Progress Software Finds Unauthorized Access to Corporate Network

Progress Software said cybersecurity experts uncovered evidence of unauthorized access to the company’s corporate network, including evidence that certain data has been exfiltrated.

• As the investigation remains ongoing, Progress will continue to assess the potential impact on its business, operations and financial results
• The company currently does not believe that the cyber incident will have a material impact on its business, operations or financial results

NOTE

• Progress Software Corp. shares were little changed in postmarket trading as of 4:10 p.m. New York time
  • The average 12-month price target of $55.00 is 10.2% above the current price
  • 5 buys, 2 holds, ...