Media coverage about Progress Software Corporation (NASDAQ:PRGS) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Progress Software Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the software maker an impact score of 46.242316102557 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Several research analysts have commented on the company. BidaskClub downgraded Progress Software Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research raised Progress Software Corporation from a “hold” rating to a “strong-buy” rating and set a $36.00 target price on the stock in a report on Wednesday, July 5th. Finally, TheStreet raised Progress Software Corporation from a “c+” rating to a “b” rating in a report on Wednesday, June 28th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $32.25.

Progress Software Corporation (NASDAQ PRGS) traded up 2.58% on Friday, hitting $32.23. The stock had a trading volume of 1,029,989 shares. Progress Software Corporation has a 52-week low of $25.55 and a 52-week high of $32.53. The company’s market cap is $1.56 billion. The stock’s 50-day moving average is $31.49 and its 200-day moving average is $29.71.

Progress Software Corporation (NASDAQ:PRGS) last posted its earnings results on Wednesday, June 28th. The software maker reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.05. The company had revenue of $93.20 million during the quarter, compared to analyst estimates of $91.53 million. Progress Software Corporation had a negative net margin of 13.96% and a positive return on equity of 14.39%. Progress Software Corporation’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. Analysts expect that Progress Software Corporation will post $1.77 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.125 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.55%.

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About Progress Software Corporation

Progress Software Corporation is engaged in application development. The Company operates through three segments: OpenEdge, Data Connectivity and Integration (DCI), and Application Development and Deployment (AppDev). The OpenEdge business segment provides the product enhancements and marketing support to its partner base.

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