Progress Software revised Q4 2024 EPS guidance downward to $1.15-$1.25, while raising revenue forecast.

Progress Software (NASDAQ: PRGS) has revised its Q4 2024 earnings guidance to an EPS of $1.15-$1.25, below the consensus estimate of $1.28. Revenue is projected between $207-$217 million, exceeding the consensus of $194.3 million. For FY 2024, EPS guidance is updated to $4.75-$4.85. The company's stock rating is a Moderate Buy, with an average target price of $63.50. Insiders sold $765,004 worth of shares recently.

September 24, 2024
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