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PRGS

Progress Software

$27.70

0.37 (1.35%)

16:16
10/10/16
10/10
16:16
10/10/16
16:16

Progress Software appoints Yogesh Gupta as CEO

Progress announced the appointment of Yogesh Gupta as its new chief executive officer. Phil Pead, Progress' current CEO, is retiring but will continue to serve on the Progress board of directors. Pead has been CEO since December 2012. Prior to joining Progress, Gupta was president and chief executive officer of Kaseya, an IT management cloud software company, from 2013 until 2015. "The board, as part of its annual succession planning, considered both internal and external candidates," the company noted. In connection with his appointment as CEO, the board also elected Gupta as a member of the board of directors. Gupta is not related to Ram Gupta, also a member of the Progress board of directors.

PRGS Progress Software
$27.70

0.37 (1.35%)

01/15/16
BNCH
01/15/16
NO CHANGE
Target $31
BNCH
Buy
Progress Software target raised to $31 on deal likelihood at Benchmark
Benchmark analyst Mark Schappel raised his price target for Progress Software shares to $31 on the likelihood of a takeover after Reuters reported that the company is considering a sale. The analyst believes Progress could be worth $31-$36 per share in a takeover. He keeps a Buy rating on the name.
09/13/16
LTCO
09/13/16
DOWNGRADE
LTCO
Neutral
Progress Software downgraded to Neutral from Buy at Ladenburg
Ladenburg Thalmann analyst Glenn Mattson downgraded Progress Software to Neutral.

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