Progress Software (PRGS) Misses Q1 EPS by 2c; Trims FY16 Outlook

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. SPCX
2. NVDA
3. NFLX
4. META
5. TSLA
6. ISRG
7. SMCI
8. RTX
9. S
10. COF

Go back to Progress Software (PRGS) Misses Q1 EPS by 2c; Trims FY16 Outlook

Wedbush Cuts Price Target on Progress Software (PRGS) Following a Weak 1Q

March 31, 2016 7:24 AM EDT

Wedbush 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