Progress Software Earnings: Cheap Enough To Ignore The Debt
Portfolio Pulse from
Progress Software Corporation, despite its significant debt, is considered an attractive buy due to its valuation at 11x forward free cash flow. The company's growth is driven by disciplined M&A, focusing on acquiring businesses with strong products and customer bases. It is expected to achieve 30% year-over-year revenue growth in fiscal 2025, aided by its ShareFile acquisition and potential future acquisitions.
January 22, 2025 | 4:30 pm
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Progress Software is considered an attractive investment due to its valuation and growth prospects, despite its significant debt. The company's disciplined M&A strategy is expected to drive 30% revenue growth in fiscal 2025.
The article highlights Progress Software's attractive valuation and growth potential, despite its debt. The company's focus on M&A and expected revenue growth make it a favorable investment, likely leading to a positive short-term impact on its stock price.
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