Progress Software Corp (PRGS) Tops Q2 EPS by 5c

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Go back to Progress Software Corp (PRGS) Tops Q2 EPS by 5c

Progress Software (PRGS) Post 'Solid' Q2 - Jefferies

June 27, 2013 8:28 AM EDT

Jefferies bumped its price target on Progress Software (NASDAQ: PRGS) from $21 to $23 following "solid" Q2 results, but maintained a Hold rating. Estimates were trimmed. The firm said the results may signal a fairly valued turn.

"PRGS reported solid 2Q results as the... More