Progress Software Reports 2016 Fiscal First Quarter Results
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Wedbush Cuts Price Target on Progress Software (PRGS) Following a Weak 1Q
March 31, 2016 7:24 AM EDTWedbush maintained a Neutral rating on Progress Software (NASDAQ: PRGS), and cut the price target to $22.00 (from $24.00), following the company's 1Q earnings report. Weakness in OpenEdge direct deals with North American customers looks to be a result of protracted negotiations with a handful of... More
Progress Software (PRGS) Misses Q1 EPS by 2c; Trims FY16 Outlook
March 30, 2016 4:16 PM EDTProgress Software (NASDAQ: PRGS) reported Q1 EPS of $0.27, $0.02 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $89.5 million versus the consensus estimate of $93.15 million.
GUIDANCE:
Progress Software sees Q2 2016 EPS of $0.26-$0.29, versus the consensus of... More
