Can the ShareFile Buyout Change PRGS' Fate or is it a Risky Bet?
PRGSProgress(PRGS) ZACKS·2024-09-12 00:57

Progress Software’s (PRGS) shares gained 2.49% and closed at 57.62onSept.10.TheupswingcanbeattributedtoitsplantoacquireShareFilefor57.62 on Sept. 10. The upswing can be attributed to its plan to acquire ShareFile for 875 million.PRGS shares have gained 14% in the past three months outperforming the Zacks Computer – Software industry’s decline of 4.4% and the broader Zacks Computer & Technology sector’s decline of 6.4%.ShareFile specializes in AI-driven, cloud-based document collaboration services for various industries, including business, finance, healthcare, and construct ...