Progress Software에 대한 매도 수량은 투자자에게 Progress Software의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Progress Software (NASDAQ:PRGS) 주식, 공매도 수량 보고

Progress Software

Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Company operates in North America, Latin America, Europe, the Middle East and Africa (EMEA), and Asia and Australia ("Asia Pacific"). Maximum revenue is gained from USA and EMEA.

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PRGS

수요일 오전 (현지 시간 기준) 미국 주식 선물이 하락세를 보이면서 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다: 1. 월스트리트는 신타스 코퍼레이션(NASDAQ:CTAS)이 개장 전에 25억 달러의 매출과 주당 95센트의 분기 이익을 보고할 것으로 예상하고 있다. 신타스의 주가는 시간외 거래에서 0.5% 상승한 $205.93를 기록했다.

수요일 주목해야 할 주식: 신타스, 마이크론 테크놀로지 그리고 3종목

Guidance

After-Hours Center

Movers

프로그레스 소프트웨어(NASDAQ:PRGS)의 주식은 회사가 3분기 예상보다 좋은 재무 결과를 발표한 후 화요일 애프터 마켓에서 6% 이상 상승했다.

프로그레스 소프트웨어의 주식은 예상보다 좋은 3분기 실적과 전망 상향으로 6% 이상 상승

Progress Software Corporation - Common Stock

Progress Software Corp

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">NVE Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVEC#NASDAQ">NVEC</a>)</h3>
<ul>
<li>On Jan. 22, NVE reported a year-over-year decrease in third-quarter financial results. &#8220;We are pleased to report solid earnings for the quarter and first nine months of the fiscal year, despite challenging industry conditions,&#8221; said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D. The company' stock fell around 12% over the past five days and has a <a href="https://www.benzinga.com/quote/NVEC">52-week low of $68.73</a>.</li>
<li>RSI Value: 27.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NVEC Price Action: Shares of NVE dipped 12.3% to close at $71.92 on Thursday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012425&amp;t=be2bearmibe3na1">NVEC news.</a> </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012425&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="903" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24035800/image-178.png" alt="" class="wp-image-748274" style="width:578px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24035800/image-178.png 903w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24035800/image-178-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24035800/image-178-768x699.png 768w" sizes="(max-width: 903px) 100vw, 903px" /></a></figure>
<h3 class="wp-block-heading">Clear Secure Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 16, 2024, Needham analyst Joshua Reilly reiterated Clear Secure with a Buy and maintained a $45 price target. The company's stock fell around 12% over the past month and <a href="https://www.benzinga.com/quote/YOU">has a 52-week low</a> of $16.05.</li>
<li>RSI Value: 25.4</li>
<li>YOU Price Action: Shares of Clear Secure fell 2.2% to close at $24.07 on Thursday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012425&amp;t=be2bearmibe3na1">trend in YOU stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012425&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="915" height="838" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24035900/image-179.png" alt="" class="wp-image-748277" style="width:562px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24035900/image-179.png 915w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24035900/image-179-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24035900/image-179-768x703.png 768w" sizes="(max-width: 915px) 100vw, 915px" /></a></figure>
<h3 class="wp-block-heading">Progress Software Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>)</h3>
<ul>
<li>On Jan. 21, Progress Software issued first-quarter EPS guidance below estimates. &#8220;2024 was a strong year for Progress as we continue to execute on our long-term strategy to invest and innovate, acquire and integrate, and drive customer success to deliver Total Growth,&#8221; said Yogesh Gupta, CEO at Progress. The company's stock fell around 18% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/PRGS">low of $48.00.</a></li>
<li>RSI Value: 15.9</li>
<li>PRGS Price Action: Shares of Progress Software fell 5.5% to close at $54.12 on Thursday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012425&amp;t=be2bearmibe3na1">breakout in PRGS shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012425&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="912" height="845" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24040005/image-180.png" alt="" class="wp-image-748283" style="width:573px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24040005/image-180.png 912w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24040005/image-180-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/24040005/image-180-768x712.png 768w" sizes="(max-width: 912px) 100vw, 912px" /></a></figure>
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Long Ideas

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Guggenheim analyst John Difucci reiterates Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Buy and maintains $83 price target.

