Progress Software Corporation (PRGS)
| Market Cap | 1.84B -9.1% |
| Revenue (ttm) | 1.00B +15.5% |
| Net Income | 89.04M +54.6% |
| EPS | 2.06 +58.8% |
| Shares Out | 41.01M |
| PE Ratio | 21.68 |
| Forward PE | 7.42 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 430,434 |
| Open | 45.00 |
| Previous Close | 45.22 |
| Day's Range | 44.48 - 45.48 |
| 52-Week Range | 23.82 - 47.37 |
| Beta | 0.80 |
| Analysts | Strong Buy |
| Price Target | 55.80 (+24.67%) |
| Earnings Date | Sep 28, 2026 |
About PRGS
Progress Software Corporation provides software products that develops, deploys, and manages artificial intelligence (AI) powered applications and digital experiences in the United States and internationally. The company offers Agentic RAG, a next-generation Agentic Rag-as-a-Service platform; Automate MFT, a cloud-native Software-as-a-Service (SaaS) platform for automated and secure file transfers; Chef, a DevOps/DevSecOps automation software; Corticon, a decision automation platform; DataDirect, a secure data connectivity tools for Relational,... [Read more]
Financial Performance
In fiscal year 2025, Progress Software's revenue was $977.83 million, an increase of 29.79% compared to the previous year's $753.41 million. Earnings were $73.13 million, an increase of 6.86%.
Financial StatementsAnalyst Summary
According to 5 analysts, the average rating for PRGS stock is "Strong Buy." The 12-month stock price target is $55.8, which is an increase of 24.67% from the latest price.
News
Progress Software Announces New Telerik and Kendo UI Release to Accelerate AI-Powered Development and Agent-Ready Applications
Latest release helps development teams transition from AI-assisted coding to production-ready, agent-driven applications
Progress Software appoints Bridget Collins as chief information officer
Progress Software (PRGS) announced the appointment of Bridget Collins as chief information officer, or CIO. Collins will lead the company’s global IT and security organization and report directly to C...
Progress Software Appoints Bridget Collins as Chief Information Officer
Accomplished technology executive to lead enterprise IT strategy, AI acceleration, cybersecurity and M&A integration BURLINGTON, Mass., Aug. 18, 2026 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PR...
Progress Software participates in a conference call with DA Davidson
Analyst Lucky Schreiner holds a conference call with management. on August 17 at 11 am hosted by DA Davidson. Webcast Link
Progress Sitefinity Generative CMS Recognized for Content Marketing Innovation in 2026 MarTech Breakthrough Awards Program
9th Annual Program Honors the Marketing, Sales and AdTech Innovators Reshaping How Brands Engage, Convert and Grow 9th Annual Program Honors the Marketing, Sales and AdTech Innovators Reshaping How Br...
Professional Services Firms Lose $60K a Year to Inefficient Client Coordination, New Progress Software Report Finds
Global survey reveals fragmented coordination workflows have become a measurable business cost, signaling the need for more structured, AI-enabled client collaboration BURLINGTON, Mass., July 30, 2026...
Progress Software Introduces AI Agents Built into CMS Workflows to Reduce Content Bottlenecks and Scale Digital Delivery
Built directly into content workflows, AI agents execute, optimize and continuously improve digital experiences, helping teams publish faster, scale consistently and reduce manual effort BURLINGTON, M...
Progress Software price target raised to $45 from $40 at DA Davidson
DA Davidson analyst Lucky Schreiner raised the firm’s price target on Progress Software (PRGS) to $45 from $40 and keeps a Buy rating on the shares. The firm is updating…
Domo downgraded to Equal Weight at Stephens after Progress Software deal
Stephens downgraded Domo (DOMO) to Equal Weight from Overweight with a price target of $4, down from $5, after the company announced it has agreed to sell most of its…
Progress Software Transcript: M&A announcement
The acquisition of Domo's AI and data platform business for a net price of $355 million aims to enhance AI data platform leadership, leverage complementary technologies, and drive margin improvements through integration. The deal is expected to close by November 2026, with limited customer overlap and strong retention rates.
Progress Software Press release: M&A announcement
Progress Software issued a press release on July 22, 2026, disclosing material business information to investors.
Progress Software Slides: M&A announcement
Progress Software has posted slides in relation to its latest quarterly earnings report, which was published on July 22, 2026.
Progress Software backs Q3 EPS view $1.53-$1.59, consensus $1.52
The company said, “Based on currently available information, Progress anticipates revenue and non-GAAP earnings per share for its fiscal third quarter will be within or above the high end of…
Progress Software to acquire Domo for $400M
Progress Software (PRGS) announced that it entered into an agreement to acquire substantially all of the assets and assume certain liabilities of Domo (DOMO), including its AI and data products…
Domo to sell substantially all assets, certain liabilities to Progress for $400M
Domo (DOMO) announced that its Board of Directors has unanimously approved a definitive agreement under which Progress Software Corporation (PRGS) will acquire substantially all of the assets and empl...
Domo Announces Agreement to Sell Substantially All Assets and Certain Liabilities to Progress Software for $400 Million
SILICON SLOPES, Utah--(BUSINESS WIRE)---- $DOMO--Domo, Inc. (NASDAQ: DOMO) (“Domo” or the “Company”) today announced that its Board of Directors has unanimously approved a definitive agreement under w...
Progress Software to Acquire Domo's AI and Data Platform Business
Acquisition further strengthens the capabilities of Progress data platform offerings to provide organizations the context and control to securely turn fragmented enterprise knowledge into governed, AI...
85% of Lawyers Use AI, Yet Manual Work Still Dominates Legal Workflows, New Progress Software Report Reveals
State of Legal 2026 report shows how AI, automation and streamlined processes can reduce delays and strengthen client confidence
Progress Software price target lowered to $50 from $57 at Oppenheimer
Oppenheimer lowered the firm’s price target on Progress Software (PRGS) to $50 from $57 and keeps an Outperform rating on the shares after the company delivered a solid Q2. Revenue…
Progress Software Earnings Call Transcript: Q2 2026
Q2 2026 results exceeded expectations with 7% revenue growth, strong margins, and robust cash flow. Guidance for the full year was raised, reflecting confidence in continued demand, especially for AI-driven products, and ongoing deleveraging and share repurchases.
Progress Software Earnings release: Q2 2026
Progress Software released its Q2 2026 earnings on June 30, 2026, summarizing the period's financial results.
Progress Software Quarterly report: Q2 2026
Progress Software has published its Q2 2026 quarterly earnings report on June 30, 2026.
Progress Software Slides: Q2 2026
Progress Software has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on June 30, 2026.
Progress Software sees Q3 EPS $1.53-$1.59, consensus $1.45
Sees Q3 revenue $244M-$250M, consensus $249.99M. Anthony Folger, Progress CFO, said: “Our Q2 revenues were ahead of expectations, and the outperformance was largely driven by the success of several AI...
Progress Software raises FY26 EPS view to $6.09-$6.21 from $5.91-$6.03
Consensus $5.98. Raises FY26 revenue view to $990M-$1.002B from $988M-$1B, consensus $994.11M.