Progress Software stock hits 52-week low at 42.88 USD

Progress Software Corporation has reached a new 52-week low, with its stock price touching 42.88 USD. This milestone comes amidst a challenging year for the company, as reflected in its 1-year change data, which shows a decline of 24.52%. Despite the downturn, InvestingPro analysis indicates the company maintains impressive gross profit margins of 85.7% and achieved robust revenue growth of 22.1% over the last twelve months. The software company, known for its business application development and deployment technologies, has faced various market pressures contributing to the downward trend in its stock value. Investors and market analysts are closely watching how Progress Software navigates these challenges to potentially recover from this low point. According to InvestingPro Fair Value analysis, the stock appears undervalued at current levels, with analyst price targets ranging from $57 to $83. Get access to 8 more exclusive ProTips and comprehensive analysis with an InvestingPro subscription.

In other recent news, Progress Software Corporation reported its second-quarter earnings for fiscal year 2025, exceeding expectations with an earnings per share (EPS) of $1.40, surpassing the projected $1.30. However, the company’s revenue slightly missed estimates, recording $237 million against the anticipated $237.53 million. Additionally, Progress Software has expanded its revolving credit facility to $1.5 billion, up from the previous $900 million, with the new agreement extending the maturity date to July 31, 2030. On the analyst front, Citi has lowered its price target for Progress Software to $57, maintaining a Neutral rating, citing concerns over cash flow and revenue declines. Meanwhile, DA Davidson reiterated a Buy rating and raised its price target to $75, highlighting the company’s consistent business strength. These developments reflect ongoing evaluations and adjustments in the financial community regarding Progress Software’s performance and prospects.

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