prgs – Scalper1

Progress A Likely Takeout Candidate After Q3

Progress Software (PRGS) reported mixed results for its third quarter and gave a better-than-expected forecast for the current quarter after the market close Thursday. The results follow restructuring and reorganization at the infrastructure software company in the quarter to improve its focus on operations. But the company’s financial results might not be the only reason why the stock is up nearly 5% in midday trading on the stock market today,

Progress Software Earnings Beat But Licenses Fall

Progress Software stock jumped Friday after its fiscal Q2 earnings, released late Thursday, beat despite a decline in the software maker’s license revenue. Progress Software (PRGS) shares were up more than 7% in midday trading in the stock market today — near 24, a more than three-month high. Earlier, shares were up nearly 12%. Progress makes infrastructure software — under both the as-needed cloud model and the upfront license model — that helps