Can the ShareFile Buyout Change PRGS' Fate or is it a Risky Bet?

Progress Software's (PRGS) shares gained 2.49% and closed at $57.62 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 constru ...