Progress Software (PRGS) Tops Q3 EPS by 2c; Update FY15 Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- S&P 500 notches record-high close as rate-hike worries ease
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- BofA lifts server CPU TAM to $210bn+ on the rise of AI agents
- Burry doubles down on Nebius short after stock surges 34% on earnings
- JPMorgan gets bullish on Salesforce, says concerns are "overblown"
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
