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Progress Software could be a rewarding long into earnings.Progress Software (NASDAQ:PRGS) is scheduled to announce Q2 earnings results on Thursday, June 27th, after market close. PRGS looks very appealing pre earnings as it has quite a good record of earnings beats and given the fact that the stock is now about to fill post earnings gaps on the chart, we think a notable bounce could be on the way very soon if not tonight. COMPANY ANNOUNCEMENT Progress PRGS, +0.99% the leading provider of application development and digital experience technologies, today announced that Schneider Electric, a $30B global energy management company, has used the Progress® Kinvey® high productivity app development platform to transform its mobile user experience. COMPANY PROFILE Progress Software Corp. engages in the provision of a platform, which develops and deploy mission-critical business applications. It operates through the following business segments: OpenEdge Business; Data Connectivity and Integration; and Application Development and Deployment. The OpenEdge Business segment provides product enhancements and marketing supports for the partners to sell more of its existing solutions to their customers. The Data Connectivity and Integration segment focuses on the growth of the data assets of the company, including its data integration components of the cloud offering. The Application Development and Deployment segment generates net new customers for the application development assets of the company. The company was founded by Joseph Wright Alsop, Clyde Kessel and Charles Arthur Ziering in 1981 and is headquartered in Bedford, MA.
NASDAQ:PRGSLong
by DEXWireNews
1
Progressive (PGR): Auto Insurance Tailwinds Support RallyProgressive Corporation (PGR) is one of the largest auto insurers in the U.S., known for its direct-to-consumer approach and popular advertising campaigns. The company also offers home, renters, and commercial insurance, serving both individuals and businesses. With a focus on digital tools, competitive pricing, and data-driven underwriting, Progressive continues to grow its market share, especially among cost-conscious and tech-savvy customers looking for fast and flexible insurance solutions. The chart recently showed a confirmation bar with rising volume, pushing the stock into the momentum zone—where price breaks above the 0.236 Fibonacci level of the current trend. This move signals increased buying pressure and could suggest the start of a more sustained uptrend if momentum stays strong.
NYSE:PGRLong
by traderspro_charts
TICK Alerting that indicate institutional Buy/Sell ProgramsIn this video I discuss the ticker "TICK" which is a value indicative of the volume of buy and sell programs running through the NYSE. Usually these are great indicators of when institutional wants to push through resistance and support. Ive also seen them used to set the tone for the day in the morning, and also help close where institutional wants at close. In this video we discuss the theory and how to set up alerts to help us be knowledgeable which way the big boys are bumping the pinball machine and can use it to our advantage.
USI:TICK
by Markets-Sniper
4
Progressive Care (USA: $RXMD) Is A Top Choice Penny Stock 👌Progressive Care, Inc., through its subsidiary, Pharmco, LLC, provides prescription pharmaceuticals to individuals and institutions in south Florida. The company operates a retail pharmacy that specializes in the sale of anti-retroviral medications and related patient care management; the sale and rental of durable medical equipment (DME), such as hospital beds, oxygen supplies, power wheelchairs, scooters, walkers, and other related equipment and accessories; and the supply of various prescription medications to long term care facilities. It also provides long term care solutions to skilled nursing facilities, assisted living facilities, retirement centers and communities, doctors' offices, and clinics. In addition, the company purchases, repackages, and dispenses prescription and non-prescription pharmaceutical products for its long term care customers. Further, it offers computerized maintenance of patient prescription histories; third party billing; consultant pharmacist services consisting of evaluation of monthly patient drug therapy and monitoring the institution's drug distribution system, as well as home service and maintenance, defective product replacements, and free home installation and instruction services; and data analytics services to support health care organizations. Progressive Care, Inc. was founded in 2005 and is based in Hallandale Beach, Florida.
RLong
by DEXWireNews
Progressive (PGR)... Time for some Insurance to kick in ??Progressive (PGR), the third-biggest auto insurer in the US. Progressive has been growing its premiums at mid-teens with combined ratios below 91% over the last several years. (from Seeking Alpha) Harmonically we are at an interesting juncture where there appears to be a confluence of two Bullish Harmonic Patterns. We are also at a .618 of the recent range from Feb. 2021 Specifically an Entry point, targets and a recommended stop are marked. The risk reward on this isn't great. I'd like to see it get a head of upward steam. You have to like the overall market in general and FLO's advertising influence in particular. As always do your own due diligence. S.