Price Target

Reiteration

Analyst Ratings

Guggenheim Reiterates Buy on Progress Software, Maintains $83 Price Target

U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 150 points on Wednesday.
Shares of Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) fell sharply in today's pre-market trading after the company issued first-quarter EPS <a href="https://www.benzinga.com/quote/PRGS/earnings">guidance below estimates</a>.
Progress Software reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $1.22 per share. The company reported quarterly sales of $215.00 million which beat the analyst consensus estimate of $211.25 million.
Progress Software said it sees first-quarter revenue of $232 million to $238 million versus market estimates of $235.840 million. The company projects adjusted earnings of $1.02 to $1.08 per share, versus expectations of $1.25 per share.
Progress Software shares declined 2.6% to $61.90 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Associated Capital Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AC#NYSE">AC</a>) fell 43.7% to $20.00 in pre-market trading. Associated Capital recently reported estimated fourth quarter and full year results</li>
<li>Septerna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEPN#NASDAQ">SEPN</a>) fell 14.4% to $16.01 in pre-market trading after gaining more than 10% on Tuesday.</li>
<li>AnaptysBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANAB#NASDAQ">ANAB</a>) declined 12.3% to $14.81 in pre-market trading after gaining over 6% on Tuesday.</li>
<li>Marine Products Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPX#NYSE">MPX</a>) dipped 11.3% to $8.04 in pre-market trading. Marine Products will release its financial results for the fourth quarter on Thursday, Jan. 30, before the market opens.</li>
<li>Zenas BioPharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBIO#NASDAQ">ZBIO</a>) shares fell 8.2% to $7.71 in pre-market trading.</li>
<li>GH Research PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GHRS#NASDAQ">GHRS</a>) dipped 7.7% to $8.30 in pre-market trading.</li>
<li>Dogness (International) Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOGZ#NASDAQ">DOGZ</a>) fell 4.5% to $27.47 in pre-market trading.</li>
<li>Disc Medicine, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRON#NASDAQ">IRON</a>) fell 2.7% to $58.88 in pre-market trading as the company announced a proposed $200 million public offering of common stock and pre-funded warrants.</li>
</ul>
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</ul>

ANAB

DOGZ

GHRS

IRON

SEPN

ZBIO

Progress Software, Disc Medicine And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Progress Software Corporation Sees FY25 Revenue $958M-$970M; Sees Adj. EPS $5.00-$5.12

WIIM

Progress Software shares are trading lower after the company issued Q1 EPS guidance below estimates.

Progress Software Corporation Sees Q1 2025 Revenue $232M-$238M Vs $235.840M Estimate; Sees Adj. EPS $1.02-$1.08 Vs $1.25 Estimate

Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) reported quarterly earnings of $1.33 per share which beat the analyst consensus estimate of $1.22 by 9.02 percent. This is a 30.39 percent increase over earnings of $1.02 per share from the same period last year. The company reported quarterly sales of $215.00 million which beat the analyst consensus estimate of $211.25 million by 1.77 percent. This is a 21.11 percent increase over sales of $177.52 million the same period last year.

Earnings Beats

Progress Software Q4 2024 Adj EPS $1.33 Beats $1.22 Estimate, Sales $215.00M Beat $211.25M Estimate

In the current market session, Progress Software Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) share price is at $63.86, after a 1.46% spike. Moreover, over the past month, the stock decreased by 3.62%, but in the past year, went up by 7.69%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1737492310_0.png" alt="Past Year Chart" />

<h3>Progress Software P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Progress Software has a lower P/E than the aggregate P/E of 127.13 of the Software industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1737492310_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Price Over Earnings Overview: Progress Software

<h3>Companies Reporting Before The Bell</h3>
• 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) is estimated to report quarterly earnings at $1.66 per share on revenue of $5.78 billion. 
• United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $1.87 billion. 
• Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) is expected to report quarterly loss at $0.21 per share on revenue of $76.50 million. 
• Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $485.57 million. 
• Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) is projected to report quarterly earnings at $0.88 per share on revenue of $2.21 billion. 
• FB Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBK#NYSE">FBK</a>) is estimated to report quarterly earnings at $0.83 per share on revenue of $131.14 million. 
• KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) is projected to report quarterly earnings at $0.32 per share on revenue of $1.75 billion. 
• Mercantile Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBWM#NASDAQ">MBWM</a>) is projected to report quarterly earnings at $1.14 per share on revenue of $57.33 million. 
• Prologis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) is projected to report quarterly earnings at $1.38 per share on revenue of $1.94 billion. 
• Guaranty Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNTY#NYSE">GNTY</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $29.49 million. 
• Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $5.13 billion. 
• Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $109.93 million. 
• Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $328.44 million. 
• New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) is expected to report quarterly earnings at $0.33 per share on revenue of $1.06 billion. 
• Community Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is projected to report quarterly earnings at $0.89 per share on revenue of $192.78 million. 
• D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) is estimated to report quarterly earnings at $2.39 per share on revenue of $7.12 billion. 
<h3>Companies Reporting After The Bell</h3>
• Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) is estimated to report quarterly earnings at $1.26 per share on revenue of $787.50 million. 
• United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) is expected to report quarterly earnings at $3.01 per share on revenue of $14.34 billion. 
• SmartFinancial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMBK#NYSE">SMBK</a>) is projected to report quarterly earnings at $0.50 per share on revenue of $44.37 million. 
• Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $208.67 million. 
• Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is likely to report quarterly earnings at $4.20 per share on revenue of $10.13 billion. 
• Trustco Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRST#NASDAQ">TRST</a>) is likely to report earnings for its fourth quarter. 
• Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) is likely to report quarterly earnings at $1.22 per share on revenue of $211.34 million. 
• Interactive Brokers Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) is projected to report quarterly earnings at $1.82 per share on revenue of $1.37 billion. 
• Hancock Whitney (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWC#NASDAQ">HWC</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $365.13 million. 
• Pinnacle Finl Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) is expected to report quarterly earnings at $1.78 per share on revenue of $470.83 million. 
• Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) is estimated to report quarterly earnings at $0.34 per share on revenue of $73.15 million. 
• Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is expected to report quarterly earnings at $1.87 per share on revenue of $2.32 billion. 
• Pathward Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASH#NASDAQ">CASH</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $171.35 million. 
• Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) is projected to report quarterly earnings at $0.42 per share on revenue of $315.73 million. 
• Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) is expected to report quarterly earnings at $1.32 per share on revenue of $55.33 million. 
• Wintrust Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTFC#NASDAQ">WTFC</a>) is projected to report quarterly earnings at $2.49 per share on revenue of $632.53 million. 
• Capital One Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) is projected to report quarterly earnings at $2.71 per share on revenue of $10.21 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AGYS

CASH

CSLR

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FITB

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GNTY

GSBC

IBKR

MBWM

NFLX

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SCHW

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Earnings Scheduled For January 21, 2025

Citigroup analyst Fatima Boolani maintains Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Neutral and raises the price target from $65 to $68.

