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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.
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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.
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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.
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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.
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