- Progress Software, one of the lowest-profile stocks in the software sector, continues to execute against its ambitious targets.
- The company operates as a portfolio company of sorts, with its principal strategy revolving around buying other software companies.
- Its latest major acquisition, Kemp, added ~10% to its ARR base, and integration is going according to plan.
- The company's ~11x forward P/E, plus positive cash flow that helps to provide firepower for M&A, makes it an attractive investment.
For further details see:
Progress Software: Unconventional, But Powerful