|Bid||41.19 x 1000|
|Ask||41.21 x 1000|
|Day's Range||40.97 - 41.61|
|52 Week Range||30.23 - 47.60|
|Beta (3Y Monthly)||1.17|
|PE Ratio (TTM)||31.60|
|Earnings Date||Sep 25, 2018 - Oct 1, 2018|
|Forward Dividend & Yield||0.62 (1.51%)|
|1y Target Est||46.00|
[Editor's note: This story was previously published in February 2019. It has since been updated and republished.]The search for software stocks to buy provides both opportunities and challenges. On the one hand, software develops and changes at a rapid pace, paving the way for ever-increasing chances to profit. However, rapid changes can make it a challenge to maintain market share. Moreover, between application, business, healthcare, internet and security software, there is a dizzying array of choices when it comes to software stocks.Existing software firms can stand out from the crowd by redefining themselves. As such, they can bring new technical abilities to the marketplace, reviving their companies and their respective stocks. With a little research, investors can find these software stocks before valuations move too high.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThese three software stocks should provide both the growth and the new technology needed to drive their stock prices higher for years to come. * 10 Stocks to Buy That Could Be Takeover Targets Progress Software Corporation (PRGS)Progress Software (NASDAQ:PRGS) provides software-based security solutions via the cloud. The company divides itself into three sections. OpenEdge, its original product from the early 1980's, is a programming language focused on developing multi-language business applications. The company also offers cloud-based applications through its Data Connectivity and Integration division. Finally, Application Development and Deployment creates and deploys specialized apps for its clients.Despite its long history, the company may now be seeing its highest stock price growth ever. PRGS stock maintained a steady growth path following the 2008 financial crisis. And then, in 2017, the stock price almost doubled. After hitting a high of around $43 last fall, PRGS hit a low near $30 during the market downturn and has since rebounded back to the $41 per share level.The forward price-earnings ratio for the stock now stands at just 15.2, although the company's earnings per share are expected to be little changed this year.But as the cloud industry begins an inevitable consolidation, PRGS stock could become a buyout target. Its $1.84 billion market cap makes it a size any larger firm could easily absorb. With the importance of cloud-related security and low valuations, PRGS stock could stand out among software stocks to buy. National Instruments Corporation (NATI)Some software stocks revolve around research. Such is the case with National Instruments (NASDAQ:NATI). National Instruments designs and sells software to engineers and scientists. Their software covers a variety of research-related applications, such as data mining and data analysis. Some National Instruments software can perform tests within a manufacturing environment and configure other applications for real-time experiments. These simulations allow engineers and scientists to test ideas before bearing the high costs of manufacturing or building real-world models.The company has existed since 1976. However, this decade for the company has really hit its stride. The company's EPS nearly tripled last year. * 10 Stocks to Buy That Could Be Takeover Targets This growth has begun to appear in its stock. NATI stock traded under $30 per share less than three years ago. Today, it sells at about $40 per share, down from a record of high of $53.57 per share back in March 2018. As for its valuation, its forward P/E is now 29.6. While that might appear high, its five-year estimated PEG ratio is only 0.64. Also, despite its growth and long existence, NATI's market cap stands at about $5.2 billion. Although it may have taken decades to come into its own, NATI stock presents a compelling value proposition to customers and investors alike. Symantec Corporation (SYMC)Symantec (NASDAQ:SYMC) has long served as the provider of Norton AntiVirus software. This stood out among software stocks to buy during the 90s tech boom as it became a leading security platform during the PC era. As of late, SMYC has seen slower growth due to slower PC sales.However, the company focuses on more than just PCs. Symantec also provides security for both network and cloud applications. Additionally, its acquisition of LifeLock offers protection in the financial realm as well.Analysts expect these new areas of focus to bolster the stock. SYMC stock saw net income growth fall by an average of 6.9% per year over the last five years, and its EPS is expected to drop by about the same amount this year. But in 2020, its EPS is expected to rebound 8%.SYMC stock also trades at a discount. After reaching as high as $34.20 per share last September, the stock trades at around $19 per share today.This could have also created a chance to buy SYMC at a lower price. Its current forward P/E stands at just over ten. Also, keep in mind that income growth will probably return to the double-digits starting next year.PC-focused companies such as Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC) have found prosperity after the decline of their one-time core product. I believe the same thing is happening to Symantec. With the low P/E and the prospects for growth, now could be an opportune time to buy it.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * The 4 FANG Stocks Won't Be Bitten By Regulation Threats * 10 Stocks to Buy That Could Be Takeover Targets * 4 Big Bank Stocks Rebounding Compare Brokers The post 3 Software Stocks to Buy for Big Changes And High Growth appeared first on InvestorPlace.
