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Progress Software (NASDAQ:PRGS) 株価情報, 空売り情報

Progress Software

Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.

Progress Software Corporation - Common Stock

Progress Software Corp

Jefferies analyst Brent Thill maintains Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Hold and raises the price target from $65 to $70.

News

Price Target

Analyst Ratings

PRGS

Jefferies Maintains Hold on Progress Software, Raises Price Target to $70

Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) will release earnings for its <a href="https://www.benzinga.com/quote/PRGS/earnings">fourth quarter next week</a>.
Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings at $1.22 per share, up from $1.02 per share in the year-ago period. Progress Software projects to report quarterly revenue of $211.44 million, compared to $177.52 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Sept. 24, Progress Software reported better-than-expected third-quarter financial results and raised its FY24 guidance.
Progress Software shares gained 0.9% to close at $65.26 on Friday .
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/PRGS/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Oppenheimer analyst Ittai Kidron maintained an Outperform rating and raised the price target from $70 to $80 on Oct. 22, 2024. This analyst has an accuracy rate of 70%.</li>
<li>Guggenheim analyst Raymond McDonough maintained a Buy rating and raised the price target from $64 to $70 on Sept. 25, 2024. This analyst has an accuracy rate of 73%.</li>
<li>DA Davidson analyst Lucky Schreiner maintained a Buy rating and raised the price target from $65 to $70 on Sept. 25, 2024. This analyst has an accuracy rate of 64%.</li>
<li>Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $68 on Sept. 10, 2024. This analyst has an accuracy rate of 82%.</li>
<li>Jefferies analyst Brent Thill maintained a Hold rating and cut the price target from $60 to $55 on June 26, 2024. This analyst has an accuracy rate of 78%.</li>
</ul>
Considering buying PRGS stock? Here&#8217;s what analysts think:
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Markets

Progress Software Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

6 analysts have expressed a variety of opinions on Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $70.5, with a high estimate of $80.00 and a low estimate of $65.00. Marking an increase of 6.29%, the current average surpasses the previous average price target of $66.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1729620031_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The standing of Progress Software among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Raymond McDonough</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Lucky Schreiner</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Lucky Schreiner</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$68.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Progress Software. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Progress Software compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Progress Software's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
For valuable insights into Progress Software's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PRGS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Progress Software analyst ratings.</a>
<h2>Discovering Progress Software: A Closer Look</h2>
Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
<h3>Understanding the Numbers: Progress Software's Finances</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Progress Software displayed positive results in 3 months. As of 31 August, 2024, the company achieved a solid revenue growth rate of approximately 2.11%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Progress Software's net margin is impressive, surpassing industry averages. With a net margin of 15.93%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Progress Software's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 6.88%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Progress Software's ROA stands out, surpassing industry averages. With an impressive ROA of 1.78%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Progress Software's debt-to-equity ratio stands notably higher than the industry average, reaching 1.91. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>How Are Analyst Ratings Determined?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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Peeling Back The Layers: Exploring Progress Software Through Analyst Insights

Ratings for Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) were provided by 6 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $70.5, a high estimate of $80.00, and a low estimate of $65.00. Witnessing a positive shift, the current average has risen by 6.29% from the previous average price target of $66.33.
<img src="https://www.benzinga.com/files/images/story/2024/1729616417_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of Progress Software by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$80.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Raymond McDonough</td>
<td>Guggenheim</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Lucky Schreiner</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$70.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Ittai Kidron</td>
<td>Oppenheimer</td>
<td>Raises</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Lucky Schreiner</td>
<td>DA Davidson</td>
<td>Maintains</td>
<td>Buy</td>
<td>$65.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$68.00</td>
<td>$68.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Progress Software. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Progress Software compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Progress Software's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
To gain a panoramic view of Progress Software's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PRGS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Progress Software analyst ratings.</a>
<h2>Get to Know Progress Software Better</h2>
Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
<h3>A Deep Dive into Progress Software's Financials</h3>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Progress Software's revenue growth over a period of 3 months has been noteworthy. As of 31 August, 2024, the company achieved a revenue growth rate of approximately 2.11%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Progress Software's net margin excels beyond industry benchmarks, reaching 15.93%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Progress Software's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 6.88%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Progress Software's ROA stands out, surpassing industry averages. With an impressive ROA of 1.78%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Progress Software's debt-to-equity ratio surpasses industry norms, standing at 1.91. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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Key Takeaways From Progress Software Analyst Ratings

Oppenheimer analyst Ittai Kidron maintains Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Outperform and raises the price target from $70 to $80.