Citigroup Maintains Neutral on Progress Software, Raises Price Target to $68

Jefferies analyst Brent Thill maintains Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Hold and raises the price target from $65 to $70.

Jefferies Maintains Hold on Progress Software, Raises Price Target to $70

Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) will release earnings for its <a href="https://www.benzinga.com/quote/PRGS/earnings">fourth quarter next week</a>.
Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings at $1.22 per share, up from $1.02 per share in the year-ago period. Progress Software projects to report quarterly revenue of $211.44 million, compared to $177.52 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 24, Progress Software reported better-than-expected third-quarter financial results and raised its FY24 guidance.
Progress Software shares gained 0.9% to close at $65.26 on Friday .
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/PRGS/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Oppenheimer analyst Ittai Kidron maintained an Outperform rating and raised the price target from $70 to $80 on Oct. 22, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Guggenheim analyst Raymond McDonough maintained a Buy rating and raised the price target from $64 to $70 on Sept. 25, 2024. This analyst has an accuracy rate of 73%.</li>
<li>DA Davidson analyst Lucky Schreiner maintained a Buy rating and raised the price target from $65 to $70 on Sept. 25, 2024. This analyst has an accuracy rate of 64%.</li>
<li>Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $68 on Sept. 10, 2024. This analyst has an accuracy rate of 82%.</li>
<li>Jefferies analyst Brent Thill maintained a Hold rating and cut the price target from $60 to $55 on June 26, 2024. This analyst has an accuracy rate of 78%.</li>
</ul>
Considering buying PRGS stock? Here&#8217;s what analysts think:
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Progress Software Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

6 analysts have expressed a variety of opinions on Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $70.5, with a high estimate of $80.00 and a low estimate of $65.00. Marking an increase of 6.29%, the current average surpasses the previous average price target of $66.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1729620031_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Progress Software among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Raymond McDonough</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Lucky Schreiner</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Lucky Schreiner</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$68.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Progress Software. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Progress Software compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Progress Software's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Progress Software's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PRGS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Progress Software analyst ratings.</a>
<h2>Discovering Progress Software: A Closer Look</h2>
Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
<h3>Understanding the Numbers: Progress Software's Finances</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Progress Software displayed positive results in 3 months. As of 31 August, 2024, the company achieved a solid revenue growth rate of approximately 2.11%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Progress Software's net margin is impressive, surpassing industry averages. With a net margin of 15.93%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Progress Software's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 6.88%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Progress Software's ROA stands out, surpassing industry averages. With an impressive ROA of 1.78%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Progress Software's debt-to-equity ratio stands notably higher than the industry average, reaching 1.91. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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Peeling Back The Layers: Exploring Progress Software Through Analyst Insights

Ratings for Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $70.5, a high estimate of $80.00, and a low estimate of $65.00. Witnessing a positive shift, the current average has risen by 6.29% from the previous average price target of $66.33.
<img src="https://www.benzinga.com/files/images/story/2024/1729616417_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of Progress Software by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Raymond McDonough</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Lucky Schreiner</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Lucky Schreiner</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$68.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Progress Software. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Progress Software compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Progress Software's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Progress Software's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PRGS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Progress Software analyst ratings.</a>
<h2>Get to Know Progress Software Better</h2>
Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
<h3>A Deep Dive into Progress Software's Financials</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Progress Software's revenue growth over a period of 3 months has been noteworthy. As of 31 August, 2024, the company achieved a revenue growth rate of approximately 2.11%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Progress Software's net margin excels beyond industry benchmarks, reaching 15.93%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Progress Software's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 6.88%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Progress Software's ROA stands out, surpassing industry averages. With an impressive ROA of 1.78%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Progress Software's debt-to-equity ratio surpasses industry norms, standing at 1.91. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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Key Takeaways From Progress Software Analyst Ratings

Oppenheimer analyst Ittai Kidron maintains Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Outperform and raises the price target from $70 to $80.

