Several companies are set to report earnings this week, including Cintas, Progress Software, Micron, Worthington Enterprises, and Jefferies Financial. These companies’ financial results will be closely watched by investors, as they could impact the direction of the stock market. Find out what analysts expect from each company and how their stock prices have reacted in after-hours trading.
Progress Software Corp (PRGS) shares jumped in after-hours trading on Tuesday following the company’s strong third-quarter financial results, surpassing revenue and earnings expectations. The company also announced a revised full-year outlook, raising both revenue and earnings guidance.
Progress Software Corporation (PRGS) is set to report its third-quarter earnings on Tuesday, Sept. 24, with analysts expecting strong growth. The company’s recent acquisition of ShareFile for $875 million is expected to boost revenue, and analysts are optimistic about the future. Find out what the top analysts are predicting for PRGS stock.
Progress Software Corporation (PRGS) is acquiring ShareFile, a SaaS-native, AI-powered document-centric collaboration platform, for $875 million. The acquisition is expected to contribute over $240 million in annual revenue and add more than 86,000 customers to Progress. Progress will suspend its quarterly dividend to redirect capital towards debt repayment and future acquisitions. The company expects to meet or exceed its revenue and earnings guidance for the third quarter.