Oppenheimer Maintains Outperform on Progress Software, Raises Price Target to $80

Disclosed in a recent SEC filing on October 17, Gupta, Chief Executive Officer at Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>), made a noteworthy transaction involving the exercise of company stock options.
What Happened: Gupta, Chief Executive Officer at Progress Software, made a strategic move by exercising stock options for 69,195 shares of PRGS as detailed in a Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0000876167/000087616724000162//Archives/edgar/data/876167/000087616724000162/0000876167-24-000162-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $1,082,209.
The Friday morning update indicates Progress Software shares down by 0.0%, currently priced at $66.33. At this value, Gupta's 69,195 shares are worth $1,082,209.
<h3>Discovering Progress Software: A Closer Look</h3>
Progress Software Corporation is a provider of cloud-based security solutions to large-and mid-sized organizations in a wide range of industries. Its product includes OpenEdge; Chef; Developer Tools; Kemp LoadMaster; MOVEit; DataDirect; WhatsUp Gold; Sitefinity; Flowmon and Corticon. The company derives revenue from perpetual licenses to its products, but some products also use term licensing models. Its cloud-based offerings use a subscription-based model. A majority of the firm's revenue is generated in the United States and it also has presence in Canada, the Middle East, and Africa (EMEA), Latin America, and Asia Pacific.
<h3>A Deep Dive into Progress Software's Financials</h3>
Revenue Growth: Progress Software displayed positive results in 3 months. As of 31 August, 2024, the company achieved a solid revenue growth rate of approximately 2.11%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: With a high gross margin of 83.73%, the company demonstrates effective cost control and strong profitability relative to its peers.
</li>
<li>
Earnings per Share (EPS): Progress Software's EPS is below the industry average. The company faced challenges with a current EPS of 0.66. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: Progress Software's debt-to-equity ratio is below the industry average at 1.91, reflecting a lower dependency on debt financing and a more conservative financial approach.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 35.66 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 4.11 is lower than the industry average, implying a discounted valuation for Progress Software's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Progress Software's EV/EBITDA ratio at 15.02 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000876167">Check Out The Full List Of Progress Software's Insider Trades.</a>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Yogesh Gupta At Progress Software Decides to Exercises Options Worth $1.08M

Synopsys (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/snps#NASDAQ">SNPS</a>) shares have experienced a pullback in recent times, with shares now trading 19.7% below its 52-week high of $629.38 achieved on Sept. 30.
Over the past three months, Synopsys shares have plunged 16.9%, underperforming the broader Zacks Computer &amp; Technology Sector&#39;s decline of 1.1% and the Zacks Computer &ndash; Software industry&#39;s fall of 2.7%.
Synopsys is currently facing several challenges, including a rise in cost of revenues and operating expenses. In the third quarter of fiscal 2024, these costs increased to $1.17 billion compared to $1.01 billion in the same period last year. This sharp rise has raised concerns about the company&#39;s ability to manage its rising costs effectively.
SNPS faces intense competition in the semiconductor and electronic design automation (EDA) space, which has been a headwind. Delays in realizing synergies from recent acquisitions have been a concern.
<div class="chart_embed">
<h2>Synopsys, Inc. Price and Consensus</h2>
<img alt="Synopsys, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/2b/1727786842.png" style="height:278px; width:620px" title="" />
Synopsys, Inc. price-consensus-chart | Synopsys, Inc. Quote
Does the dip in SNPS shares make the stock attractive? Let&#39;s analyze.
</div>
<h2>Synopsys Prospects Ride on Strong Portfolio</h2>
Synopsys&#39; innovative product lineup is expected to boost its prospects. The shift toward hybrid working is driving demand for higher bandwidth, which bodes well for the company&#39;s solutions. The rising demand for AI, 5G and IoT benefits SNPS&#39; prospects.
Synopsys reported strong revenues in the third quarter of fiscal 2024, with revenues increasing 13% year over year to $1.53 billion, in line with the Zacks Consensus Estimate.
SNPS anticipates achieving approximately 15% revenue growth for fiscal 2024. For fiscal 2024, it expects revenues between $6.105 billion and $6.135 billion.
The Zacks Consensus Estimate for revenues is pegged at $6.13 billion, indicating year-over-year growth of 4.93%.
For fiscal 2024, non-GAAP earnings are expected in the range of $13.07-$13.12 per share. The consensus mark for earnings is pegged at $13.12 per share, unchanged over the past 30 days.
For the fourth quarter of 2024, Synopsys expects revenues between $1.614 billion and $1.644 billion. The Zacks Consensus Estimate for fourth-quarter fiscal 2024 is currently pegged at 3.28 per share, up by a penny over the past 30 days.
Non-GAAP earnings are expected to be between $3.27 per share and $3.32 per share. The consensus mark for fourth-quarter fiscal 2024 revenues is pegged at $1.62 billion, indicating year-over-year growth of 1.01%.
<h2>Will Acquisitions Help SNPS Stock Rebound?</h2>
Synopsys has made several acquisitions to expand its product portfolio and drive growth. Over the past five years, it acquired more than 15 companies, including Intrinsic ID and Valtrix in 2024.&nbsp;
Synopsys is in the process of acquiring ANSYS (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/anss#NASDAQ">ANSS</a>), a move designed to strengthen its Silicon to Systems strategy, particularly in sectors such as automotive, aerospace and industrial. This acquisition is expected to expand Synopsys&#39; customer base and enhance its product offerings.
<h2>Slowing Top-Line Growth, Stiff Competition Concerns for SNPS</h2>
Synopsys&#39; Design Automation segment saw slower growth in the third quarter of fiscal 2024. Revenues from this segment increased a modest 6% year over year, reaching $1.06 billion. In comparison, the same segment saw 23% growth in the third quarter of fiscal 2023, reaching $1.0 billion.
This downturn was due to tough competition in the EDA market, where Synopsys competes with major players like Cadence Design Systems (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>) and Mentor Graphics.&nbsp;
Unfavorable forex and a challenging macroeconomic environment are major deterrents for investors.
<h2>Zacks Rank &amp; Valuation</h2>
Synopsys currently carries a Zacks Rank #3 (Hold), suggesting that it may be wise to wait for a more favorable entry point in the stock.
Its Value Score of D indicates a stretched valuation at this moment.
In terms of forward Price/Earnings, SNPS is currently trading at 34.82X, higher than the broader sector&#39;s 32.33X.
<h2>A Top-Ranked Stock to Consider</h2>
Progress Software (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prgs#NASDAQ">PRGS</a>) is a better-ranked stock in the broader sector, sporting a Zacks Rank #1 (Strong Buy).
Long term earnings growth rate is currently pegged at 2%. Progress Software shares have appreciated 23.2% year to date.
<a href="https://www.zacks.com/stock/news/2344135/snps-drops-20-from-52-week-high-is-the-stock-worth-buying-on-dip?cid=CS-BENZ-FT-analyst_blog|rank_focused-2344135">To read this article on Zacks.com click here.</a>

