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Progress Software: Off To A Good Start

Apr. 07, 2021 10:09 AM ETProgress Software Corporation (PRGS)3 Comments
Kayode Omotosho profile picture
Kayode Omotosho


  • Progress Software delivered strong Q1 results with a revenue beat of $10M.
  • The guidance for the full year is good, and the product updates are better than anticipated.
  • Valuation remains conservative relative to the options to expand its platform.

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Progress Software (NASDAQ:PRGS) is off to a good start in 2021. The Q1 beat and the encouraging guidance for profitability and cash flows have set a good tone for investors looking

This article was written by

Kayode Omotosho profile picture
Kayode's strategy aligns only with businesses that have competitive moats, solid financials, good management, and minimal exposure to macro headwinds.-------------------------------------Coverage tilted towards tech stocks (IoT, Cybersecurity, Cloud, DevOps, Data management)

Analyst’s Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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