Oppenheimer Maintains Outperform on Progress Software, Raises Price Target to $80

Disclosed in a recent SEC filing on October 17, Gupta, Chief Executive Officer at Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Gupta, Chief Executive Officer at Progress Software, made a strategic move by exercising stock options for 69,195 shares of PRGS as detailed in a Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0000876167/000087616724000162//Archives/edgar/data/876167/000087616724000162/0000876167-24-000162-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $1,082,209.
The Friday morning update indicates Progress Software shares down by 0.0%, currently priced at $66.33. At this value, Gupta's 69,195 shares are worth $1,082,209.
<h3>Discovering Progress Software: A Closer Look</h3>
Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
<h3>A Deep Dive into Progress Software's Financials</h3>
Revenue Growth: Progress Software displayed positive results in 3 months. As of 31 August, 2024, the company achieved a solid revenue growth rate of approximately 2.11%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: With a high gross margin of 83.73%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Progress Software's EPS is below the industry average. The company faced challenges with a current EPS of 0.66. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Progress Software's debt-to-equity ratio is below the industry average at 1.91, reflecting a lower dependency on debt financing and a more conservative financial approach.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 35.66 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 4.11 is lower than the industry average, implying a discounted valuation for Progress Software's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Progress Software's EV/EBITDA ratio at 15.02 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000876167">Check Out The Full List Of Progress Software's Insider Trades.</a>
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Insider Trades

Yogesh Gupta At Progress Software Decides to Exercises Options Worth $1.08M

Synopsys (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snps#NASDAQ">SNPS</a>) shares have experienced a pullback in recent times, with shares now trading 19.7% below its 52-week high of $629.38 achieved on Sept. 30.
Over the past three months, Synopsys shares have plunged 16.9%, underperforming the broader Zacks Computer &amp; Technology Sector&#39;s decline of 1.1% and the Zacks Computer &ndash; Software industry&#39;s fall of 2.7%.
Synopsys is currently facing several challenges, including a rise in cost of revenues and operating expenses. In the third quarter of fiscal 2024, these costs increased to $1.17 billion compared to $1.01 billion in the same period last year. This sharp rise has raised concerns about the company&#39;s ability to manage its rising costs effectively.
SNPS faces intense competition in the semiconductor and electronic design automation (EDA) space, which has been a headwind. Delays in realizing synergies from recent acquisitions have been a concern.
<div class="chart_embed">
<h2>Synopsys, Inc. Price and Consensus</h2>
<img alt="Synopsys, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/2b/1727786842.png" style="height:278px; width:620px" title="" />
Synopsys, Inc. price-consensus-chart | Synopsys, Inc. Quote
Does the dip in SNPS shares make the stock attractive? Let&#39;s analyze.
</div>
<h2>Synopsys Prospects Ride on Strong Portfolio</h2>
Synopsys&#39; innovative product lineup is expected to boost its prospects. The shift toward hybrid working is driving demand for higher bandwidth, which bodes well for the company&#39;s solutions. The rising demand for AI, 5G and IoT benefits SNPS&#39; prospects.
Synopsys reported strong revenues in the third quarter of fiscal 2024, with revenues increasing 13% year over year to $1.53 billion, in line with the Zacks Consensus Estimate.
SNPS anticipates achieving approximately 15% revenue growth for fiscal 2024. For fiscal 2024, it expects revenues between $6.105 billion and $6.135 billion.
The Zacks Consensus Estimate for revenues is pegged at $6.13 billion, indicating year-over-year growth of 4.93%.
For fiscal 2024, non-GAAP earnings are expected in the range of $13.07-$13.12 per share. The consensus mark for earnings is pegged at $13.12 per share, unchanged over the past 30 days.
For the fourth quarter of 2024, Synopsys expects revenues between $1.614 billion and $1.644 billion. The Zacks Consensus Estimate for fourth-quarter fiscal 2024 is currently pegged at 3.28 per share, up by a penny over the past 30 days.
Non-GAAP earnings are expected to be between $3.27 per share and $3.32 per share. The consensus mark for fourth-quarter fiscal 2024 revenues is pegged at $1.62 billion, indicating year-over-year growth of 1.01%.
<h2>Will Acquisitions Help SNPS Stock Rebound?</h2>
Synopsys has made several acquisitions to expand its product portfolio and drive growth. Over the past five years, it acquired more than 15 companies, including Intrinsic ID and Valtrix in 2024.&nbsp;
Synopsys is in the process of acquiring ANSYS (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>), a move designed to strengthen its Silicon to Systems strategy, particularly in sectors such as automotive, aerospace and industrial. This acquisition is expected to expand Synopsys&#39; customer base and enhance its product offerings.
<h2>Slowing Top-Line Growth, Stiff Competition Concerns for SNPS</h2>
Synopsys&#39; Design Automation segment saw slower growth in the third quarter of fiscal 2024. Revenues from this segment increased a modest 6% year over year, reaching $1.06 billion. In comparison, the same segment saw 23% growth in the third quarter of fiscal 2023, reaching $1.0 billion.
This downturn was due to tough competition in the EDA market, where Synopsys competes with major players like Cadence Design Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>) and Mentor Graphics.&nbsp;
Unfavorable forex and a challenging macroeconomic environment are major deterrents for investors.
<h2>Zacks Rank &amp; Valuation</h2>
Synopsys currently carries a Zacks Rank #3 (Hold), suggesting that it may be wise to wait for a more favorable entry point in the stock.
Its Value Score of D indicates a stretched valuation at this moment.
In terms of forward Price/Earnings, SNPS is currently trading at 34.82X, higher than the broader sector&#39;s 32.33X.
<h2>A Top-Ranked Stock to Consider</h2>
Progress Software (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prgs#NASDAQ">PRGS</a>) is a better-ranked stock in the broader sector, sporting a Zacks Rank #1 (Strong Buy).
Long term earnings growth rate is currently pegged at 2%. Progress Software shares have appreciated 23.2% year to date.
<a href="https://www.zacks.com/stock/news/2344135/snps-drops-20-from-52-week-high-is-the-stock-worth-buying-on-dip?cid=CS-BENZ-FT-analyst_blog|rank_focused-2344135">To read this article on Zacks.com click here.</a>

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SNPS

SNPS Drops 20% From 52-Week High: Is the Stock Worth Buying on Dip?