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SNPS

SNPS Drops 20% From 52-Week High: Is the Stock Worth Buying on Dip?

As of Sept. 26, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</h3>
<ul>
<li>After the closing bell on Wednesday, Micron reported better-than-expected fourth-quarter financial results. The company reported fourth-quarter revenue of $7.75 billion, beating the consensus estimate of $7.635 billion. The company reported fourth-quarter adjusted earnings of $1.18 per share, beating analyst estimates of $1.13 per share, according to Benzinga Pro. "Micron delivered 93% year-over-year revenue growth in fiscal Q4, as robust AI demand drove a strong ramp of our data center DRAM products and our industry-leading high bandwidth memory. Our NAND revenue record was led by data center SSD sales, which exceeded $1 billion in quarterly revenue for the first time," said Sanjay Mehrotra, president and CEO of Micron. The company's stock gained around 7% over the past five days and has a <a href="https://www.benzinga.com/quote/MU">52-week high of $157.54</a>.</li>
<li>RSI Value: 70.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>MU Price Action: Shares of Micron gained 1.9% to close at $95.77 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Progress Software Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>)</h3>
<ul>
<li>On Sept. 24, Progress Software reported better-than-expected financial results for the third quarter. "This is a very exciting time for Progress. Our Q3 results were ahead of our guidance, and I am extremely pleased with our execution during the quarter," said Yogesh Gupta, CEO of Progress. The company's stock gained around 10% over the past five days and <a href="https://www.benzinga.com/quote/PRGS">has a 52-week high</a> of $65.84.</li>
<li>RSI Value: 85.64</li>
<li>PRGS Price Action: Shares of Progress Software rose 11.9% to close at $63.92 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Zeta Global Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>)</h3>
<ul>
<li>On Sept. 23, DA Davidson analyst Clark Wright maintained Zeta Global with a Buy and raised the price target from $30 to $35. The company's stock gained around 18% over the past month and has a <a href="https://www.benzinga.com/quote/ZETA">52-week high </a>of $30.47.</li>
<li>RSI Value: 71.60</li>
<li>ZETA Price Action: Shares of Zeta Global fell 2% to close at $29.63 on Wednesday.</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41024505/top-5-industrials-stocks-that-may-collapse-in-q3">Top 5 Industrials Stocks That May Collapse In Q3</a></li>
</ul>

Long Ideas

Pre-Market Outlook

ZETA

Top 3 Tech Stocks That Are Ticking Portfolio Bombs

Guggenheim analyst Raymond McDonough maintains Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Buy and raises the price target from $64 to $70.

