Top Wall Street Forecasters Revamp Progress Software Price Expectations Ahead Of Q3 Earnings
Portfolio Pulse from Avi Kapoor
Progress Software Corporation (NASDAQ:PRGS) is set to release its Q3 earnings, with analysts expecting an EPS of $1.14 and revenue of $175.94 million. The company recently announced an $875 million acquisition of ShareFile. Analysts have varied ratings, with price targets ranging from $55 to $68.
September 23, 2024 | 1:57 pm
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Progress Software is expected to report Q3 earnings with an EPS of $1.14 and revenue of $175.94 million. The company has also announced a significant acquisition of ShareFile for $875 million. Analysts have mixed ratings with price targets between $55 and $68.
The upcoming earnings report and recent acquisition are significant events for Progress Software. The acquisition of ShareFile could enhance future growth prospects, while the earnings report will provide insight into current performance. Analyst ratings suggest a positive outlook, with most maintaining buy or outperform ratings, indicating potential short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100