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Progress Software Corporation (PRGS): A Bear Case Theory 

We came across a bearish thesis on Progress Software Corporation on Valueinvestorsclub.com by MCM20. In this article, we will summarize the bears’ thesis on PRGS. Progress Software Corporation's share was trading at $40.99 as of February 2nd. PRGS’s trailing and forward P/E were 24.65 and 7.03 respectively according to Yahoo Finance.

Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. PRGS presents a challenging...