The Latest Breaking News from Progress Software Corporation

The software industry encountered various macroeconomic challenges last year. However, the industry's prospects remain strong, owing to increased IT spending and growing cloud services adoption. Hence, it could be wise to invest in fundamentally sound software stocks Oracle (ORCL), Salesforce (CRM), and Progress Software (PRGS) this year. Continue reading….

The Fed’s constant rate hikes have caused significant market volatility and increased recession fears. However, the Fed might slow the pace of hikes in the near term. While uncertainties remain, we think investors could consider buying fundamentally solid stocks McKesson (MCK), Molina Healthcare (MOH), Progress Software (PRGS), and Universal Logistics…

The software industry was under immense pressure last year due to macroeconomic headwinds. However, it is expected to witness growth amid rapid digitization and favorable spending. Given the growth prospects of the industry, quality software stocks Progress Software (PRGS) and Autodesk (ADSK) might be added to your buy list in…

While the Fed has hiked the interest rate to the highest in 15 years, the still strong labor market might prompt the Fed to hike rates more in the coming months, raising the chances of a recession. Hence, fundamentally strong dividend-paying stocks KT Corporation (KT), Progress Software (PRGS), and The…

The software industry witnessed solid growth during the pandemic and is expected to see continued growth amid rapid digitization. Given the favorable prospects of the industry, under-the-radar software stocks Synopsys (SNPS) and Progress Software (PRGS) might see significant upside in the near term. These stocks could be worth buying for…

The growing demand for software solutions to facilitate hybrid working and consistent digitization should drive the software industry’s growth. Given the industry’s promising growth prospects, it could be wise to add fundamentally sound software stocks Oracle (ORCL), Open Text (OTEX), and Progress Software (PRGS) to your portfolio before they rebound…

Despite being well-positioned for long-term growth, the application software industry has near-term headwinds to deal with. Hence, avoiding fundamentally weak stocks Robinhood (HOOD), Monday.com (MNDY), and Matterport (MTTR) could be wise, while fundamentally strong software stock Progress Software (PRGS) could be a great buy right now. Continue reading….

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),…

Bill.com (BILL) reported better-than-expected revenue and earnings in the last reported quarter. Despite its better-than-expected fiscal fourth quarter results, we think the stock is best avoided now, given its poor fundamentals. However, investors can consider investing in its industry peers Progress Software (PRGS) and Commvault Systems (CVLT), given their strong…

Investors’ sentiments are improving amid slowing inflation and rising hopes of a slower tightening by the Fed. Moreover, the economy might successfully dodge a recession considering its resilience so far. Here are three fundamentally robust mid-cap stocks, Acuity Brands (AYI), Hugo Boss (BOSSY), and Progress Software (PRGS), which look poised…