Relatively Low Beta Detected in Shares of Progress Software in the Systems Software Industry (PRGS, VMW, CHKP, SYMC, FTNT)
Below are the three companies in the Systems Software industry with the lowest betas. Lower-beta stocks mean minimal volatility and are therefore generally considered to be a less risk and offer more stable returns.
Progress Software ranks lowest with a a beta of 0.7. VMware is next with a a beta of 0.7. Check Point Software Technologies ranks third lowest with a a beta of 0.8.
Symantec follows with a a beta of 1.0, and Fortinet rounds out the bottom five with a a beta of 1.0.
SmarTrend recommended that subscribers consider buying shares of Progress Software on April 15th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $25.62. Since that recommendation, shares of Progress Software have risen 8.4%. We continue to monitor Progress Software for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: lowest beta progress software VMware check point software technologies Symantec fortinet