Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of enterprise software maker Progress Software
So what: The company just reported third-quarter results with surprisingly strong earnings but a bleak outlook for the coming quarter. Management explained that the shaky economy caused several large customers to delay their software orders, thus halting Progress' progress.
Now what: I'd buy that explanation at face value if Progress' rivals were seeing the same transaction pattern develop, but that's not the case. TIBCO Software
Interested in more information about Progress Software? Add it to My Watchlist.
Fool contributor Anders Bylund holds no position in any of the companies discussed here. The Motley Fool owns shares of International Business Machines and Oracle. Motley Fool newsletter services have recommended buying shares of Tibco Software. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool is investors writing for investors.