Why Progress Software Stock Is Skyrocketing Today
Progress Software (NASDAQ: PRGS) stock is surging in Wednesday's trading, having risen 17.9% as of 11 a.m. ET. The S 500 was flat% at the same point in the daily session, and the Nasdaq Composite was down 0.4%.
After yesterday's market close, Progress published results for the second quarter of its current fiscal year -- which ended May 31. The company posted sales and earnings for the period that beat Wall Street's expectations, and investors are also liking the software specialist's forward guidance.
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Source Fool.com