Guggenheim Maintains Buy on Progress Software, Raises Price Target to $70

DA Davidson analyst Lucky Schreiner maintains Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Buy and raises the price target from $65 to $70.

DA Davidson Maintains Buy on Progress Software, Raises Price Target to $70

U.S. stocks were mixed, with the Dow Jones index falling around 0.2% on Wednesday.
Shares of Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) rose sharply during Wednesday's session after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price <a href="https://www.benzinga.com/quote/HPE/analyst-ratings">target from $20 to $24</a>.
Hewlett Packard Enterprise shares jumped 5.5% to $19.92 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>SBC Medical Group Holdings Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBC#NASDAQ">SBC</a>) shares jumped 26.2% to $8.37.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) gained 21.8% to $11.09. Maxim Group and Oppenheimer increased price targets on the stock.</li>
<li>Cipher Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) gained 15.5% to $3.9750. Northland Capital Markets analyst Mike Grondahl initiated coverage on Cipher Mining with an Outperform rating and announced a price target of $6.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) jumped 14% to $5.61.</li>
<li>Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) shares jumped 12.9% to $64.52 after Oppenheimer raised its price target on the stock from $66 to $70. The stock is also moving on continued strength following strong third-quarter earnings and guidance yesterday.</li>
<li>Xiao-I Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) gained 10.8% to $4.98.</li>
<li>Biohaven Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NASDAQ">BHVN</a>) surged 9% to $49.09. Biohaven recently announced its study of Troriluzole for the treatment of spinocerebellar ataxia in achieved the primary endpoint.</li>
<li>Flutter Entertainment plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NASDAQ">FLUT</a>) surged 8.3% to $246.99. Flutter Entertainment outlined long-term growth plan and up to $5 billion share repurchase program authorization.</li>
<li>Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) gained 8% to $8.20. The company announced its electron low Earth orbit mission on Friday Sept. 20th.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 7.6% to $13.77.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) climbed 7.5% to $5.11.</li>
<li>Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) gained 7% to $40.26.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) gained 5.4% to $14.13.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) gained 4% to $23.73.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares rose 3% to $124.44. The company's CEO Jensen Huang adopted a Rule 10b5-1 trading plan earlier this year. According to a Barron's report, the Nvidia CEO has completed selling the maximum number of shares under the plan several months early.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41024505/top-5-industrials-stocks-that-may-collapse-in-q3">Top 5 Industrials Stocks That May Collapse In Q3</a></li>
</ul>

Intraday Update

Movers

AIXI

BHVN

CAPR

CIFR

FLUT

INTC

MNSO

NVDA

POET

RKLB

RZLV

UPST

Hewlett Packard Enterprise, Nvidia, Progress Software And Other Big Stocks Moving Higher On Wednesday

WIIM

Progress Software shares are trading higher after Oppenheimer raised its price target on the stock form $66 to $70. The stock is also moving on continued strength following strong Q3 earnings and guidance yesterday.

Oppenheimer analyst Ittai Kidron maintains Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) with a Outperform and raises the price target from $66 to $70.

Oppenheimer Maintains Outperform on Progress Software, Raises Price Target to $70

OCTO: 83% &#x7C; <a href="https://www.benzinga.com//node/41021202">Eightco Holdings Stated That It Has Made Significant Progress In 2024 By Improving Its Balance Sheet, Most Notably Through The Elimination Of $5.4M In Convertible Notes And Increasing Shareholder Equity By $23M</a>
&nbsp;
PRGS: 11% &#x7C; <a href="https://www.benzinga.com//node/41015137">Progress Software Stock Jumps On Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More</a>
&nbsp;
TH: -35% &#x7C; <a href="https://www.benzinga.com//node/41022067">Target Hospitality shares are trading lower after the company announced that the Company's Board of Directors has determined to disband the Special Committee.</a>
&nbsp;
&nbsp;

