Progress to buy Cloud Software unit ShareFile for $875 million
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/26/2026
- Nasdaq lags on angst over AI spending ahead of earnings reports
- Elon Musk’s trillion-dollar meltdown: How SpaceX and Tesla erased $700 billion
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook
- Oil falls on report China pushing for end US-Iran war
- Why Meta, Microsoft, and Nvidia are championing open-weight AI
- FDA approves Tylenol with Naproxen as first OTC combo pain reliever
- AMD (AMD) PT Raised to $1,250 at Baird
- Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say
- Elon Musk’s trillion-dollar meltdown: How SpaceX and Tesla erased $700 billion
- Nasdaq lags on angst over AI spending ahead of earnings reports
JPMorgan Reiterates Overweight Rating on Progress Software (PRGS)
September 9, 2024 10:22 AM EDTJPMorgan analyst Pinjalim Bora reiterated an Overweight rating and $63.00 price target on Progress Software (NASDAQ: PRGS).
The analyst comments "Progress announced that it has entered into a definitive agreement to acquire ShareFile, a leading cloud-native SaaS collaboration software for document-centric use cases, for $875M in an all-cash... More
DA Davidson Reiterates Buy Rating on Progress Software (PRGS)
September 9, 2024 10:20 AM EDTDA Davidson analyst Lucky Schreiner reiterated a Buy rating and $65.00 price target on Progress Software (NASDAQ: PRGS).
The analyst comments "This morning, Progress announced that they have entered into an agreement to acquire ShareFile, a document-centric collaboration solution, for ~$875M or ~3.6x annualized Rev of... More
