Tag: progress

13
Oct
2020
Posted in software

Looking for a Growth Stock? 3 Reasons Why Progress Software (PRGS) is a Solid Choice

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market’s attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.

In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.

However, it’s pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company’s real growth prospects.

Our proprietary system currently recommends Progress Software (PRGS) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.

Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.

While there are numerous reasons why the stock of this business software maker is a great growth pick right now, we have highlighted three of the most important factors below:

Earnings Growth

Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.

While the historical EPS growth rate for Progress Software is 20.1%, investors should actually focus on the projected growth. The company’s EPS is expected to grow 10% this year, crushing the industry average, which calls for EPS growth of

08
Oct
2020
Posted in technology

Progress makes layoffs at Chef after $220M acquisition, says it remains committed to roadmap

Progress CEO Yogesh Gupta

Business application platform Progress is making an unspecified number of job cuts at Chef after completing its previously announced $220 million acquisition of the Seattle-based enterprise automation technology company this week.

People impacted by the cuts include a portion of Chef’s engineering team, including employees in Seattle and other locations, prompting former colleagues and others in the developer community to rally around them on the #cheffriends hashtag on Twitter.

In an interview with GeekWire this week, Progress CEO Yogesh Gupta said the 40-year-old Boston-area company remains committed to Chef’s product roadmap, open-source projects and business customers, calling Chef a strong cultural match for Progress and “a perfect fit from an overall strategy perspective.”

“We continue to see tremendous potential moving forward with the folks from Chef that have come on board, and the Progress team working together,” he said.

Gupta said Chef’s strengths in enterprise automation and developer operations security (DevSecOps) are especially good complements to Progress’s existing technologies. He expressed optimism that the Progress’s larger scale in areas such as tech support and customer success, as well as its outsized investments in research and development, would further elevate Chef’s efforts.

Pressed for details on the cutbacks, Gupta declined to acknowledge or address any layoffs, saying he was limited in what he could say given Progress’s status as a public company. Based in Bedford, Mass., the company publicly traded on the Nasdaq. However, a spokesperson followed up with a statement from Gupta: “While not everyone from Chef is continuing with the go forward organization, it is our commitment is to treat everyone fairly and respectfully.”

Progress executive Sundar Subramanian will serve as general manager of the Chef business, he said in a post on the Chef blog this week. “I believe Progress can build on what

07
Oct
2020
Posted in technology

Free Pikmin 3 Deluxe Demo Now Live On Switch eShop, Lets You Transfer Progress To Full Game

Pikmin 3 Deluxe launches on Nintendo Switch later this month, but players will have a chance to sample it before then. During today’s Treehouse Live stream, Nintendo announced that a free Pikmin 3 Deluxe demo is coming to the eShop tonight. The demo is now live, and you’ll unlock some things in the full game for playing it.

If you can defeat the final boss at the end of the demo, you’ll unlock the Ultra-Spicy difficulty in the full version of Pikmin 3 Deluxe right from the outset. Ultra-Spicy is a brand-new difficulty option for Pikmin veterans that caps your Pikmin field limit at 60, making the experience more challenging.

Additionally, Nintendo has confirmed that the Pikmin 3 Deluxe demo allows you to carry over your save data to the full game, so you’ll be able to pick up where you left off when it launches.

We learned a few other new details about Pikmin 3 Deluxe during the Treehouse Live stream. Nintendo confirmed that motion controls and pointer functionality will return as optional control methods. The company also showed off some new features being introduced in this Switch version, including the Piklopedia–which catalogues all the enemies you’ve defeated–and the new side story missions starring Olimar and Louie.

Pikmin 3 Deluxe launches on October 30. You can learn more about the game in our Pikmin 3 Deluxe preorder guide.

That wasn’t all that we saw during the Treehouse Live stream. As advertised, the company also showcased more of