As of Sept. 26, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</h3>
<ul>
<li>After the closing bell on Wednesday, Micron reported better-than-expected fourth-quarter financial results. The company reported fourth-quarter revenue of $7.75 billion, beating the consensus estimate of $7.635 billion. The company reported fourth-quarter adjusted earnings of $1.18 per share, beating analyst estimates of $1.13 per share, according to Benzinga Pro. "Micron delivered 93% year-over-year revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of our data center DRAM products and our industry-leading high bandwidth memory. Our NAND revenue record was led by data center SSD sales, which exceeded $1 billion in quarterly revenue for the first time," said Sanjay Mehrotra, president and CEO of Micron. The company's stock gained around 7% over the past five days and has a <a href="https://www.benzinga.com/quote/MU">52-week high of $157.54</a>.</li>
<li>RSI Value: 70.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>MU Price Action: Shares of Micron gained 1.9% to close at $95.77 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Progress Software Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>)</h3>
<ul>
<li>On Sept. 24, Progress Software reported better-than-expected financial results for the third quarter. "This is a very exciting time for Progress. Our Q3 results were ahead of our guidance, and I am extremely pleased with our execution during the quarter," said Yogesh Gupta, CEO of Progress. The company's stock gained around 10% over the past five days and <a href="https://www.benzinga.com/quote/PRGS">has a 52-week high</a> of $65.84.</li>
<li>RSI Value: 85.64</li>
<li>PRGS Price Action: Shares of Progress Software rose 11.9% to close at $63.92 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Zeta Global Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>)</h3>
<ul>
<li>On Sept. 23, DA Davidson analyst Clark Wright maintained Zeta Global with a Buy and raised the price target from $30 to $35. The company's stock gained around 18% over the past month and has a <a href="https://www.benzinga.com/quote/ZETA">52-week high </a>of $30.47.</li>
<li>RSI Value: 71.60</li>
<li>ZETA Price Action: Shares of Zeta Global fell 2% to close at $29.63 on Wednesday.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41024505/top-5-industrials-stocks-that-may-collapse-in-q3">Top 5 Industrials Stocks That May Collapse In Q3</a></li>
</ul>

ZETA

Top 3 Tech Stocks That Are Ticking Portfolio Bombs

Guggenheim analyst Raymond McDonough maintains Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Buy and raises the price target from $64 to $70.

Guggenheim Maintains Buy on Progress Software, Raises Price Target to $70

Shares in Progress Software ($PRGS) dipped in spite of a healthy earnings beat in the last quarter for the AI-powered infrastructure software compa...

PRGS Earnings: Progress Software (NASDAQ:PRGS) Stock Falls Despite Beat

Analysts have been eager to weigh in on the Technology sector with new ratings on Bitdeer Technologies (BTDR – Research Report), Progress Software ...

Analysts' Opinions Are Mixed on These Technology Stocks: Bitdeer Technologies (BTDR), Progress Software (PRGS) and Broadridge Financial Solutions (BR)