Progress Software Corp NASDAQ/NGS:PRGSView full report here! Summary * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is extremely low for PRGS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting PRGS. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding PRGS totaled $35 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
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Progress (PRGS), the leading provider of application development and digital experience technologies, today announced that CRN®, a brand of The Channel Company, has named Joan Groleau to its prestigious 2019 Women of the Channel list. Groleau serves as Senior Director, Global Partner Programs at Progress, having recently joined the team from Ipswitch, which was acquired by Progress in May 2019. Joan Groleau is recognized for her contributions to channel advocacy, channel growth, and visionary leadership.
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the latest release of Progress® Kendo UI®, the most complete UI toolkit for web development.
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the newest release of Progress® Telerik® tooling for .NET developers. With this release, Progress delivers full day-zero support for Visual Studio 2019 and .NET Core 3.0 across the entire Progress Telerik product line. In addition, Progress expands its portfolio with a brand-new suite for the Microsoft Blazor framework—Progress® Telerik® UI for Blazor—offering 17 native UI components, including Grid, Charts, TextBox, DropDownList and several SASS-based themes.
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the recipients of its 2019 Progress App Innovation Awards. Winners were announced during ProgressNEXT 2019, the premier event for modern application development, which took place May 6-9 in Orlando, FL. Categories for the Progress App Innovation Awards program include: Best App Modernization, Best Consumer App, Best Enterprise App, Best Web Experience, and The Social/ Environmental Impact Award.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies su...
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the preview of Progress® Unite UX™, the first-of-its-kind solution to bring design and development together by integrating with existing design tools to quickly and automatically translate design into pixel-perfect front-end code. The UX designer is a critical part of any modern application development team and needs to work hand in hand with developers. Progress Unite UX accelerates team productivity and delivers a true-to-intent UX with an innovative roundtrip workflow between designers and developers.
Today we've highlighted three stocks that fall into the broad "technology" sector. Each of these three stocks is currently trading for less than $10 a share and holds a Zacks Rank 1 (Strong Buy) or 2 (Buy) at the moment.
ProgressNEXT—Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the latest release of its leading digital experience management platform, Progress® Sitefinity® 12. With this release, Progress has brought Sitefinity to the cloud and provides new levels of productivity, efficiency and faster time-to-market.
Progress (PRGS), the leading provider of application development and deployment technologies, today announced conference call details for its upcoming Annual Meeting, to be held at the Company’s offices at 14 Oak Park, Bedford, MA on Thursday, May 9, 2019. The conference call can be accessed on the investor relations section of the company’s website, located at http://www.progress.com/ or dial-in at 800-682-0995, confirmation code 2788366. Please join the conference call at least 10 minutes early to register.
Hedge Funds and other institutional investors have just completed filing their 13Fs with the Securities and Exchange Commission, revealing their equity portfolios as of the end of December. At Insider Monkey, we follow nearly 750 active hedge funds and notable investors and by analyzing their 13F filings, we can determine the stocks that they are […]
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced that it has been named an April 2019 Gartner Peer Insights Customers’ Choice for Web Content Management (WCM). This marks the second time Progress has been named a Gartner Peer Insights Customers’ Choice, after being recognized as the only Customers’ Choice for Web Content Management in October 2018.
Progress® (PRGS), the leading provider of application development and digital experience technologies, today announced the completion of the acquisition of Ipswitch, Inc., a provider of award-winning and easy-to-use secure data file transfer and network management software. Progress announced the proposed acquisition on March 28th. As part of Progress, Ipswitch will bolster Progress’ core offerings for small and medium-sized businesses (SMBs) and enterprises, enabling those businesses to respond faster to business-critical demands and to improve productivity.
Software stocks are soaring, with a focus on cloud computing. Progress Software Corp. and Intuit Inc. are two companies that have achieved impressive year-to-date growth of over 25%. Progress Software Corp. (PRGS) stock is up over 26% year to date to around $44.80.
Does Progress Software (PRGS) have what it takes to be a top stock pick for momentum investors? Let's find out.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We'll show how you can use Progress Software Corporation's (NASDAQ:PRGS) P/E ratio to inform your assessment of t...
Progress (PRGS), the leading provider of application development and digital experience technologies, today announced the finalists for its 2019 Progress App Innovation Awards. The winners of the App Innovation Awards will be unveiled at ProgressNEXT 2019, the premier event for modern application development, taking place May 6-9, 2019 at the Omni Orlando Resort at ChampionsGate. “Every year, we are amazed by the innovation and creativity we see from our customers and partners,” said Loren Jarrett, Chief Marketing Officer, Progress.
Progress Software is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.