On July 10, 2025, NorthCrest Asset Management, LLC disclosed the sale of Broadcom(AVGO 0.55%) shares worth approximately $6.50 million, according to its latest SEC filing.What happenedNorthCrest Asset Management, LLC filed its quarterly Form 13-F with the U.S. Securities and Exchange Commission on July 10, 2025, reporting the sale of 30,024 Broadcom shares during Q2 2025. The transaction had a reported value of $6.50 million for the period ended June 30, 2025. As of June 30, 2025, NorthCrest’s total positio ...

Visionary CEO recognized for bold leadership, strategic growth, accelerated AI innovation and long-term stakeholder value creation BURLINGTON, Mass., June 18, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that CEO Yogesh Gupta has been named an Entrepreneur Of The Year® 2025 New England Award winner by Ernst & Young LLP (EY US). The prestigious program recognizes visionary leaders of companies who ...

BURLINGTON, Mass., June 16, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced that it will release financial results for its fiscal second quarter of 2025 after the market close on Monday, June 30, 2025. Progress will host a conference call to review and discuss the results at 5:00 p.m. ET the same day. The company’s second quarter of fiscal year 2025 ended on May 31, 2025. Conference Call DetailsA li ...

Confluent (CFLT) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this data infrastructure software maker reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation bet ...

Company Performance - Confluent reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and up from $0.05 per share a year ago, representing an earnings surprise of 14.29% [1] - The company achieved revenues of $271.12 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.86%, and an increase from $217.24 million year-over-year [2] - Over the last four quarters, Confluent has consistently surpassed consensus EPS and revenue estimates [2] Stock Outlook - Confluent shares have declined approximately 14% since the beginning of the year, compared to a 5.5% decline in the S&P 500 [3] - The company's current Zacks Rank is 3 (Hold), indicating expected performance in line with the market in the near future [6] - The consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $277.28 million, and for the current fiscal year, it is $0.35 on revenues of $1.16 billion [7] Industry Context - The Internet - Software industry, to which Confluent belongs, is currently ranked in the bottom 44% of over 250 Zacks industries, suggesting potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]