2024-03-11 08:54:59 ET
Summary
- Progress Software is a lesser-known company in the systems software industry that has made significant acquisitions.
- The company faces high levels of competition from larger providers in the industry.
- While the stock is undervalued, long-term growth prospects are not expected to be excellent.
- Also influenced by its balance sheet weakness, my analyst rating for the stock is a Hold.
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Progress Software's Balance Sheet Weakness Stands Out, But The Stock Looks Undervalued