Progress Software News

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Progress Software Corporation , a global software company that simplifies the development, deployment and management of business applications, today announced that it will release financial results for its fiscal second quarter 2013 on Wednesday, June 26, 2013.

Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of Progress Software from a "sell" rating to a "neutral" rating in a research note to investors on Monday, June 3rd.

On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: American Express downgraded to Equal Weight from Overweight at Barclays... AngloGold downgraded to Sell from Neutral at UBS... DuPont downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics downgraded to Neutral from Buy at BofA/Merrill... Progress Software ... (more)

Google projected to dominate mobile ad market. Facebook hashtags come amid disappointing stock performance.

Progress President and CEO Phil Pead said, after careful consideration, it concluded that it is in Progress' best interest to focus the business on cloud and mobile application development technologies through a single platform and to pursue the sale of the Apama solution.

Progress Software Corporation today introduced ProgressA Pacifica , a powerful, easy-to-use platform for building and managing "connected apps" on any cloud, mobile or social platform.

Progress Software traded down 1.06% on Monday, hitting $23.26. Progress Software has a 52-week low of $17.30 and a 52-week high of $24.50. The stock's 50-day moving average is currently $22.44. The company has a market cap of $1.290 billion and a price-to-earnings ratio of 20.68. Progress Software last issued its quarterly earnings data on ... (more)

They currently have a $25.50 price target on the stock. Zacks ' target price suggests a potential upside of 11.06% from the stock's previous close.