Top Wall Street Forecasters Revamp Progress Software Price Expectations Ahead Of Q3 Earnings

Progress Software Corporation (NASDAQ:PRGS) will release earnings results for its third quarter, after the closing bell on Tuesday, Sept. 24.

Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings at $1.14 per share, up from $1.08 per share in the year-ago period. Progress Software projects to report revenue of $175.94 million for the quarter, according to data from Benzinga Pro.

On Sept. 9, the company entered a definitive deal to acquire ShareFile for $875 million, in a combination of cash and an existing revolving credit facility.

Progress Software shares fell 0.1% to close at $57.59 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by ...