OCTO

Market-Moving News for September 25th

With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) to report quarterly earnings at 95 cents per share on revenue of $2.5 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Cintas shares rose 0.5% to $205.93 in after-hours trading.</li>
<li>Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) <a href="https://www.benzinga.com/news/earnings/24/09/41015137/progress-software-stock-jumps-on-q3-earnings-revenue-beat-eps-beat-raised-guidance-and-more">reported</a> better-than-expected third-quarter financial results and raised its FY24 outlook. The company said it now sees full-year adjusted revenue in the range of $745 million to $755 million, up from a prior forecast of $725 million to $735 million. The company also raised its full-year earnings outlook to a range of $4.75 to $4.85 per share, up from a prior outlook of $4.70 to $4.80 per share. Progress Software shares gained 5.2% to $60.11 in the after-hours trading session.</li>
<li>Analysts expect Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) to post quarterly earnings at $1.13 per share on revenue of $7.64 million after the closing bell. Micron shares gained 0.8% to $94.77 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) reported weaker-than-expected financial results for the first quarter. Worthington shares fell 4% to $43.47 in the after-hours trading session.</li>
<li>Analysts are expecting Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) to post quarterly earnings at 78 cents per share on revenue of $1.71 billion. The company will release earnings after the closing bell. Jefferies Financial shares gained 0.7% to $62.90 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41003853/wall-streets-most-accurate-analysts-views-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Wikimedia

CTAS

Cintas, Micron Technology And 3 Stocks To Watch Heading Into Wednesday

Progress Software Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) shares are trading higher in Tuesday&#8217;s after-hours session after the company reported better-than-expected <a href="https://www.benzinga.com/pressreleases/24/09/g41014181/progress-announces-third-quarter-2024-financial-results">financial results for the third quarter</a>.
<ul>
<li>Q3 Revenue: $178.69 million, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $175.94 million</li>
</ul>
<ul>
<li>Q3 EPS: $1.26, versus estimates of $1.14</li>
</ul>
Total revenue was up 2% on a year-over-year basis. Annualized recurring revenue totaled $582 million, &#8220;relatively flat&#8221; on a constant currency basis. Operating margin was 23%, while adjusted operating margin was 41%. 
Progress Software said it ended the quarter with $232.7 million in cash and cash equivalents. 
&#8220;This is a very exciting time for Progress. Our&nbsp;Q3&nbsp;results were ahead of our&nbsp;guidance, and I am extremely pleased with our execution during the quarter,&#8221; said Yogesh Gupta, CEO of Progress. 
&#8220;What&#8217;s more exciting is our proposed acquisition of ShareFile, which we announced two weeks ago. We expect the deal to close before the end of our fiscal year, and we are eager to begin the work of integrating ShareFile&#8217;s people and products into the Progress team.&#8221;
See Also: <a href="https://www.benzinga.com/news/earnings/24/09/41014297/stitch-fix-stock-falls-after-q4-results-heres-why">Stitch Fix Stock Falls After Q4 Results: Here&#8217;s Why</a>
Outlook: Progress Software expects fourth-quarter adjusted revenue to be between $207 million and $217 million. The company anticipates fourth-quarter adjusted earnings of $1.15 to $1.25 per share.
Progress also raised its full-year guidance. The company now sees full-year adjusted revenue in the range of $745 million to $755 million, up from a prior forecast of $725 million to $735 million. The company also raised its full-year earnings outlook to a range of $4.75 to $4.85 per share, up from a prior outlook of $4.70 to $4.80 per share. 
According to <a href="http://pro.benzinga.com">Benzinga Pro</a>, analysts are currently anticipating full-year revenue of $730.02 million and full-year earnings of $4.75 per share.
Management will hold a conference call to discuss these results at 5 p.m. ET.
PRGS Price Action: At publication time, <a href="http://benzinga.com/quote/prgs">Progress Software shares</a> were up 4.29% at $59.60 in after-hours trading, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Guidance

After-Hours Center

Progress Software Stock Jumps On Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance And More

Progress Software shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 guidance.

Progress Software Raises FY24 Adj Revenue Forecast From $725M - $735M To $745M - $755M (Est $730.02M), Adj EPS From $4.70 - $4.80 To $4.75 - $4.85  (Est $4.75)

Progress Software Expects Q4 Adj Revenue Of $207M - $217M, Adj EPS Of $1.15 - $1.25

Progress Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $1.14 by 10.53 percent. This is a 16.67 percent increase over earnings of $1.08 per share from the same period last year. The company reported quarterly Adj sales of $178.69 million which beat the analyst consensus estimate of $175.94 million by 1.56 percent. This is a 1.65 percent increase over sales of $175.78 million the same period last year.

Earnings Beats

Progress Software Q3 2024 Adj EPS $1.26 Beats $1.14 Estimate, Adj Sales $178.69M Beat $175.94M Estimate

In a report released today, Lucky Schreiner from D.A. Davidson reiterated a Buy rating on Progress Software (PRGS – Research Report), with a price ...

D.A. Davidson Sticks to Their Buy Rating for Progress Software (PRGS)

Progress announced the appointment of Amanda Arria as Chief People Officer, CPO, effective October 28, 2024. In her new role, Arria will be respons...