Progress Software Earnings: Cheap Enough To Ignore The Debt

Driven by the increasing popularity of online education by institutions and organizations, the e-learning industry is seeing substantial growth. In this thriving environment, is Docebo (DCBO) a smart investment for investors looking to capitalize on the industry's growth? Read more… The e-learning industry has surged in recent years, driven by rising demand for remote learning, upskilling, and the widespread adoption of digital platforms in education and corporate sectors. Additionally, increased internet access and faster connectivity are further fueling the growth of digital education worldwide.
The growing availability of mobile-based learning apps and higher education institutions integrating e-learning modules to offer hybrid and distance-learning programs are enhancing the prospects of the industry. That said, the global e-learning services market is forecasted to reach $842.60 million by 2030, growing at an impressive <a href="https://www.grandviewresearch.com/industry-analysis/e-learning-services-market">CAGR of 19%</a>.
Amid this growth, Docebo Inc. (<a href="https://stocknews.com/stock/DCBO/">DCBO</a>) stands out as a leading figure in the aforementioned industry, offering an artificial intelligence (AI)-powered learning platform for organizations and individuals. DCBO's shares have surged 10.4% over the past six months, closing the last trading session at $42.87.
Now, let us dive deeper into the factors that could shape DCBO's performance in the near future.
Recent Developments
On November 11, 2024, DCBO <a href="https://docebo.inc/news/news-details/2024/Docebo-and-Deloitte-Forge-Strategic-Alliance-Enabling-Enterprises-to-Evolve-Into-High-Impact-Learning-Organizations/default.aspx">announced a strategic alliance</a> with Deloitte to aid mid-size and large organizations in building robust, growth-focused learning ecosystems. This collaboration combines DCBO's cutting-edge learning technology with Deloitte's consulting and implementation knowledge and could enhance the company's market presence amid the corporate space.
On October 2, DCBO partnered with TEDAI for the TEDAI Vienna event, serving as <a href="https://docebo.inc/news/news-details/2024/Docebo-Partners-with-TEDAI-Vienna-as-The-Business-Learning-Partner-for-Europes-Inaugural-AI-Conference/default.aspx">the business learning partner</a>. DCBO played a key role in showcasing how enterprises can harness AI to transform workplace learning and development. The collaboration is a testament to the company's commitment to reshape the future of work through AI.
Sound Financials
For the fiscal 2024 third quarter that ended on September 30, DCBO's revenue increased 19.2% year-over-year to $55.43 million. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 51.7% from the year-ago value to $4.72 million.
Additionally, the company's adjusted net income and adjusted EPS rose 66.7% and 80% from the prior year's quarter to $8.26 million and $0.27, respectively. As of September 30, 2024, DCBO's cash and cash equivalents amounted to $82.03 million, compared to $71.95 million on December 31, 2023.
Optimistic Analyst Estimates
Analysts predict DCBO's revenue and EPS for the fiscal 2025 first-quarter ending in March to increase 13.9% and 20.7% year-over-year to $58.52 million and $0.28, respectively. In addition, the company exceeded the consensus revenue and EPS estimates in each of the four trailing quarters, which is impressive.
Looking at the full fiscal year that ended December 2025, DCBO's revenue and EPS are expected to rise 14.3% and 30.2% year-over-year to $247.11 million and $1.31, respectively.
High Profitability
DCBO's trailing-12-month gross profit margin of 80.85% is 60% higher than the industry average of 50.55%. Its trailing-12-month net income margin stands at 8.63%, 126.9% higher than the industry average of 3.80%.
In addition, the company boasts a trailing-12-month levered FCF margin of 14.92%, which is 32.7% higher than the sector average of 11.24%. Also, the stock's trailing-12-month ROCE of 19.97% outperforms the industry average of 4.22% by 373.5%.
POWR Ratings Reflects Optimism
DCBO's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
DCBO has an A grade for Sentiment, which is in line with the optimistic analyst estimates. Plus, the stock holds a B grade for Quality, supported by profitability measures that exceeded industry benchmarks.
Within the B-rated <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, DCBO is ranked #5 out of 124 stocks. Beyond what is stated above, we have also given DCBO grades for Momentum, Value, Stability, and Growth. Get all DCBO ratings <a href="https://stocknews.com/stock/DCBO/">here</a>.
Bottom Line
DCBO has established itself as a titan in the e-learning industry with cutting-edge AI-powered learning offerings that have played an important role in training internal and external workforces, partners, and customers. The company's growth prospects seem robust as the industry expands.
Given DCBO's impressive analyst estimates, high profitability, and strategic industry position, now could be the ideal time to consider adding the stock to your portfolio.
How Does Docebo Inc. (DCBO) Stack Up Against Its Peers?
Although DCBO's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who also exhibit strong POWR Ratings. So, consider these A (Strong Buy) rated stocks from the Software - Application industry:
Progress Software Corporation (<a href="https://stocknews.com/stock/PRGS/">PRGS</a>)
IBEX Ltd. (<a href="https://stocknews.com/stock/IBEX/">IBEX</a>)
Heartcore Enterprises Inc. (<a href="https://stocknews.com/stock/HTCR/">HTCR</a>)
To explore more A or B-rated Software - Application stocks, <a href="https://stocknews.com/category/software-application/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
DCBO shares were unchanged in premarket trading Friday. Year-to-date, DCBO has declined -4.24%, versus a 0.95% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aritra_Gangopadhyay</h2> <img src='https:/wp-content/uploads/2025/01/Aritra_Gangopadhyay.png' style="float:left; padding:5px;width:125px;">Aritra is a financial journalist dedicated to breaking down complex financial topics into simple, actionable insights. Holding a Master's degree in Economics, he uses his analytical expertise to help investors uncover unique opportunities for long-term success.<a href="https://stocknews.com/authors/?author=aritra-gangopadhyay">More...</a>The post <a href=https://stocknews.com/news/dcbo-prgs-ibex-htcr-is-docebo-a-smart-investment-in-the-e-learning-industry/>Is Docebo a Smart Investment in the E-Learning Industry?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Docebo a Smart Investment in the E-Learning Industry?

