Tony Studio
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.
Progress Software (NASDAQ:PRGS) is one of the lesser-known companies in the systems software industry that has made significant acquisitions that position it with strength. However, I believe its balance sheet could be improved, and it faces high levels of competition from more dominant providers. While I consider the stock to be undervalued at this time, my rating is a Hold due to long-term growth which I do not expect to be excellent.
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