Progress Software appoints Arria to the role of Chief People Officer

The latest update is out from Progress Software ( ($PRGS) ). Progress Software Corporation has successfully acquired ShareFile from Cloud Software ...

Progress Software Expands with ShareFile Acquisition

Progress announced 10 years of partnership with emt Distribution. Together, they have empowered hundreds of organizations across the region, spanni...

Progress Software announces ten years of partnership with emt Distribution

Progress announced new capabilities and enhancements in the latest release of Progress Sitefinity. With this release, Sitefinity introduces native ...

Progress Software announces enhancements in latest Progress Sitefinity release

The cloud computing industry has seen explosive growth in recent years, fueled by usage by thousands of organizations and users. So, does Nutanix's (NTNX) leading position in the thriving cloud industry make it a prime investment opportunity? Read on… Cloud computing has significantly reshaped the technological landscape in recent years. <a href="https://edgedelta.com/company/blog/how-many-companies-use-cloud-computing-in-2024">More than 90% of organizations</a> rely on cloud services to enhance efficiency and drive innovation. This widespread adoption of cloud technology is fueling a digital revolution, impacting businesses and industries worldwide.
Moreover, Fortune Business Highlights forecasts the cloud computing market to hit $2.29 trillion by 2032, growing at <a href="https://www.fortunebusinessinsights.com/cloud-computing-market-102697">a CAGR of 16.5%</a>. These projections cement the cloud sector's bright future.
In line with this, Nutanix, Inc. (<a href="https://stocknews.com/stock/NTNX/">NTNX</a>) stands at the forefront of the cloud computing industry, owing to its aggressive expansion into AI capabilities and major partnerships in the pipeline. NTNX is well-positioned to benefit from the cloud computing market's robust growth prospects and seems a wise choice for growth-focused investors.
The company's impressive growth over the past year highlights its potential. The stock surged 3.4% in the past three months and 56.5% over the last year, closing at $65.02 in the latest trading session. These gains reflect NTNX's ability to capitalize on the sector's continued expansion.
So, let us take a closer look at the factors that could influence NTNX's performance in the near future.
Recent Developments
On November 12, NTNX announced the expansion of its AI infrastructure platform with <a href="https://ir.nutanix.com/news-releases/news-release-details/nutanix-extends-ai-platform-public-cloud">Nutanix Enterprise AI</a>, a new cloud-native offering. This new offering can be deployed on any Kubernetes platform, at the edge, in core data centers, and on public cloud services like AWS EKS, Azure AKS, and Google GKE.
With AI involvement in cloud services thriving, new offerings like these are set to place NTNX in a dominant market position and enable stable growth prospects.
On November 7, NTNX <a href="https://ir.nutanix.com/news-releases/news-release-details/nutanix-expands-partnership-aws">announced an extended partnership</a> with Amazon Web Services, Inc. (AWS) to facilitate cloud migration and provide options for customers managing workloads across on-premises and cloud environments.
With AWS at the forefront of cloud infrastructure, this partnership should benefit NTNX to capture a more involved role in the competitive cloud industry and enhance its future growth.
Strong Financials
For the fiscal 2025 first quarter that ended October 31, 2024, NTNX's total revenue increased 15.6% year-over-year to $590.96 million. Its adjusted gross profit rose 17,7% from the year-ago value to $517.09. Moreover, the company's adjusted income from operations increased 48.7% year-over-year to $118.22.
In addition, NTNX's adjusted net income and adjusted net income per share rose 43.2% and 44.8% from the prior year's quarter to $121.77 and $0.42. As of October 31, 2024, the company's current total assets amounted to $1.52 billion, compared to $1.48 billion on July 31, 2023.
Favorable Analyst Estimates
Analysts predict NTNX's revenue and <a href="https://www.investopedia.com/terms/e/eps.asp">EPS</a> for the fiscal 2025 second quarter (ending January 2025) to rise by 13.5% and 2.5% year-over-year, reaching $641.76 million and $0.47, respectively. The company has consistently exceeded the consensus revenue and EPS estimates in each of the four trailing quarters, which is noteworthy.
For the full fiscal year ending July 2025, NTNX's revenue and EPS are expected to grow 14.4% and 14.3% from the previous year, reaching $2.46 billion and $1.50, respectively. The impressive growth reflects the company's strong performance and ongoing upward momentum.
Looking further ahead to the next fiscal year ending in July 2026, NTNX is projected to see additional growth, with revenue and EPS forecasted to rise by 16.3% and 24.4%, reaching $2.86 billion and $1.86, respectively.
High Profitability
NTNX's trailing-12-month gross profit margin of 85.44% is 68.3% higher than the industry average of 50.76%. Its trailing-12-month levered FCF margin stands at 14.82%, 31.9% higher than the industry average of 11.23%.
Additionally, NTNX's trailing-12-month asset turnover ratio of 0.94x outperforms the industry average of 0.61x by 53.3%. Moreover, the company boasts a trailing-12-month ROTC of 10.21%, which is 225% above the sector average of 3.14%.
POWR Ratings Reflects Optimism
NTNX's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
NTNX has an A grade for Quality, which is in sync with its impressive profitability metrics that surpass the industry average. Moreover, it has a B grade for Sentiment, as shown by the optimistic analyst estimates.
Within the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, NTNX is ranked #10 out of 128 stocks. Beyond what is stated above, we have also given NTNX grades for Momentum, Value, Growth, and Stability. Get all NTNX ratings <a href="https://stocknews.com/stock/NTNX/">here</a>.
Bottom Line
NTNX has marked its territory as a formidable force in the cloud computing industry, owing to its expansion into AI capabilities and major partnerships in the pipeline. With a consistent track record of profitability, the company is well-positioned to capitalize on the growing cloud technology market, further enhancing its competitive edge.
Given NTNX's high profitability and optimistic analyst estimates, it could be an attractive buy for investors seeking growth potential.
How Does Nutanix, Inc. (NTNX) Stack Up Against Its Peers?
Although NTNX's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who currently exhibit strong POWR Ratings. So, consider these A (Strong Buy) and B-rated (Buy) stocks from the <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry:
Progress Software Corporation (<a href="https://stocknews.com/stock/PRGS/">PRGS</a>)
Docebo Inc. (<a href="https://stocknews.com/stock/DCBO/">DCBO</a>)
IBEX Ltd. (<a href="https://stocknews.com/stock/IBEX/">IBEX</a>)
To explore more A or B-rated Software - Application stocks, <a href="https://stocknews.com/category/software-application/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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NTNX shares were trading at $66.45 per share on Monday afternoon, up $1.17 (+1.79%). Year-to-date, NTNX has gained 39.34%, versus a 28.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/ntnx-prgs-dcbo-ibex-is-nutanixs-position-in-cloud-computing-a-buy-signal/>Is Nutanix's Position in Cloud Computing a Buy Signal?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Nutanix's Position in Cloud Computing a Buy Signal?

