Report
EUR 12.98 For Business Accounts Only

Increased risk weighs on PROGRESS SOFTWARE, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of PROGRESS SOFTWARE (US), active in the Software industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date January 11, 2022, the closing price was USD 46.95 and its target price was estimated at USD 40.88.
Underlying
Progress Software Corporation

Progress Software provides platform for developing and deploying business applications. The company's products are sold as perpetual licenses, but certain products also use term licensing models and the company's cloud-based offerings use a subscription based model. The company has three segments: OpenEdge, which is focused on providing partners and direct end users with a path to develop and integrate cloud-based applications; Data Connectivity and Integration, which is focused on the company's data assets, including the data integration components of its cloud offerings; and Application Development and Deployment, which focused on serving the evolving needs of the company's substantial developer community.

Provider
TheScreener
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