a research note on Progress Software Corporation. One analyst rating the company a strong buy, one analyst rating the company a buy, two analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a average stock price target of $28.00.
Brief Synopsis On Progress Software Corporation (NASDAQ:PRGS)
Progress Software Corporation is a global software company. The Company offers solutions in the development, deployment and management of business applications on premise or in the cloud, on platforms or devices, to various data sources. The Company operates through three segments: OpenEdge; Data Connectivity and Integration, and Application Development and Deployment. The solutions within the OpenEdge business segment include Progress OpenEdge and Progress Corticon. The Data Connectivity and Integration business segment is focused on its data assets, including the data integration components of its cloud offerings. The solutions within Data Connectivity and Integration business segment include Progress DataDirect Connect and Progress DataDirect Cloud. The solutions within the Application Development and Deployment business segment include Telerik Dev Tools, Telerik Dev Cloud, Telerik Platform, Telerik ALM, Telerik Sitefinity, Progress Rollbase and Modulus.
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