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Innovative solutions are revolutionizing sectors around the globe and bringing in a new industrial revolution. In this thriving landscape, should PTC Inc. (PTC), with its industry-leading software offerings, be on your radar? Read on… Industries worldwide are going through a digital transformation fueled by transformative capabilities of Artificial Intelligence (AI), global connectivity, advanced analytics, automation, and advanced manufacturing technology. The transformation has aptly been named <a href="https://www.weforum.org/about/the-fourth-industrial-revolution-by-klaus-schwab/">the Fourth Industrial Revolution</a> or Industry 4.0, shaping a new era of innovation and making massive contributions to the economy itself.
Amid this transformation, PTC Inc. (<a href="https://stocknews.com/stock/PTC/">PTC</a>) stands out as a pioneer in the aforementioned fields owing to its wide range of software solutions that are fueling the engine of Industry 4.0. The company offers <a href="https://www.ptc.com/en/technologies/cad">Computer-aided design</a> (CAD) software solutions that digitally create 2D drawings and 3D models of real-world products before they are even manufactured, enhancing product development and R&amp;D processes.
Moreover, PTC also offers <a href="https://www.ptc.com/en/technologies/plm">Product lifecycle management</a> (PLM) solutions to streamline product development by enabling geographically dispersed, multidisciplinary teams to strategically collaborate with partners and customers using trusted, up-to-date product information.
That being said, PTC's stock climbed 1.8% over the past six months and gained 5% over the past year, closing the last trading session at $184.50.
Now, let us delve deeper into the factors that could shape PTC's performance in the near future.
Recent Developments
On December 3, PTC <a href="https://investor.ptc.com/resources/news/news-details/2024/PTC-Partners-with-Microsoft-and-Volkswagen-Group-to-Develop-Codebeamer-Generative-AI-Copilot/default.aspx">announced a partnership</a> with Microsoft Corporation (<a href="https://stocknews.com/stock/MSFT/">MSFT</a>) and Volkswagen AG (<a href="https://stocknews.com/stock/VWAGY/">VWAGY</a>) to develop a GenAI copilot based on the PTC Codebeamer&#xAE; application lifecycle management (ALM) solution. Codebeamer Copilot is aimed at supporting software development in physical products by making creation and product requirements more efficient.
The partnership is set to amplify the value of Codebeamer by embedding GenAI with Microsoft Azure AI capabilities and strengthen PTC's position in the booming AI market.
On September 25, PTC entered into a <a href="https://investor.ptc.com/resources/news/news-details/2024/PTC-Announces-Strategic-Collaboration-Agreement-with-AWS-to-Help-Companies-Design-Products-Faster-and-Easier-with-Onshape/default.aspx">strategic collaboration agreement</a> with Amazon Web Services (AWS) aimed at accelerating the growth of its Onshape&#xAE; cloud-native computer-aided design (CAD) and product data management (PDM) solution.
The collaboration could enhance the company's Onshape solution, customer adoption programs, and AI initiatives, resulting in strong user growth.
Sound Historical Growth
Over the past five years, PTC has demonstrated consistent growth across key financial metrics. Its revenue grew at a CAGR of 12.9%, while EBITDA rose at a 29.3% CAGR. Moreover, operational income (EBIT) and total assets expanded at a CAGR of 38.2% and 19.1%, respectively.
Strong Financials
For the fiscal 2024 fourth quarter that ended September 30, PTC's total revenue increased 14.6% year-over-year to $626.55 million. Its non-GAAP gross margin rose 18.6% from the year-ago value to $528.84 million. The company's non-GAAP operating income grew 37.8% from the prior year's quarter to $276.56 million.
