Progress Announces Second Quarter 2022 Financial Results

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Go back to Progress Announces Second Quarter 2022 Financial Results

Progress Software (PRGS) PT Lowered to $53 at Oppenheimer

June 29, 2022 7:26 AM EDT

Oppenheimer analyst Ittai Kidron lowered the price target on Progress Software (NASDAQ: PRGS) to $53.00 (from $60.00) while maintaining an Outperform rating following earnings.

The analyst commented, "Progress delivered a strong May qtr., with rev./EPS exceeding consensus estimates behind a stable spending environment and... More

Progress Software Corporation (PRGS) Tops Q2 EPS by 9c, Offers Guidance

June 28, 2022 4:19 PM EDT

Progress Software Corporation (NASDAQ: PRGS) reported Q2 EPS of $1.04, $0.09 better than the analyst estimate of $0.95. Revenue for the quarter came in at $150.9 million versus the consensus estimate of $146.93 million.

GUIDANCE:

Progress Software Corporation sees Q3 2022 EPS of $0.96-$0.98, versus the consensus... More