Progress Software Lowers Its Sights

The catalyst for Progress’ shift: activist investor Starboard Value LLP. Starboard’s public letter to new Progress CEO Jay Bhat [link] laid out the ugly financial picture the company had become. PRGS rose substantially after the announced strategy shift, as you’d expect from the promise of a cleaned-up balance sheet. But the hard challenges of future growth remain. First, there’s still no value greater than the sum … Continue reading Progress Software Lowers Its Sights