Additionally, non-GAAP net income and non-GAAP EPS increased 29.1% and 28.3% year-over-year to $186.06 million and $1.54, respectively. As of September 30, 2024, PTC's total assets amounted to $6.38 billion compared to $6.29 billion on September 30, 2023.
Favorable Analyst Estimates
Analysts expect PTC's revenue for the fiscal 2025 first quarter ending December 2024 to increase marginally year-over-year to $555.51 million. Its EPS is expected to come in at $0.90 for the same period. Moreover, the company exceeded the consensus EPS estimates in each of the four trailing quarters, which is noteworthy.
For the full fiscal year ending September 2025, PTC's revenue and EPS are expected to rise 10.9% and 16.1% from the previous year, reaching $2.55 billion and $5.90, respectively.
High Profitability
PTC's trailing-12-month <a href="https://www.investopedia.com/terms/g/gross_profit_margin.asp">gross profit margin</a> of 80.65% is 58.2% higher than the industry average of 50.98%. Its trailing-12-month EBITDA margin stands at 30.42%, 193.1% higher than the industry average of 10.38%.
In addition, the company boasts a trailing-12-month net income margin of 16.37%, which is 333.7% higher than the sector average of 3.78%. Also, the stock's trailing-12-month ROCE of 12.78% outperforms the industry average of 4.36% by 192.7%.
POWR Ratings Reflects Optimism
PTC's sound fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which equates to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
PTC has a B grade for Quality, supported by profitability measures that exceed industry benchmarks. Its B grade for Momentum further underscores strong technical performance, with the stock trading above its 100-day moving average of $183.83 and 200-day moving average of $181.78.
Furthermore, PTC has a B grade for Growth, which is in line with its impressive historical growth. Within the B-rated <a href="https://stocknews.com/category/software-application/">Software - Application</a> industry, PTC is ranked #39 out of 125 stocks.
Beyond what is stated above, we have also given PTC grades for Stability, Sentiment, and Value. Get all PTC ratings <a href="https://stocknews.com/stock/PTC/">here</a>.
Bottom Line
PTC has established itself as an industry leader for more than 30 years through its software product offerings that have contributed immensely to driving digital transformation across different industries.
With its cutting-edge technological innovations, robust financials, impressive growth metrics, and sustained profitability, PTC stands out as a compelling investment opportunity. Its stable momentum further underscores why now might be the perfect time to consider adding PTC to one's portfolio.
How Does PTC Inc. (PTC) Stack Up Against Its Peers?
Although PTC's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who also exhibit even stronger POWR Ratings. So, consider these A (Strong Buy) rated stocks from the Software - Application industry:
Progress Software Corporation (<a href="https://stocknews.com/stock/PRGS/">PRGS</a>)
IBEX Limited (<a href="https://stocknews.com/stock/IBEX/">IBEX</a>)
Heartcore Enterprises, Inc. (<a href="https://stocknews.com/stock/HTCR/">HTCR</a>)
To explore more A or B-rated Software - Application stocks, <a href="https://stocknews.com/category/software-application/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
PTC shares were unchanged in premarket trading Monday. Year-to-date, PTC has gained 5.45%, versus a 26.79% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/ptc-prgs-ibex-htcr-msft-vwagy-should-ptc-inc-be-on-your-radar-as-a-leader/>Should PTC Inc. Be on Your Radar as a Leader in Digital Transformation?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Should PTC Inc. Be on Your Radar as a Leader in Digital Transformation?

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