NYSE:PGRLong
by Steve666
Progress Software Corp ($PRGS) Surges on Strong Q4 FY23 Results Progress Software Corp (NASDAQ: NASDAQ:PRGS ) has emerged as a standout performer in the software industry, with its stock experiencing a notable 1.44% rise following the release of impressive fourth-quarter fiscal year 2023 results. The company's robust financial performance and optimistic outlook for 2024 have captured the attention of investors and analysts alike. Key Financial Highlights: Progress Software reported adjusted earnings per share of $1.02 for the fourth quarter, surpassing analysts' estimates of 91 cents. The company's adjusted revenue growth of 13% reached $177.5 million, outperforming the projected revenue of $174.12 million. These results underscore the company's ability to consistently outpace expectations and deliver strong financial outcomes. Annualized Recurring Revenue (ARR) stood at an impressive $574 million, marking a substantial 17% year-over-year increase on a constant currency basis. The company's effective management of cash and cash equivalents, totaling $127.0 million at the end of the quarter, further demonstrates its solid financial position. Operational Achievements: Progress Software's commitment to operational excellence is evident in its non-GAAP operating margin of 35%, a commendable figure despite a slight dip from 39% the previous year. The successful integration of MarkLogic ahead of schedule and the generation of $175 million in adjusted free cash flow underscore the company's efficient operational management. Strategic Debt Reduction and Future Acquisitions: The company's proactive approach to debt management is noteworthy, as it paid down another $30 million in the fourth quarter, solidifying its financial foundation. With an eye on the future, Progress Software remains well-positioned for strategic acquisitions, a testament to its forward-thinking approach to sustaining growth. Outlook for 2024: Progress Software's bullish outlook for fiscal year 2024 adds to the positive sentiment surrounding the company. The integration of MarkLogic is expected to significantly contribute to full-year results, propelling operating income, cash flow, and revenues. This optimistic forecast positions Progress Software as a key player in the evolving software landscape. Conclusion: Progress Software Corp's strong fourth-quarter fiscal year 2023 performance and optimistic projections for 2024 showcase a company that continues to navigate the dynamic software industry with resilience and strategic acumen. Investors and industry observers will likely keep a close eye on PRGS as it charts a course for sustained growth and innovation in the coming months.
NASDAQ:PRGSLong
by DEXWireNews
Kagels Trading BTC-Analyse und -Prognose 31.08.Liebe Krypto Trader, willkommen bei den Crypto-Insidern. Wir sind 3 ehemalige Studenten, die sich ein Netzwerk aus Experten und Analysten aufgebaut haben, um vom rasanten Kryptomarkt zu profitieren. Hier sehen Sie unsere Prognose für die kommende Woche: Die meisten Trendindikatoren zeigen negative oder keine Zeichen. Außerdem gibt es bärische Divergenzen auf dem 4h- (MACD, CMF) und 1D-Chart (RSI, MOM). Die Support-Trendlinie (c) wurde zunächst negativ durchbrochen, im Anschluss fand ein Retest statt. Damit ist der Uptrend laut diesem einfachen Muster der technischen Analyse an (c) zu Ende. Die Resistenz-Trendlinie (a) bildet zudem die letzte Grenze, an der man den Bärenmarkt verteidigen könnte. Die bärischen und trendlosen Signale durch Indikatoren, in Kombination mit den oben genannten Divergenzen deuten auf ein Retracement hin.
