Progress Reports 2015 Fiscal Third Quarter Results
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Wedbush Cuts Price Target on Progress Software (PRGS) Following 3Q15 Results
October 2, 2015 8:16 AM EDTWedbush maintained a Neutral rating on Progress Software (NASDAQ: PRGS), and cut the price target to $25.00 (from $29.00), following the company's 3Q15 earnings results. PRGS missed slightly on the top line ($101M vs. 104M) and lowered FY15 revenue guidance by three points to 3-4% in organic, constant-currency terms.
Analyst Steve Koenig commented,... More
Progress Software (PRGS) Tops Q3 EPS by 2c; Update FY15 Outlook
October 1, 2015 4:18 PM EDTProgress Software (NASDAQ: PRGS) reported Q3 EPS of $0.39, $0.02 better than the analyst estimate of $0.37. Revenue for the quarter came in at $100.7 million versus the consensus estimate of $104.29 million.
Progress Software sees FY2015 EPS of $1.51-$1.55, versus prior guidance of $1.45-$1.52 and the consensus of... More
