Progress Software Corporation (NASDAQ:PRGS) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has upgraded Progress Software Corporation (NASDAQ:PRGS) to Hold in a report released on 11/30/2016.
Previously on 1/15/2016, Benchmark released a statement about Progress Software Corporation (NASDAQ:PRGS) increased the target price from $28.00 to $31.00. At the time, this indicated a possible upside of 0.24%.
Just yesterday Progress Software Corporation (NASDAQ:PRGS) traded 0.79% higher at $29.86. Progress Software Corporation’s 50-day moving average is $27.83 and its 200-day moving average is $27.72. The last stock price is up 7.71% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 0 shares of PRGS traded hands, down from an average trading volume of 255,664
Recent Performance Chart
Progress Software Corporation has 52 week low of $22.01 and a 52 week high of $30.24 with a PE ratio of 173.60 and has a market capitalization of $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 3 brokerages have issued a ratings update on the company. The average stock price target is $28.00 with 1 brokerage rating the stock a strong buy, 1 brokerage rating the stock a buy, 2 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
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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