The growing need for advanced software to accelerate business automation worldwide drives the software industry's growth, further supported by continuous technological developments. Thus, it could be the right time to invest in solid software stocks such as Salesforce (CRM), Open Text (OTEX), and Progress Software (PRGS), which are revolutionizing business automation for substantial gains. Keep reading... Business automation has become a necessity for companies in today's complex and rapidly changing environment. Companies require efficient solutions to improve their workflow and enhance their capabilities, and the latest software is able to provide the same. This has led to a rapid demand for advanced software, and the demand will grow further in the future.
Amid this backdrop, it could be wise to add quality software stocks: Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>), Open Text Corporation (<a href="https://stocknews.com/stock/OTEX/">OTEX</a>), and Progress Software Corporation (<a href="https://stocknews.com/stock/PRGS/">PRGS</a>), which are revolutionizing business automation.
Businesses are increasingly investing in the latest software applications to accelerate business automation in order to improve their workflow operations, enhance capabilities, and maintain a competitive position in the industry. The surging demand has resulted in rapid advancements and innovations in software and technologies, offering lucrative opportunities for software companies.
From cost savings to real-time, data-driven decisions and improved customer services, <a href="https://www.blueprism.com/resources/blog/the-future-of-business-process-automation-trends/">business automation</a> offers a variety of benefits to companies. Further, integration with artificial intelligence (AI), automation, and other tools improves efficiency and enables digital transformation to keep up with the fast-paced world.
These trends have directly impacted the growth trajectory of the global application development software market. In recent times, the adoption of digitalization across businesses and the rising demand for software applications to simplify and accelerate operations have propelled the market growth.
The global application development software market is projected to reach around $862.67 billion by 2028, exhibiting growth at a <a href="https://www.grandviewresearch.com/industry-analysis/application-development-software-market-report">CAGR of 22.8%</a>. Demand for cloud computing, cloud storage solutions, increasing investments, and the evolution of technologies are driving market demand.
With these encouraging trends in mind, let's delve into the fundamentals of the three <a href="https://stocknews.com/category/software-application/">Software - Application</a> stock picks, beginning with the third choice.
Stock #3: Salesforce, Inc. (<a href="https://stocknews.com/stock/CRM/">CRM</a>)
CRM provides Customer Relationship Management (CRM) technology that brings companies and customers together globally. Its service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices.
On December 17, CRM introduced Agentforce 2.0, the newest version of Agentforce, the first digital labor platform for enterprises. The platform is a complete AI system for augmenting teams with trusted, autonomous AI agents in the flow of work. The new advances allow entities to scale their workforce with customized agents capable of handling complex with even more precision and accuracy.
On November 20, CRM announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale. It allows teams to test Agentforce with synthetically generated data, ensuring accurate responses and actions, with complete monitoring of usage and feedback.
CRM reported total <a href="https://www.investopedia.com/terms/r/revenue.asp">revenues</a> of $9.44 billion during the third quarter, which ended October 31, 2024, up 8.3% from the prior year's quarter. Its gross profit grew 11.8% from the year-ago value to $7.34 billion. Also, CRM's non-GAAP income from operations of $3.12 billion reflects a 14.9% increase from the previous year period.
In addition, the company's non-GAAP net income amounted to $2.32 billion and $2.41 per share, indicating growth of 12.2% and 14.2% year-over-year, respectively.
According to the company's guidance for the fourth quarter, CRM expects revenue in the range of $9.90 billion and $10.10 billion, up 7% - 9% year-over-year.
Also, for the fiscal year 2025, the company raised its low-end revenue guidance between $37.8 billion and $38 billion, up 8% - 9% from the prior year. It has also raised its operating cash flow growth to a range of 24% to 26%.
Analysts expect CRM's revenue and EPS for the fourth quarter (ending January 2025) to increase 8.1% and 14.2% year-over-year to $10.04 billion and $2.61, respectively. Moreover, the company surpassed the consensus revenue and EPS estimates in three of the trailing four quarters.
CRM's stock has surged 27% over the past six months and 25.3% over the past year to close the last trading session at $326.90.
CRM's robust outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Quality. It is ranked #20 out of 125 stocks in the B-rated <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry.
<a href="https://stocknews.com/stock/CRM/">Click here</a> to access additional CRM ratings for Value, Sentiment, Stability, Momentum, and Growth.
Stock #2: Open Text Corporation (<a href="https://stocknews.com/stock/OTEX/">OTEX</a>)
Headquartered in Waterloo, Canada, OTEX is engaged in the provision of information management products and services. The company offers content services, including content collaboration and intelligent capture, as well as records management, collaboration, e-signatures, and archiving.
On December 5, OTEX announced a strategic partnership with Secure Code Warrior to integrate its dynamic learning platform into the OpenText Fortify application security product suite. The strategic partnership will allow developers to improve their secure coding skills through real-time training to reduce risks, quickly identify and resolve vulnerabilities, and ultimately build greater trust with customers.
On November 19, OTEX unveiled Cloud Editions 24.4. The next-generation cloud, security, and AI-integrated innovations aim to deliver secure, AI-integrated solutions to strengthen data connectivity, streamline workflows, and enhance human potential. The system addresses the needs of forward-thinking CIOs and business leaders navigating multi-cloud environments.
Also, on the same date, the company announced a new Partner Enterprise Learning Subscription. The subscription gives partners the ability to build the needed skills at scale. It helps customers verify that their partner has relevant product-related skills, giving them confidence in their choice of partner.
During the first quarter that ended September 30, 2024, OTEX reported total revenues of $1.27 billion, of which its Cloud services and subscriptions grew 1.3% year-over-year to $457.02 million. Its gross profit was $910.36 million, and adjusted EBITDA was $443.80 million for the quarter.
Also, net income and EPS attributable to OpenText stood at $84.37 million and $0.32, up 4.3% and 6.7% from the prior year's quarter, respectively.
For the fiscal year (ending June 2026), OTEX's revenue is expected to increase 2.4% year-over-year to $5.44 billion, while its EPS is expected to improve 13.6% year-over-year to $4.15. Moreover, it has surpassed the consensus EPS estimate in three of the trailing four quarters.
Shares of OTEX have slumped 9.8% over the past month to close the last trading session at $27.87.
OTEX's POWR Ratings reflect its promising prospects. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has an A grade for Value and B for Growth. OTEX is ranked #16 of 125 stocks within the B-rated Software Application industry.
To see additional POWR Ratings of OTEX for Momentum, Quality, Sentiment, and Stability, <a href="https://stocknews.com/stock/OTEX/">Click here</a>.
Stock #1: Progress Software Corporation (<a href="https://stocknews.com/stock/PRGS/">PRGS</a>)
PRGS develops, deploys, and manages business applications internationally. The company offers OpenEdge, Chef, Developer Tools, Kemp LoadMaster, and Sitefinity. It also provides MOVEit, DataDirect, WhatsUp Gold, Flowmon, Corticon, MarkLogic, and Semaphore.
On December 19, PRGS announced its partnership with the American Institute of CPAs (AICPA), the world's largest member association representing the CPA profession. PRGS' Progress&#xAE; ShareFile&#xAE;, the SaaS-native, AI-powered, document-centric collaboration platform, has become the only document workflow and secure file-sharing solution in the AICPA Member Discount Program.
On November 21, PRGS released new powerful capabilities and enhancements in Progress&#xAE; Sitefinity&#xAE;. With the release, Sitefinity introduced native support for Next.js, a React framework, allowing organizations to leverage one of the fastest-growing frontend frameworks for developers to create modern, state-of-the-art digital experiences.
Also, on October 31, PRGS completed the acquisition of ShareFile, a Cloud Software Group, Inc. business unit, offering a SaaS-native, AI-powered, document-centric collaboration platform, emphasizing industry segments including business and professional services, financial services, industrial, and healthcare.
For the third quarter that ended August 31, 2024, PRGS' revenue increased 2.1% year-over-year to $178.69 million. Its non-GAAP income from operations grew 8.4% from the year-ago value to $74.12 million. The company's non-GAAP net income and EPS came in at $55.22 million and $1.26, up 13.3% and 16.7% from the prior year's quarter, respectively.
As per the updated business outlook for 2024, PRGS expects non-GAAP of $745 million - $755 million. The company expects non-GAAP EPS between $4.75 and $4.85.
Street expects PRGS' revenue and EPS for the fourth quarter (ended November 2024) to increase 19.1% and 19.3% year-over-year to $211.34 million and $1.22, respectively. Also, the company surpassed the consensus revenue and EPS estimates for all of the trailing four quarters, which is impressive.
PRGS' shares have gained 16.5% over the past six months and 18.9% over the past year to close the last trading session at $63.33.
PRGS' sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
The stock has an A grade for Quality. It also has a B grade for Growth and Value. Within the same industry, PRGS is ranked #3 of 125 stocks.
In addition to the POWR Ratings we've stated above, we also have PRGS ratings for Momentum, Stability, and Sentiment. Get all PRGS ratings <a href="https://stocknews.com/stock/PRGS/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CRM shares were trading at $317.36 per share on Friday afternoon, down $9.54 (-2.92%). Year-to-date, CRM has declined -5.08%, versus a -1.19% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/crm-otex-prgs-3-software-stocks-revolutionizing-business-automation/>3 Software Stocks Revolutionizing Business Automation</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Software Stocks Revolutionizing Business Automation