Short
by KarstenKagels
1
PRGS Progress Software Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of PRGS Progress Software Corporation prior to the earnings report this week, I would consider purchasing the 55usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $1.57. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:PRGSShort
by TopgOptions
Programmed PRG breakout Impulse move during Gap LONGIt seems Programmed 'PRG:ASX', finally a breakout of a Corrective ABCDE Triangle on the Daily (Minor Period), has resulted in an Impulse move LONG to form the first Impulse Wave1 on the Minor Period. Based on Support created during 2015, I'm looking for a Wave2 correction/retracement down to the 0.832 or 0.50 Fibonacci level before the Wave3 Impulse run. However due to the fact, the first wave is a gap, and there is no reference charting, the move LONG could continue as a wave1 before a retracement. Price action has not yet dropped below the Ketchup EMA, however, chances are the next candle or few, should drop the price action below the Ketchup. Once Price action crosses the Water EMA, I will consider that confirmation of Wave1 and Wave2 (Minor Period) in progress. All other EMAs are pointing upwards with the RSI inside the 'TDI' bands, at the bottom extreme, pointing downwards, which suggests continued price action move downwards with the 'RSI' from the '64.000' region, which at its last high of '84.0000' suggests price WAS in the overbought position. That, together with the previous price breakout back in 08 of '2013', and the previous triple Elliot Triangle, produces a BULLISH bias to this stock with great expectations. I've gone LONG on this at the current price point, even though the right move would be to wait for wave2 to complete and break structure, I've got a lot of confidence in this company to perform to a level which will increase stock value to at least $5.00 range within the next couple of years, thus doubling my investment for this short-term and providing the trend continues should continue to perform a Wave3 Intermediate, once the Minor Wave5 has completed. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
ASX:PRGLong
by UnknownUnicorn661419
Bearish progressionProgression. It's often a word thrown around by many without the slightest clue what it means... so let's talk about it! Yes; distribution, big resistance, rising wedge. We were looking for shorts yesterday and are now in the move we were looking for. But staying short is a challenge because it should pop back up to test 8739 area. Why? Dunno? That's how double tops work. The price will generally pop after it's lost support and finished forming an M, and then will come back up and test the apex of that M, before coming crashing down. I wouldn't want to be shorting here, as bearish as this looks there are too many zones below here that could cause big pops. Speaking of pops, there is definitely room to play the pop off 7620, but ultimately I'd be looking to get back in short once we fail the apex of the double top. I'm marking this idea as neutral for this morning. I set an alert for 7640
BITSTAMP:BTCUSD
by BTCNN
11
Progress Slows On Once-Hot Ethereum Privacy Projects////ETH has all but given up on being private, we will need fungible assets like XMR to power the smart contracts of the future if we want to retain our privacy from all/// thereum's moon math is showing signs of coming back to earth. Such was the feeling at EthCC, an ethereum developer conference in Paris, Thursday, where a dedicated privacy track struck a somber note compared to years past. Indeed, despite a software upgrade in October that saw improvements built to pave the way for confidentiality, such methods have been shown to exceed ethereum's processing capacity, with the computationally intense cryptography all but bringing the blockchain to its limits. So, while developers like Andrew Miller had predicted a rise in privacy-centric ethereum applications just months ago, the conference showcased how an almost eerie silence has followed as scaling and security obstacles have proven more difficult to solve than foreseen. As evidence, ZoKrates, a programming language aimed to equip average developers with the ability to code private contracts, has struggled to find its way out of the setup phase. Speaking in a presentation today, the code's creator, Jacob Eberhardt, said that ethereum will need to add more cryptographic variables in a system-wide software upgrade for the concept to work. Still, Eberhardt also bemoaned that, given the controversy that can follow such a suggestion, it's perhaps not one that will be adopted quite so easily. "We don't want to keep adding new crypto," Eberhardt said. Matthew Di Ferrante, developer at the Ethereum Foundation and founder of smart contract company ZK Labs, echoed this cautionary tone. In a discussion on the relationship and trade-offs between privacy and scalability on ethereum, Di Ferrante went so far as to warn the audience. "If you think ethereum isn't scalable now, or that blockchains aren't scalable now, the further you get the more alarming it is. Everyone likes to talk about the magic, but not many people can write the code," he said. The statement is notable considering the urgency of the ideas at stake. In particular, zero-knowledge proofs, due to their ability to compress information in a concise format, could eventually work to reduce information on the ethereum blockchain, thus enabling better scaling. According to Di Ferrante, such achievements are still possible, they're just a little further down the line. He told the audience: "Progress is slow but that doesn't mean it's not possible." Waiting for privacy As an example, Di Ferrante pointed to blockchain voting to illustrate the problems faced today. "A vote of a thousand people would require a thousand signatures each a thousand bytes each. You would never be able to check a single signature due to the block gas limit," Di Ferrante said. Such a use case is the core emphasis of Di Ferrante's research, which seeks to anonymize proofs through the use of ring signatures - a way of obscuring information in a retrievable way that works by aggregating the data within a group. Di Ferrante has found that by using bi-linear pairings, a form of elliptic curve that is active within the ethereum virtual machine, various shortcuts in the complex cryptography can be made to minimize the scalability trade-off. However, while his prototype has a working implementation, Di Ferrante told the audience, "It's just ridiculous, it's way too inefficient, if people started using that as a main service the chain would go down again." And that wasn't the only sobering note struck at the conference today. Currently, in order to generate a ZoKrates contract, each individual needs to enact the setup phase themselves, a fact that is perhaps slowing the adoption of zero-knowledge cryptography into businesses built on the ethereum platform. In the generation of a zk-snark, information is produced that could allow the holder of the information to falsely manufacture transactions, providing the data generated by the zk
Short
by Emperor_Penguin