Progress Software Up 5.9% After Hitting 52-Week High (PRGS)
December 22, 2010 4:24 PM
Shares of Progress Software Corporation (Nasdaq: PRGS) are currently up 5.9 % at $43.58 per share during Wednesday afternoon trading.
The company's stock price began to rise after it forecast 1st quarter earnings per share in the range of 40 cents to 45 cents per share, on revenue in the range of $132 million to $135 million.
Today's trading range for shares of Progress Software Corporation has been between $42.25 and a 52-week high of $45.23 per share.
The consensus price target of analysts covering the company's stock is $42.50 per share.
Volume of 1 million shares is already nearly 4 times the daily average volume of 260,000 shares.
Progress Software Corporation (PRGS) is a global software company that enables enterprises to be operationally responsive to changing conditions and customer interactions as they occur -- to capitalize on new opportunities, drive greater efficiencies and reduce risk.
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