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.