April 11, 2021

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Progress Program (NASDAQ:PRGS) Releases FY 2021 Soon after-Several hours Earnings Steering

Progress Software (NASDAQ:PRGS) issued an update on its FY 2021
Just after-Hrs earnings guidance on Thursday early morning. The business offered earnings per share (EPS) advice of 3.22-3.28 for the period, in contrast to the Thomson Reuters consensus estimate of $3.21. The firm issued revenue direction of $513-521 million, in contrast to the consensus profits estimate of $516.2 million.Progress Computer software also current its Q1 2021
Immediately after-Several hours guidance to .72-.76 EPS.

Shares of NASDAQ:PRGS traded up $.33 on Thursday, achieving $47.80. 38,915 shares of the company’s inventory have been exchanged, in contrast to its common volume of 281,819. The firm has a fifty day going ordinary of $43.29 and a 200-working day transferring typical of $38.81. Development Software package has a twelve month minimal of $28.09 and a twelve thirty day period superior of $52.50. The firm has a current market capitalization of $2.16 billion, a value-to-earnings ratio of 38.24 and a beta of 1.02. The business has a existing ratio of 1.41, a swift ratio of 1.41 and a debt-to-equity ratio of .74.

Separately, Zacks Investment Research lifted shares of Progress Software package from a maintain score to a purchase ranking and set a $44.00 rate target for the organization in a report on Tuesday, Oct 27th.

About Development Application

Progress Computer software Company develops business programs. The company operates via three segments: OpenEdge, Knowledge Connectivity and Integration, and Software Advancement and Deployment. The OpenEdge section delivers Progress OpenEdge, a advancement program, which builds multi-language programs for protected deployment across various platforms and gadgets, as very well as cloud Progress Corticon, a business policies administration technique that allows programs with determination automation and change approach, and choice-similar perception capabilities Development Kinvey, a system for developing business programs MOVEit that gives protected collaboration and automatic file transfers of critical organization information and facts WhatsUp Gold, a community monitoring resolution and DataRPM, a cognitive predictive servicing answer for industrial IoT.

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