Five Star Equities Issues New Research Reports on PRGS, RHT, WUBA and ZNGA


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Companies Mentioned

NASDAQ:PRGS / NYSE:RHT / NYSE:WUBA / NASDAQ:ZNGA
03/31/2014 [ACCESSWIRE]

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Progress Software Corporation (NASDAQ: PRGS) shares declined 2.59 percent to close at $21.09 a share Friday. The stock traded between $20.06 and $22.11 on volume of 598,269 shares traded. The company reported revenue from continuing operations was $74.5 million for the first quarter of fiscal 2014, a decrease of 11.0 percent when compared to a year ago. Shares of Progress Software are down approximately 18.0 percent year-to-date.

Get more information on Progress Software and free access to the in-depth equity report at:  
www.FiveStarEquities.com/PRGS

Red Hat Inc. (NYSE: RHT) shares fell 6.95 percent to close at $52.23 a share Friday. The stock traded between $51.80 and $55.35 on volume 7.07 million shares traded. The company’s earnings guidance of $0.32 to $0.33 a share for the fiscal first quarter fell short of analysts’ expectations of $0.34 a share. Shares of Red Hat are down approximately 7.0 percent year-to-date.

Get more information on Red Hat and free access to the in-depth equity report at:  
www.FiveStarEquities.com/RHT

58.com Inc. (NYSE: WUBA) shares increased 3.01 percent to close at $40.33 a share Friday. The stock traded between $37.43 and $44.19 on volume of 7.14 million shares traded. The company announced the pricing of a follow-on public offering of American depositary shares at a price of $38.00 per ADS. Shares of 58.com are up approximately 5.0 percent year-to-date.

Get more information on 58.com and free access to the in-depth equity report at:  
www.FiveStarEquities.com/WUBA

Zynga Inc. (NASDAQ: ZNGA) shares declined 1.12 percent to close at $4.42 a share Friday. The stock traded between $4.26 and $4.67 on volume 46.04 million shares traded. According to recent regulatory findings, Steven Cohen, head of SAC Capital Advisors LP, has increased his stake in the company to 5.3 percent. Shares of Zynga are up approximately 16.0 percent year-to-date.

Get more information on Zynga free access to the in-depth equity report at:  
www.FiveStarEquities.com/ZNGA

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Five Star Equities has no financial relationship with any company whose stock is mentioned in this release.

Contact:          
Five Star Equities
info@fivestarequities.com

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