The Latest Breaking News from PRGS

The Fed will likely slow down its aggressive monetary policy as inflation shows signs of cooling down. Moreover, analysts at Goldman Sachs believe that there is a possibility of a ‘soft landing’ next year. Therefore, investors should consider increasing their investments in fundamentally sound stocks, AT&T (T), Acuity Brands (AYI),…

Rapid digital transformation across sectors is expected to drive the prospects of the software market. Software giant Adobe (ADBE) recently announced its plans to acquire Figma in an expensive deal. Amid this, we think fundamentally strong software stocks, Synopsys (SNPS), Rimini Street (RMNI), Progress Software (PRGS), and Mitek Systems (MITK),…

Rising concerns about the Federal Reserve's interest rate increases to tame surging inflation and the Ukraine-Russia war have driven a massive sell-off in the tech sector. However, rapid digitization and robust demand for software services across various industries bode well for the overall software market. Therefore, we think it could…

Concerns over the Fed's aggressive monetary policy stance and the consequences of the Ukraine-Russia war have driven a massive tech sell-off lately. However, since the robust demand for software solutions with continuing digitization is expected to drive the industry’s growth, we think high-quality software stocks Progress Software (PRGS) and Amdocs…

The technology sector has witnessed an aggressive market sell-off since the beginning of the year, largely due to the Fed's hawkish stance. However, strong corporate earnings and increasing investments in tech upgrades should help the sector rebound quickly. Therefore, under-the-radar tech stocks Progress Software (PRGS), Rimini Street, Inc. (RMNI), and…

The pandemic-induced digital transformation trend across industries and the increasing investment in cloud-based solutions bode well for the software industry. Furthermore, analysts expect software spending to increase significantly this year. Given this backdrop, we think small-cap software stocks Progress Software (PRGS), Rimini Street (RMNI), and Commvault Systems (CVLT), which look…

Continuing remote working trends and rapid digitization are fueling the demand for software stocks. Furthermore, the increased adoption of data analytics and growing business automation across industries is driving the software market’s growth. Therefore, if one missed buying the dip in software stocks, we think one could bet now on…

Progress Software (NASDAQ:PRGS) is set to give its latest quarterly earnings report on Tuesday, 2022-03-29. Here's what investors need to know before the announcement. Analysts estimate that Progress Software will report an earnings per share (EPS) of $0.85.

The cloud computing industry has been achieving high growth since the onset of the COVID-19 pandemic owing to a surge in demand for cloud-based services. And because this trend is expected to continue in 2022, we think fundamentally strong cloud stocks Mimecast (MIME) and Progress Software (PRGS) could be safe…