Progress Software (PRGS) has disclosed a new risk, in the Technology category. Progress Software faces a significant risk due to the dependency of ...

Progress Software's Reliance on Third-Party Systems Poses Financial Risks

In a report released yesterday, Pinjalim Bora from J.P. Morgan maintained a Buy rating on Progress Software (PRGS – Research Report), with a price ...

Progress Software (PRGS) Receives a Buy from J.P. Morgan

Progress announced the launch of Progress Data Cloud, a managed Data Platform as a Service designed to simplify enterprise data and artificial inte...

Progress Software announce launch of Progress Data Cloud

BTDR

DCBO

HTCR

IBEX

OTEX

Press Releases

Progress Completes Acquisition of ShareFile

Progress and emt Distribution Celebrate 10th Anniversary of Successful Partnership

General

Progress Unveils Native Next.js Support in Sitefinity, Offering Maximum Flexibility to Create and Scale Digital Experiences

Progress Unveils Q4 2024 Release for Telerik and Kendo UI, Breaking New Ground in Design-to-Code Processes and Adding Support for .NET 9 and Angular 19

M-Files Appoints Jay Bhatt as CEO

Progress ShareFile Selected as the Latest Addition to the American Institute of CPAs (AICPA) Member Discount Program, Offering Benefits for AICPA Members

Progress Software to Report Fourth Quarter and Fiscal 2024 Financial Results on January 21, 2025

Progress Once Again Honored as a Top Place to Work and Socially Responsible Organization by Prestigious Publications Including The Boston Globe and Newsweek

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