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Progress Software Corporation Message Board

  • hageneriksson hageneriksson Jun 26, 2013 4:35 PM Flag

    a great chance to short the stock here as some newswires caught the guidance wrong

    quarter was slightly better than expected and guidance also calls for slight core revenue growth going forward which is also better than current analyst estimates. But the margin guidance is once again far below expectations and below what management has guided for in previous calls.

    will listen to the conference call to get some more insight but based on earnings and guidance I wouldn't expect the stock to hold to the current after hours gains.

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    • does anyone know anything about the management of this company? Is there ANY pedigree at all? Has any of them turned a firm around before? Looks like one divestiture after another......from what I understand, almost handing the technology to other firms....any comment would be helpful thanks

    • most analysts on the call seemed quite happy with results and guidance, especially license revenues obviously came in above most estimates

      on the other hand the Jefferies analyst calculated the core revenue base from which revenues are projected to grow by 2 to 4% next quarter at just $74.4 mln which was confirmed by management.

      The Apama divestment will bring ongoing margin pressures at least for one more quarter.

      Most of the revenue upside was from deals which were anticipated to close next quarter.

      Despite analyst's mostly positive stance on the company's performance I would still advice to short the stock as the after hours upside is largely due to newswire reports like briefingdotcom which calculated the guidance from the overall revenue base and arrived at around $110 million.

      Given the very mediocre outlook and the still tepid growth I don't see the multiple to expand for the company.

 
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